Sui Price Hits Key Support Zone Amid Buy Signal and Institutional Developments

Sui (SUI) is trading near $0.72 after experiencing a slight decline of around 4% in the past 24 hours and 7% over the last week.

Analysts are focusing on the key support zone between $0.70, $0.71, with some predicting a bounce to $0.84, $0.85 if buyers hold this level.

Crypto analyst Ali Martinez flagged a TD Sequential buy signal on SUI's 12-hour chart, which previously accurately anticipated a major trend shift after a 17% rally.

The Sui Foundation has also been buying back over 609,800 SUI tokens since the start of the year, funded by on-chain stablecoin profits and returned to the ecosystem rather than burned.