SUI Tests $1 Support as Signals Persist Near Resistance $1.05–$1.12

SUI is testing a key level of $1 support on February 8, 2026, as investors decide whether or not it can find stabilization after weeks of decline. The token is falling due to a bearish trend among all altcoins, as indicators point to further downside risk.

At the time of writing, SUI is trading at $1.00, posting a 1.07% gain over the last 24 hours, according to data from CoinMarketCap. The token recorded approximately $768.95 million in daily trading volume, while its market capitalization stands at $3.86 billion. The minor rebound follows a prolonged downtrend that has pushed SUI toward key historical demand zones.

Source: CoinMarketCap

SUI Faces Downtrend Near Resistance

Crypto analyst BitGuru stated in a post published on February 8, 2026, that SUI remains in a clear downtrend and has experienced several failed consolidation attempts. The asset has swept liquidity at local lows and is attempting a short-term corrective upward move.

Source: X

BitGuru has identified a critical support zone between $0.80 and $0.90, which could potentially become a base if selling pressure persists. On the other end of the scale, near-term resistance is found between $1.05 and $1.12, which could potentially limit any short-term gains.

SUI Maintains Weak Bearish Momentum Signals

Technical indicators for the weekly timeframe still show the presence of a bearish market structure. The Relative Strength Index (RSI) is still around 31.8, which is just slightly above the oversold area. This does not necessarily indicate that the selling pressure is losing steam.

SUI is also trading significantly lower than its Moving Average Ribbon, with the major indexes trading at $1.93, $2.68, and $2.88. These levels have become significant overhead resistance and further emphasize the recent sell-off.

Meanwhile, the MACD indicator is still in the negative zone as the MACD line is currently at -0.48 while the signal line is at -0.43. The bars are getting smaller, but the MACD indicator has yet to produce a bullish signal.

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SUI Price Outlook

BitGuru says that for SUI to indicate a more sustainable recovery, the price needs to break through resistance levels and start moving above key moving averages. In addition, there is a need for bullish changes in the momentum indicators and an increase in trading volumes.

Until then, the overall bias remains tilted to the downside, and the $0.80–$0.90 support zone remains a crucial area to watch out for in the upcoming sessions.

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