SUI has maintained its position above a critical long-term support level near $0.90, signaling potential stabilization after a period of decline. The cryptocurrency is currently trading at $1.04, down 4.69% over the past 24 hours, but recent price movements suggest that sellers may be losing momentum. Traders are closely monitoring whether SUI can sustain this support and gather strength for a potential recovery. The asset's resilience is underscored by its reaction to a rising weekly trendline, which has historically provided multiple rebounds. Additionally, SUI has moved above the mid-range Bollinger Band resistance, a move that often indicates a shift in market momentum. Rising open interest further suggests increased trader participation, pointing to stronger market conviction. Despite these positive signs, SUI faces significant resistance at $2.30, a level that previously served as major support. Before challenging this resistance, traders are eyeing a potential move towards $1.50, which would reinforce the developing recovery pattern. The market remains focused on whether SUI can maintain its upward trajectory amid these technical developments.