2026-01-20 00:27:20

SUI's market trend this week seems to need to be suppressed further before it can stabilize. Currently at the $1.59 level, it has already fallen 11% in 24 hours and is testing the critical support at $1.5—this level is both a daily pivot and corresponds to Fibonacci retracement support, providing double reinforcement. If it holds, a consolidation trend can unfold; if it breaks, the next key level to watch is $1.42.

In the short term, there is indeed pressure. The collective sell-off of altcoins has dragged the market down, coupled with the lingering impact of recent mainnet outages, which has suppressed bearish sentiment. However, after increased volume, sell orders are gradually drying up, which is a positive signal.

On the bullish side, the approval of spot ETFs is progressing, and native privacy features are also expected to be implemented. The ecosystem's liquidity infrastructure continues to upgrade, and from a long-term perspective, these supports are quite solid.

Trading advice: In the short term, focus on light positions and gradual buying near $1.5, with stop-loss set at $1.4. If a rebound is blocked above $1.8, consider reducing positions. $1.72 is the resistance of the 20-day moving average; breaking through could open the chance to test $1.84. Never chase the high; waiting for the right opportunity is the most important.

SUI-3,36%

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NFTArchaeologist

· 7h ago

1.5 didn't break again, can it hold this time? I think it still depends on the pace of ETF advancement 1.42 breaking is the real despair, but I'm not that pessimistic yet Again, light positions and gradual entry, it sounds simple but it's exhausting to do This wave of mainnet interruptions has been quite disastrous, no wonder the bears are so arrogant In the long run, ETFs and privacy features still have potential, just worried it might be just empty promises I've heard "don't chase the high" a hundred times, but I just can't change If it can't break 1.8, it still feels like it will continue to fall, to be pessimistic Does that line at 1.72 really work? Feels like armchair strategizing after the fact The volume of sell orders during the decline dried up, but this theory doesn't seem to work well on SUI I tried low buying at 1.5, but it turned out that 1.42 was the bottom, and I'm still at a loss now

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OptionWhisperer

· 7h ago

Is it going to break below again? If 1.5 doesn't hold, I really have to liquidate everything.

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GreenCandleCollector

· 7h ago

1.5 If we can't hold it, we'll just break even. This drop is a bit fierce. SUI still needs to fall further before I can feel at ease. The bears haven't given up yet. The mainnet situation still has a big impact. Be cautious when entering the market now. Anyway, ETF is coming, so long-term patience is needed. Don't rush. If 1.42 really breaks, I'll go all in directly. Currently, those buying at this level are brave. I'll wait and watch. Why does it feel like all the altcoins are just hyping up without any real effect? Don't chase the high. I’ll keep that in mind. Are the sell orders drying up? That probably means the bottom is near. Long-term optimistic, but in the short term, just ride the roller coaster.

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PrivateKeyParanoia

· 7h ago

If we can't hold 1.5, we'll just flatten it to 1.42. Anyway, in the long run, these infrastructure assets will eventually rise.

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quiet_lurker

· 8h ago

1.5 if we can't hold it, we'll go straight to 1.42. This time, it's really hard to say. --- It's that old story of entering in batches again. I'll wait until the drop is more severe before taking action. --- The mainnet issue is still affecting sentiment. We need to wait until the market fully digests it. --- If resistance above 1.8 is hit, reduce positions. It sounds right, but who can really do it in practice? --- Try to break through 1.72 with a rebound; if it can't break, we'll turn back again. --- Instead of watching these numbers, it's better to see when the ETF will truly be approved, as that will be the turning point. --- I recognize the signal of volume-dried sell orders, indicating that the selling pressure is weakening. --- With such a strong bearish sentiment, the bottom shouldn't be too far away. --- The 1.5 line is indeed important; if broken, it will be very uncomfortable later on. --- I agree with short-term light positions; don't get fooled into chasing the rally.

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