Sui has emerged as one of the strongest major assets during the early-2026 rebound, according to analysis shared by Daan Crypto Trades.
The analyst highlighted that SUI has shown resilience both during the upside impulse and throughout the subsequent pullback, a contrast to many large-cap tokens that have already lost prior support levels.
$SUI One of the strongest majors on this bounce in 2026.
Even on the downside it's pretty resilient here compared to most. As long as this holds on to that previous range high around ~$1.7 I think this looks pretty good. pic.twitter.com/ibY0CkuRw6
— Daan Crypto Trades (@DaanCrypto) January 8, 2026
A critical reference point remains the former range high around $1.70–$1.72. The analyst noted that as long as price holds above this zone, SUI’s broader structure remains constructive.
Rather than an aggressive rejection after the rally, price action has transitioned into a controlled retracement, suggesting profit-taking rather than distribution. This behavior often reflects sustained market confidence rather than exhaustion.
Price Structure and Probabilities from the Latest Chart
The latest chart by TradingView provides additional clarity on the current setup. SUI is trading near $1.78–$1.82, consolidating above the prior resistance zone that has now flipped into support. This area between $1.70 and $1.75represents the primary level to watch in the short term.
As long as this support band holds, the probability favors continued consolidation or a renewed push toward the recent highs near $1.95–$2.00. A sustained hold above $1.70 increases the likelihood of another upside attempt, as sellers have so far failed to force a deeper retracement.
Conversely, a clean breakdown below $1.70 would weaken the bullish structure and open the door for a deeper pullback toward the $1.55–$1.60 region, where prior demand was established.
Volume behavior supports the consolidation narrative. Activity has cooled compared with the breakout phase, indicating reduced selling pressure rather than aggressive exit flows. This combination of price holding above former resistance and stabilizing volume keeps SUI positioned as one of the more technically resilient majors during the current market phase.
Overall, the structure favors a neutral-to-bullish continuation scenario, with the $1.70 range acting as the key decision level that will likely define SUI’s next directional move.
