Sui (SUI) Price Outlook: Strong Support at $1.55 Could Ignite a Run Toward $10

SUI remains above key support, maintaining potential for high-timeframe reversal.
A breakout above resistance levels could trigger a significant midterm price rally.
Momentum indicators suggest early stabilization, but the broader trend still favors sellers.
SUI is trading at $1.55, sitting directly on a long term ascending support line that has triggered major rallies in previous cycles. The price has entered the strong demand zone between $1.30 and $1.60, where buyers historically stepped in aggressively. As long as SUI stays above $1.40, the structure remains intact, keeping the potential for another high-timeframe reversal alive.

For a confirmed bullish reversal, SUI must reclaim immediate resistance at $2.09, followed by a breakout above the descending trendline near $2.40–$2.60. Clearing this region opens mid-term targets at $3.20 and $4.00, matching previous structural pivot zones. If momentum strengthens, the chart indicates a high-probability extension toward the macro target at $10.00, signaling a potential multi-month continuation rally.

If SUI fails to hold the ascending support, the first breakdown zone lies at $1.40, which would invalidate the bullish setup. A loss of this level exposes the next major support at $1.00–$1.10, where buyers may attempt a rebound. In a deeper correction, the price could revisit the extreme capitulation target near $0.80, marking the final defensive region before structural failure.