SUI is facing resistance at $0.733, while analyst Michael van de Poppe says $0.68-$0.70 could become an entry zone if Bitcoin loses its recent lows.

Sui network activity continues to span DeFi, payments, gaming and stablecoins, underscoring broader usage beyond SUI’s price action.

SUI is trading near $0.725, positioned between its 50-day moving average at about $0.747 and its 200-day moving average near $0.71. That leaves the token in a narrow technical range where nearby support and resistance levels are both being watched closely.

SUI remains below its 50-day moving average after a rejection at $0.733, even as network activity stays in focus. Van de Poppe identified $0.68-$0.70 as a possible entry zone if Bitcoin loses recent lows. Meanwhile, Lucky highlighted activity across DeFi, payments, gaming and stablecoins on the Sui network, showing that the network’s usage profile extends beyond short-term price swings.

SUI Rejection Keeps $0.70 Support in Focus

Van de Poppe said SUI faced a clear rejection at $0.7330, which had turned into resistance. He added that the declines were becoming less severe while the broader trend remained under review. If SUI falls further and Bitcoin loses its recent lows, Van de Poppe pointed to $0.68-$0.70.

He also identified $0.90 as a later price level. The current chart places SUI near $0.725, below the 50-day moving average at about $0.747. However, the token remains above the 200-day moving average, which is near $0.71.

SUI Network Activity Spans Several Uses

Lucky, Bitcoin OG Since 2015, said users are active across DeFi, payments, gaming and stablecoins. He also highlighted Sui Network’s stablecoin payment infrastructure and its reported usage. The network focus comes alongside a volatile price path.

SUI started the period near $0.90-$0.95 and briefly moved above $1 in April. The token then reached about $1.39 in mid-May before falling below $0.90. By June, SUI had reached the $0.70 area. That decline was followed by a volume-backed rally in mid-August, before SUI moved back toward about $0.92 and then retreated toward $0.70-$0.72.

Moving Averages Frame the Current Setup

The chart shows SUI at approximately $0.725, placing it between the two moving averages. The 200-day average near $0.71 provides the lower reference level. Trading volume is about 390.01 million SUI.

Meanwhile, $0.70-$0.71 remains the support area identified from the chart. A move above $0.747 would bring $0.80-$0.83 into focus on the provided levels. However, a break below $0.70 would expose the $0.64 area.

The price structure also shows repeated selling near higher levels, which keeps the current range important for traders tracking both chart levels and network activity. SUI remains below the $0.7330 level cited by Van de Poppe as resistance.