Key Takeaways
- SUI currently trades at $0.6761, experiencing a 0.25% decline over the past 24 hours with a $2.75 billion market capitalization
- Crypto analyst Michaël van de Poppe identifies the $0.65–$0.67 range as a strategic accumulation zone
- If SUI maintains its higher low at $0.6725, van de Poppe projects a move toward $0.745
- The token has declined 87.3% from its January 2025 all-time high of $5.35
- A close below $0.66844 could trigger further downside pressure toward the $0.65 mark
As of August 17, 2026, Sui (SUI) is changing hands at $0.6761, maintaining position just above a critical technical support area. The cryptocurrency has experienced a dramatic 87.3% pullback from its peak of $5.35 recorded in January 2025.
Current 24-hour trading activity registers approximately $159.44 million in volume, while the token’s market capitalization stands near $2.75 billion. SUI has remained confined within a $0.67–$0.77 trading corridor since the beginning of June.
Renowned crypto trader Michaël van de Poppe shared his analysis on X, describing SUI as presenting “an ideal spot to be accumulated.” His assessment includes two potential paths forward for the digital asset.
I’ve said it a few times, I think that $SUI is an ideal spot to be accumulated.
Two scenarios for me here.
1⃣ – This recent sweep of the low will end up with a HL at $0.6725 and we’ll break upwards quickly in the coming days, in which I’m targeting $0.745 as the potential… pic.twitter.com/5ITEL49p7h
— Michaël van de Poppe (@CryptoMichNL) August 17, 2026
According to van de Poppe’s primary outlook, the latest pullback establishes a higher low at $0.6725. Should this support zone prove resilient, he anticipates a swift upward movement with $0.745 serving as the next resistance barrier.
His alternative scenario involves Bitcoin experiencing weakness that drags the overall cryptocurrency market lower. In such circumstances, van de Poppe indicated he would consider entering SUI positions below $0.65 for an extended swing trading opportunity.
Technical Indicator Analysis
SUI presently trades beneath its middle Bollinger Band positioned at $0.68332 and near the lower boundary at $0.66844. The upper band registers at $0.69820.
The MACD histogram displays a modest positive reading of 0.00079, while the MACD line at -0.01098 sits marginally above the signal line at -0.01177. These metrics suggest tentative bullish momentum, despite both indicators remaining in negative territory.
On-Balance Volume (OBV) has demonstrated stagnation for more than 30 days, and the Relative Strength Index continues struggling to breach the 50 threshold. A recent bearish crossover in the Stochastic RSI indicates potential additional downward movement.
Critical Price Zones
The $0.833 price point functions as a resistance zone and corresponds to the 23.6% Fibonacci retracement level. The golden pocket zone extends significantly higher, spanning from $1.12 to $1.25.
CoinGlass liquidation analytics reveal concentrated long position liquidations beneath $0.65, establishing this region as a probable target for price action. Above current levels, the $0.78 zone contains another liquidity concentration that aligns with a local resistance area.
Technical traders view a rebound toward $0.80 as a potential distribution level, while a decisive break below $0.64 would signal continuation of the downtrend.
Between February and early May 2026, SUI exhibited comparable consolidation patterns before launching a powerful rally to $1.42. This upward surge was subsequently met with substantial profit-taking in the following weeks.
For SUI to demonstrate momentum improvement, the token must reclaim $0.68332, followed by $0.69820. Van de Poppe’s highlighted $0.745 resistance level represents the primary short-term upside objective.
The post Sui (SUI) Price Analysis: Down 87% from Peak — Should You Buy the Dip? appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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