SUI is trading near a key support area after a sharp drawdown from multi-year highs, with traders observing critical levels that may define the next broader trend.
Market Tests Critical Higher-Timeframe Support
The SUI/USDT 3D chart shows the coin pulling back toward the $1.37–$1.45 region, an area that previously acted as a base during earlier expansions. This zone aligns with prior highs and periods of consolidation through 2024 and 2025, forming a natural point where buyers often return. Its position on a higher-timeframe chart gives the market room to settle before attempting any upward structure.
Crypto analyst Daan Crypto Trades noted that many large altcoins have lost earlier high-timeframe price regions, placing emphasis on when the broader market establishes a local bottom. His comment referenced SUI’s position near these support levels, adding that a deviation above $1.45 and a retake of $1.6 could shift the chart’s tone.
The recent move into this support cluster followed a steep sell-off. Trading activity surged during the decline, suggesting a round of capitulation. If selling pressure begins to ease on the next few 3D candles, the price may have room to stabilize within this zone.
Key Levels Traders Are Watching for Trend Recovery
The $1.45 threshold is attracting wider attention as the first level that could confirm buyer presence. Market observers note that clearing this region is often where early reversal signals emerge, especially when the chart has room to breathe on multi-day candles. A steady move through this threshold may shape the beginning of a bottom-forming pattern.
Above $1.45, the $1.6 area stands out due to its technical and psychological weight. Daan Crypto Trades indicated that reclaiming the zone would reintroduce structure after losing recent higher-timeframe regions. On the 3D chart, that move could frame a slower but healthier shift toward accumulation.
Until either level is reclaimed, traders anticipate a period of controlled movement within the support channel. Sideways action is common after sharp retracements, especially when liquidity rebuilds following heavy selling.
Rising DEX Activity Adds Context to Current Price Structure
Marc Shawn Brown noted that SUI DEX volume almost doubled from November 1, providing additional context to the ongoing price action. Rising activity during periods of testing support can indicate that market participants are engaging more deeply with the asset during retracements.
Higher participation during downturns occasionally precedes stabilization phases. When volume expands as price enters earlier demand zones, traders often assess whether the activity represents renewed interest or continued repositioning. In SUI’s case, the increased on-chain volume arrives as the market watches for structure near $1.45.
The combination of elevated DEX activity, the high-timeframe support zone, and the levels referenced by analysts forms the current framework for SUI. Traders now look toward how the market interacts with $1.45 and $1.6 in the coming candles, as those areas may set the tone for the next directional phase.