Sui (SUI) traded near $0.7606 on Saturday, November 14, down 4.30% on the day, according to CoinGecko data. The decline extends a slide that has erased roughly 40% of the token's value since its late-September high near $1.25 and leaves price resting on an ascending trendline that has held since August. It marks the trendline's most significant test since it formed.

That trendline runs through the $0.75–$0.76 area, and Saturday's intraday low of $0.7606 landed almost exactly on it. The zone carries added weight: it also marks the lower edge of an older trading range between $0.75 and $0.84, an area buyers have defended before. Because ascending trendlines connect a series of rising lows, a daily close below the zone would constitute the first break of the support that has anchored the chart since August.

Suiet Shutdown and Cooling DeFi Activity

The weakness comes alongside news from within the Sui ecosystem — the layer-1 network whose SUI token pays the chain's transaction fees. Suiet, a self-custodial wallet built for the network, is ending support and maintenance. Cointelegraph reported on November 11 that its API services will remain online only through November 14. Users have been told to back up their recovery information and move to another wallet; their assets stay on the blockchain. That distinction matters: in self-custody setups, users hold their own keys, so the closure affects the interface layer rather than on-chain balances in the way a centralized custodian's failure would.

The shutdown follows the cancellation of the Suiball hardware wallet, whose team said it would refund pre-orders.

Network data points to a slower DeFi environment. Total value locked on Sui has fallen more than 22% over the past month, according to the same report, and Token Terminal figures show daily active users dropping from about 601,000 in November 2025 to 128,000 in October 2026. Building has not stopped entirely: Hashi, a Bitcoin-backed asset project, has started running on Sui's mainnet.

DefiLlama's November 14 snapshot recorded 92.59 million transactions in 24 hours, with 52,380 active addresses over the same period. DEX volume reached about $24.7 million, DeFi TVL slipped 3.42% to roughly $391 million and seven-day DEX volume fell 10.56%. Stablecoin supply moved the other way, rising about 2.5% over seven days to $548 million, with USDC making up more than 69% of the total. Stablecoin balances are commonly tracked as a read on dollar-denominated liquidity parked on a chain, meaning Sui ends the week with more of it than it started with even as trading metrics cooled.

ETF Flows Stay Quiet

Sui has several US-listed funds. CryptoETF.today tracks three of them, holding $36.4 million in total net inflows: Grayscale's GSUI at about $17 million, 21Shares' TSUI at $16.2 million and Canary Capital's SUIS at $3.3 million.

Recent activity has been subdued. The tracker logged no net creations or redemptions across nine sessions from November 2 to November 12, and November 13 showed zero inflows, though two funds had not fully reported. Net creations and redemptions are the mechanism by which money enters or leaves these products, so the quiet stretch means no net new investment was registered through the three vehicles — and the incomplete November 13 reporting leaves room for that day's tally to change.

Analyst Flags Potential Inverse Head and Shoulders

In a post on November 12, analyst CryptoBullet pointed to a possible inverse head and shoulders pattern on the SUI daily chart, saying a breakout from the setup would target $2.2 to $2.5. The formation — three troughs with the middle one deepest — is one chartists treat as a potential bottoming structure, with breakout targets typically projected from the pattern's height.

What I'm watching closely right now is this potential inverse Head & Shoulders on the $SUI daily chart 👀 🎯 Breakout Target would be $2.2-2.5 pic.twitter.com/OafFjAOTyB

— CryptoBullet (@CryptoBullet1) November 12, 2026

Key Levels and Momentum

On the daily chart, SUI has printed lower highs and lower lows since its rejection near $1.25. The ascending trendline traces back to the August low near $0.63, the level that launched the rally.

Overhead, resistance sits at $0.80 and then $0.84. Above that, $0.90 comes first, followed by the $0.95–$1.00 zone where sellers stopped earlier recoveries. If $0.75 gives way on a daily close, the next support lies near $0.70, followed by the August low at $0.63 and the $0.60 level.

Momentum readings currently favor sellers. The Relative Strength Index sits at 32.02, close to the oversold threshold of 30. The MACD line is at -0.0499, below its signal line at -0.0438, and the histogram reads -0.0061. According to the analysis, a bullish MACD crossover paired with an RSI back above 40 would point to easing sell pressure, while a close above $0.84 would be the first sign that buyers are retaking control.

As of Saturday, SUI trades at $0.7606, right on the $0.75–$0.76 trendline zone.

This article is based on reporting from CoinCentral.