SUI Tests Strong Support After Downtrend with Relief Bounce Above $1.05 Level

• SUI shows relief bounce above $1.05 after repeated downtrend consolidations, hovering near strong $0.86 support.
• Cumulative 2026 trading volume reaches $43.4B, surpassing Cardano and Avalanche, showing active market interest.
• 21Shares Spot Sui ETF launches on Nasdaq with 0.30% fees, offering direct exposure to U.S. investors.

SUI has been showing a downtrend with repeated consolidation phases before each drop. The price is now near a strong support area. Market watchers note that buyers could step in and trigger a relief bounce. As of the time of writing, the coin trades at $0.985, showing a 13.97% rise in the past 24 hours.

Price Action and Support Levels

The token has faced multiple failed attempts to move higher, keeping the price in a broad downtrend on the 4-hour chart. Analysts point out that the coin is hovering just above a key horizontal support near $0.86, with the lower downside targets identified around $0.85 and $0.77.

On the upside, resistance appears stacked near $1.05, $1.10, and $1.17. A higher supply zone is observed toward the $1.30 to $1.36 level. “If buyers step in at this support, the token could see a relief bounce,” said BitGuru. The repeated consolidation phases under resistance suggest ongoing bearish pressure.

Trading Volume and Market Activity

SUI has seen substantial trading activity this year. The cumulative trading volume for 2026 has already reached $43.4 billion. This surpasses networks like Cardano and Avalanche, showing strong interest in the token. The daily trading volume for the token is around $678 million USD, indicating active market participation.

As of February 24, 2026, the 21Shares Spot Sui ETF (TSUI) has officially started trading on the Nasdaq.

This is the first spot-based Sui instrument for U.S. brokerage accounts, offering a low 0.30% fee structure.

The launch of the 21Shares Spot Sui ETF (TSUI) on Nasdaq provides U.S. investors with direct exposure to the token. The ETF features a low fee structure of 0.30%, making the token accessible through brokerage accounts. This is the first spot-based Sui instrument for U.S. traders.

Relief Bounce and Short-Term Outlook

The price has recently moved above the $1.05 resistance level, signaling a short-term relief bounce. Analysts caution that the broader downtrend remains intact despite this movement. SUIs repeated testing of support shows that buyers are defending key price zones.

Market watchers are observing the next resistance levels closely. If the asset clears the $1.10 and $1.17 zones, it may move toward the higher supply area. Investors are monitoring whether this relief bounce can sustain momentum or if the downtrend will resume.