SUI Jumps 37% in a Week, but Profit-Taking Puts $2 Support at Risk

The SUI price has increased by nearly 17% in the past 24 hours and by around 37% over the past seven days, making it one of the stronger short-term performers in the market. The move comes after weeks of sideways action and has revived bullish interest.

However, the bigger picture still matters. SUI remains down roughly 61% on a yearly basis, which means this rally is happening inside a broader recovery attempt, not a confirmed long-term uptrend. Recent price strength is real, but new data shows that profit booking is starting to increase. The rally now hinges on whether buyers can defend the $2.00 level.

On the 12-hour chart, SUI has formed a clear triple bottom near $1.30. This means the price has tested the same support zone three times since early November and failed to break lower each time. Such behavior often signals that sellers are losing control and that buyers are consistently stepping in.

$SUI bouncing from its triple bottom and recovering the key $1.75 support.

Looking absolutely bullish