Sui (SUI) is attempting to stabilize after a multi-week pullback, as price action continues to respect a well-defined ascending channel that has shaped the tokenSui (SUI) is attempting to stabilize after a multi-week pullback, as price action continues to respect a well-defined ascending channel that has shaped the token

Sui (SUI) Price Prediction: Sui Holds Ascending Channel Support While Traders Focus on $2.05 Resistance

2026/01/23 03:00
5 min read

Sui is showing signs of short-term stabilization following recent downside pressure, with price behavior continuing to align with this ascending channel across multiple daily tests. While broader crypto market conditions remain uneven, recent daily closes indicate that Sui’s underlying structure has not yet deteriorated, keeping key support and resistance levels technically relevant for short-term and swing-focused market participants.

Importantly, this assessment is based on observable price behavior rather than forward-looking assumptions. Since late 2025, each retest of the channel’s lower boundary has been followed by a recovery attempt, indicating that buyers are still active near structurally important zones.

Sui Price Today Reflects Channel Support

Recent Sui crypto news shows SUI testing the lower boundary of its ascending channel on the daily chart, a structure that has remained intact since October 2025. On January 22, 2026, the price of Sui traded up to approximately $1.53, rebounding from a prior session low near $1.47 and registering a daily gain of about 3%.

SUI is retesting daily support, with price action suggesting a potential rebound toward the upper channel resistance near $2.05. Source: @CryptoBullet1 via X

From a chart perspective, the last three touches of channel support since November have resulted in higher daily closes within one to two sessions. This pattern suggests that sellers have struggled to force continuation below support, even during broader market pullbacks. However, volume during the rebound remained subdued at roughly 63 million, signaling that while downside pressure has eased, aggressive accumulation has yet to appear.

CryptoBullet1, a market commentator known for tracking mid-cap Layer-1 assets, noted that “SUI is holding the ascending channel support around $1.44.” That observation aligns with visible price reactions on the chart, where multiple intraday breakdown attempts below this level have failed to sustain follow-through.

Technical Context Behind the Sui Price Prediction

The current Sui price prediction is grounded in classical channel analysis, where repeated defenses of ascending support typically signal consolidation rather than trend failure. While academic research by Andrew Lo and Craig MacKinlay focused on traditional financial markets, their findings on short-term price persistence are often applied cautiously to liquid crypto assets during low-to-moderate volatility phases.

On the hourly chart, SUI is testing the lower boundary of a descending channel near $1.45, with technical indicators pointing to a potential bounce and upside targets between $1.52 and $1.60 if consolidation holds above the 100-period moving average. Source: CryptoAnalystSignal on TradingView

In SUI’s case, the relevance lies in the duration of the structure. The channel has been tested multiple times over nearly four months, increasing its technical significance for swing traders rather than long-term positioning. As long as price remains above the $1.44–$1.45 region on a daily closing basis, the near-term structure remains constructive.

A sustained hold keeps the $2.05 resistance level in focus, corresponding with prior rejection zones on the daily chart. By contrast, a daily close below $1.40 would invalidate the current channel thesis and shift the bias toward a deeper corrective move, with $1.30 emerging as the next structurally relevant support.

Spot Trade Signals and Resistance Levels

Additional context comes from TradingView analyst @RealSniperClub, who frequently publishes short-term spot setups during retracement phases. The analyst recently highlighted potential SUI entries between $1.45 and $1.50, with layered upside targets at $1.65–$1.95 and extended resistance between $2.20 and $2.50.

SUI has pulled back into a key support zone, prompting a staggered long spot strategy between $1.45 and $1.50 with defined upside targets and risk capped below $1.30. Source: @RealSniperClub via X

“The green support box around $1.50 has acted as a reaction zone multiple times,” the analyst noted, referencing historical price behavior between October 2025 and early 2026. On the chart, this area coincides with both horizontal demand and the lower channel boundary, reinforcing its technical relevance.

Despite a reported 15% weekly decline, SUI’s ability to stabilize near $1.51 suggests that selling pressure has slowed rather than accelerated. This stabilization does not confirm a trend reversal but does support the view that the market is attempting to form a short-term base.

Short-Term Indicators and Market Structure

On lower timeframes, the Sui chart shows price action moving within a descending channel on the hourly timeframe. Price recently touched the lower boundary and rebounded, while the Relative Strength Index trended toward oversold levels before turning upward. This combination is typically associated with consolidation phases rather than immediate continuation lower.

SUI is forming a high-probability Expansion pattern, with Wave D nearing completion and key support suggesting a potential bullish transition into Wave E, offering traders a structured opportunity for staged entries. Source: behdark on TradingView

SUI is also approaching the 100-period moving average, a level that has previously acted as dynamic support during countertrend recoveries. Repeated reactions from the $1.45 zone reinforce its role as a near-term reference level for traders monitoring Sui price today, particularly on an intraday to short swing horizon.

Final Thoughts

Overall, current conditions point to a cautiously neutral outlook rather than a decisive directional bias. The Sui crypto price continues to respect its ascending channel, keeping the $2.05 resistance level technically relevant if support holds. At the same time, muted volume, broader market uncertainty, and the upcoming token unlock argue against assuming immediate continuation.

Sui was trading at around $1.52, up 0.75% in the last 24 hours. Source: Brave New Coin

In practical terms, the near-term framework is clear: holding above $1.44–$1.45 favors consolidation with upside potential, while a daily close below $1.40 would signal structural weakness. As with all Sui coin news, market participants are likely to remain focused on confirmed price behavior rather than projections, watching whether recent stabilization develops into a sustained move or resolves lower.

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