SUI Price Jumps Over 20%, Is the Bearish Trend Over?

• SUI price rebounds over 20% in the past 24-H from a low of $1.74, hitting an intraday high of $2.10.
• SUI remains in a broader downtrend, facing resistance near $2.20–$2.50.

After a sharp dip that reminded many of the infamous 1987 Wall Street crash, the global crypto market started the new trading day with a modest recovery. Industry watchers even dubbed it “Black Monday 2.0” as several digital assets plunged dramatically. But today brought some green, with the overall market rising 3.20% to hit a $2.53 billion market cap.

Interestingly, meme coin FARTCOIN and the trending token Hperliquid (HYPE) took the spotlight among top gainers, posting impressive jumps of 31% and 22% respectively.

One of the standout performers today is Sui (SUI), which surged over 22% from a low of $1.74 to an intraday high of $2.10. Just a day earlier, SUI had dropped nearly 20%, marking its lowest point since October 2024. The recovery now sees SUI trading around $2.06 — a 10.12% gain in the last 24 hours — with a market cap of $6.71 billion. Its daily trading volume also spiked by 75.78%, reaching $1.95 billion.

MACD and CMF Indicators Signals Mixed Momentum for SUI Price

On the charts, the 4-hour SUI/USDT pair shows a bullish engulfing pattern has emerged, signaling a potential short-term trend reversal from the recent downtrend. After several red candles, a strong green candle has formed, fully engulfing the previous candle — a classic bullish signal, buyers defended the $1.73 support zone strongly which leading to today’s rally

(4-Hours SUI Price Chart (Source: TradingView)The MACD line (blue) is still below the signal line (orange), indicating lingering positive momentum. Also, the histogram bars are shrinking, suggesting weakening selling pressure and a potential bullish crossover for SUI. The CMF remains slightly negative, but a move into positive territory could confirm strong buying activity.

However, the daily chart paints a more cautious picture. A Head and Shoulders pattern — typically a bearish signal — is still visible. The broader trend since late February has been bearish with a pattern of lower highs and lower lows. Unless SUI convincingly breaks above $2.20 and eventually $2.50, the broader downtrend could continue.

1 Day SUI Price Chart (Source: TradingView)In conclusion, while the 4-hour chart shows encouraging signs of a short-term bounce the daily structure remains fragile. Bears have dominated recently and although a bounce has occurred, it’s not yet strong enough to shift the larger trend. The Head and Shoulders breakdown remains a warning signal that cannot be ignored. For deeper insights into where SUI could be headed, check out our Sui (SUI) Price Prediction 2025, 2026-2030.

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