SUI trades near $0.7117 as bulls defend $0.695-$0.704 support, with $0.78 rebound and spot ETF launches in focus.
SUI is testing a key support area after a sharp pullback from the $0.77 region. Traders are watching whether buyers can defend the current decision zone.
The token is trading near $0.7117, according to CoinMarketCap data shared in the market update. The same data showed a $2.88 billion market cap and $122.25 million in daily volume.
BitGuru said SUI is holding support near $0.66 while facing resistance around $0.82. The analyst said traders are watching for either a breakout or a breakdown.
The market now sits between short-term weakness and a possible rebound setup. A move above $0.722 could support a recovery toward $0.78.
Rebound Toward $0.78 Needs Confirmation
If SUI clears $0.722, the next resistance sits near $0.735 to $0.745. This area may act as a supply zone after the recent sell-off. A break above it could reopen the path toward $0.758 to $0.777.
The $0.78 area remains the main rebound target in the current setup. However, that path depends on buyers defending support first. Without confirmation, the projected recovery remains only a possible scenario.
A decisive move below $0.695 would weaken the bullish case. The next support levels sit near $0.673 and $0.659. A deeper break could place the wider $0.60 to $0.75 zone under pressure.
Support Zone Becomes Main Market Test
BitGuru said SUI is testing the $0.695 to $0.704 support zone after falling from roughly $0.77. This area is now the main short-term level for buyers to defend. A strong reaction could help price stabilize above $0.70.
The analyst BitGuru noted that the latest structure remains weak in the immediate term. Price formed two similar highs near $0.77 before moving lower. This creates a possible double-top setup near the current support neckline.
$SUI is testing a key support zone after the recent pullback. If buyers hold this level, a rebound toward $0.78 remains possible. pic.twitter.com/WqtjE5Eyln
— BitGuru 🔶 (@bitgu_ru) July 25, 2026
A bullish recovery needs clear confirmation above nearby resistance, according to BitGuru. Price must hold $0.695 and form a higher low. After that, reclaiming $0.715 to $0.722 would improve short-term momentum.
Read also: SUI Builds Momentum With $1T Stablecoin Transfers, ETFs, Banks and BTC Plans
ETF Launch and Market Data Stay in Focus
Two spot SUI exchange-traded funds reportedly began trading on U.S. exchanges Wednesday.
Canary Capital launched SUIS on Nasdaq, while Grayscale listed GSUI on NYSE Arca. The funds give regulated exposure to SUI, with SUIS including staking income.
Coinbase also enabled direct SUI staking with rewards credited to users. Still, SUI fell about 5% over 24 hours during the wider crypto pullback. Bitcoin and Ethereum also traded lower during the same period.
Coinglass data shared with the update showed active derivatives tracking around SUI.
The figures included $48.68 million and $53.25 million readings, with a $4.57 million difference. Traders may now watch support, ETF demand, staking flows, and futures activity.
