SUI nears a key breakout zone as it tests support between $2.06–$2.10 amid tightening volatility and rising institutional interest.
SUI is approaching a crucial technical setup as analysts monitor key support levels between $2.06 and $2.10. SUI’s structure has been forming a symmetrical triangle since October 2024, suggesting a potential breakout as volatility continues to tighten. Market analysts are closely watching this range, as recent price movement and trading volume indicate growing institutional activity.
SUI Technical Structure Points to a Potential Breakout
SUI’s price movement has developed a symmetrical triangle pattern with three previous touches and a fourth one nearing completion. This structure is considered by traders as a consolidation phase where price contracts before a possible expansion. The lower trendline is anchored near the Binance TGE Anchored VWAP at $2.06, which serves as a historical cost basis for many market participants.
The volume has decreased steadily during this formation, which aligns with the pattern’s technical behavior before a possible breakout. Analysts note that the next touch near $2.06 to $2.10 will determine whether buyers can defend the support zone. A confirmed hold at this level may open a path toward a price expansion above $2.70, while a rejection could trigger a short-term decline toward $1.90.
Institutional Activity and Market Reaction
Recent trading sessions showed a sharp 9% decline in SUI’s price, falling from $2.32 to $2.10. Data from CD Analytics indicates that the token underperformed the broader crypto market by nearly 5%. The move coincided with increased trading volume, which was 53% higher than the 7-day average. This pattern suggests active repositioning by larger market participants rather than a retail-driven reaction.
SUI’s breakdown at $2.16 occurred with trading activity of over 99 million tokens, exceeding the 24-hour average by more than six times. Following the selloff, the token quickly rebounded from $2.04, showing signs of accumulation at lower prices. Analysts suggest that institutional participants were likely accumulating positions within this lower range while retail traders remained cautious. The market’s recovery from this point may indicate that strong hands are defending the key support levels ahead of the next volatility phase.
Analysts Monitor the $2.06 to $2.10 Zone
The area between $2.06 and $2.10 has become the primary focus for both technical and fundamental traders. This range connects structural support with the TGE AVWAP, creating an intersection of price memory and market value. If buying pressure remains steady in this zone, the triangle structure could complete its fourth touch and prepare for a directional move by mid-November.
Market analysts are monitoring candle closes and volume trends to confirm whether this contraction phase will lead to a breakout. A stable structure, combined with fading volatility and institutional re-entry, has made SUI’s current position a notable watch point across crypto trading circles. Analysts describe it as a textbook coiling pattern, where price compression precedes range expansion.
As SUI continues to consolidate near this critical level, traders await confirmation of the next market phase. The coming sessions will reveal whether the bulls can maintain support near $2.06 or if a lower liquidity test around $1.90 will occur before a broader price move.