SUI (SUI) Price: Drops Below $0.67 Support as Analysts Eye $0.642 Level

TLDR

• SUI price fell 3.11% to $0.6552 after losing the $0.67 support level.
• The $0.642-$0.65 zone is now the key area traders are watching.
• Analyst BitGuru flagged the breakdown from $0.67 to $0.65 on August 18.
• Bollinger Bands and MACD both point to ongoing bearish momentum.
• A reclaim of $0.67 could open the door to $0.68-$0.69 and $0.70.

SUI is under pressure after failing to hold above $0.67, a level that had acted as support for the token in recent sessions.

At the time of writing, SUI trades at around $0.6556. That marks a drop of 3.11% over the past 24 hours.

Daily trading volume sits near $375.06 million. Market capitalization is close to $2.67 billion.

Crypto analyst BitGuru shared this development on August 18. The post noted that SUI failed to hold its accumulation zone at $0.67 and slipped down to $0.65.

BitGuru’s post pointed to the $0.642-$0.65 range as the next area to watch. This zone could decide whether SUI stabilizes or falls further.

Support Zone Now in Focus

If buyers step in around $0.642-$0.65, SUI could attempt a bounce back toward $0.68-$0.69.

A move back above $0.67 would suggest the recent breakdown was short-lived. That would put the $0.68-$0.69 area back in play.

The downside case is also on the table. A drop below $0.642 without a quick recovery could send SUI toward $0.62 next.

Technical Indicators Show Weakness

SUI currently trades below its lower Bollinger Band, which sits at $0.66254.

The middle band is at $0.68181. The upper band is at $0.70107.

Trading below the lower band points to continued selling pressure and weak price strength.

Sui Price on CoinGecko

The MACD line is at -0.01232, sitting below the signal line at -0.01188. The histogram reads -0.00043.

This keeps the MACD in negative territory. It suggests bearish momentum remains in place for now.

The coming sessions will matter for SUI’s next move. The $0.642-$0.65 zone is the first area to watch for a reaction.

If buyers show up there, SUI could push back above $0.67 and test $0.68-$0.69, followed by the upper Bollinger Band near $0.70.

If selling continues below $0.642, the next level in view is $0.62.

As of August 18 at 11:59 PM, SUI remains below $0.67, with the $0.642-$0.65 zone acting as the line for the next directional move.

The post SUI (SUI) Price: Drops Below $0.67 Support as Analysts Eye $0.642 Level appeared first on Blockonomi.