SUI is facing a short-term pullback after a sharp September rally pushed the token toward $1.30. Analyst Michael van de Poppe is monitoring the next move, identifying $1.13 as the first potential dip level, $1.05 as the key level for swing positions and $0.88 as deeper support. The pullback is unfolding with SUI still holding above both of its major moving averages and with network activity running ahead of several comparable chains — context that frames how dip levels are being read.

Despite the recent weakness, SUI remains above its 50-day and 200-day moving averages, which are at $1.09 and $0.844, respectively. The network has also recorded more daily active users than NEAR, TON, Arbitrum and Injective, according to Van de Poppe.

Van de Poppe Highlights Three Levels

Van de Poppe said SUI was forming a relatively weak daily candle, while noting that the price could still recover before the session closed. If the weakness continued, he said he would consider buying during a dip.

The analyst identified a possible sweep of $1.13 — a brief push through a level that traders watch for a quick reversal — as the first level to monitor. He described $1.05 as the most important level for swing positions and said he would prefer SUI not to fall toward $0.88. Van de Poppe discussed the levels in a post on X: https://x.com/CryptoMichNL/status/2104504135232233801?s=20

Van de Poppe also said he did not believe SUI’s rally was nearing its end. He pointed to seven months of developing bullish divergences, arguing that they would not disappear after a single week of upward momentum. Bullish divergences — chart setups in which momentum firms while price lags — are widely watched for signs that selling pressure is fading, which is why the analyst tied them to the durability of the move.

SUI Holds Above Key Moving Averages

The 50-day and 200-day moving averages are among the most closely followed trend indicators, and an asset trading above both is generally read as keeping its broader uptrend structure intact. Against that backdrop, SUI traded at $1.169 after rising from approximately $0.65–$0.70 in June and remaining subdued through August. The recovery accelerated in late September, taking the token above $1.00 and toward $1.30.

The token is currently above its 50-day moving average at $1.09 and its 200-day average at $0.844. Trading volume also increased during the rally, with displayed volume reaching approximately 1.42 billion SUI.

SUI faces resistance between $1.21 and $1.30, followed by the earlier peak near $1.40 — the level that capped the prior advance. The $1.09 moving average represents a potential support level, while $1.02 and $0.844 are lower levels identified in the analysis.

Daily Active Users Surpass Several Networks

Van de Poppe reported that Sui had surpassed NEAR, TON, Arbitrum and Injective in daily active users. Daily active users, a measure of unique addresses interacting with a network each day, are a commonly cited gauge of adoption, and the comparison set spans established layer-1 networks alongside Arbitrum, an Ethereum layer-2. He cited the network activity alongside the bullish divergences that had developed over seven months. The network data is also available through Santiment:

The latest price movement follows an earlier rally from the $0.90–$1.00 range in late March and early May. During that move, SUI reached approximately $1.40 before declining.

Source: https://cryptofrontnews.com/analyst-eyes-1-05-sui-support-as-token-faces-short-term-pullback