SUI's weekly Parabolic SAR has flipped bullish following an 83% decline from its bear-market highs, with the trend-following indicator's dots shifting below price — a configuration traditionally read as an early sign of trend reversal. The signal was flagged by analyst Ali Charts in a post on X.

The token was last changing hands near $0.967, after briefly climbing to approximately $1.05 during the recent advance. Alongside Ali Charts, market commentators Investor Jordan and Michael van de Poppe are tracking nearby support and resistance zones, with potential tests toward $1.16 and $1.40 if the move extends.

Weekly SAR Turns After Deep Decline

According to Ali Charts, the weekly Parabolic SAR now points below SUI's price, a shift he characterized as a transition from a downtrend toward a new uptrend. The Parabolic SAR is a trend-following indicator that tracks trend direction and potential reversals; when its dots move below price, it signals bullish momentum within the indicator's framework. Developed by J. Welles Wilder in 1978, the tool recalculates its dots each period, and readings on the weekly timeframe are generally treated as slower-moving, higher-timeframe context than daily or intraday flips. Like all trend-following tools, it is also prone to whipsaws during consolidation phases, which is why its readings are typically weighed alongside subsequent price action.

The reversal signal follows a prolonged drawdown. SUI spent June and July trading between roughly $0.65 and $0.80, after sliding from approximately $1.40 in mid-May. The market structure shifted in August, when the token moved back above $0.90 on higher trading volume, although price subsequently entered another consolidation phase before September's advance.

Analysts Track Support and Resistance

Investor Jordan said buyers stepped in around the one-week support after SUI's most recent drop. He cautioned, however, that the token had lost its 9- and 21-day moving averages, which could now act as resistance overhead. Jordan added that he expects SUI to reach above $2 soon.

Van de Poppe, for his part, said SUI remains in consolidation and could experience a short correction. He identified $1.16 and $1.40 as levels that could be tested, following the token's recent climb through $0.80, $0.90 and $1.00. Price briefly reached approximately $1.05 before pulling back.

SUI Holds Above Key Moving Averages

SUI remains above both of its key daily moving averages after the recent advance: the 50-day average sits near $0.869, while the 200-day average stands around $0.791. Notably, the 50-day average has turned upward. The 50-day and 200-day averages are among the most widely watched trend gauges in technical analysis, with their slopes and positioning commonly used to frame medium- and longer-term trend conditions.

On the chart, the $0.87-$0.90 zone now serves as the key support reference, with levels tracked via Santiment's SUI chart. On the upside, $1.00 remains the immediate psychological level, and the $1.02-$1.05 range marks the latest resistance area.

A break above $1.05 would bring higher levels into view. Conversely, a rejection near $1.00-$1.05 could expose $0.90, with $0.87 and $0.79 marked as deeper support levels on the chart. Within the indicator's mechanics, the flipped weekly SAR reading remains in place unless weekly price action back below the dots.