Sui: Post-buyback correction led to 7.86% drop — price prediction weighs technical support

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Sui Drops 7.86% Today on Selloff

Highlights

Sui (SUI) fell 7.86% to $3.3494, trading below the MA-20 and MA-50 but remaining above the MA-200 at $3.1865, sustaining long-term support.
Despite Sui’s 7.49% pullback after its September 18 Robinhood listing and $50 million buyback, TVL surged 3,285% year over year to $900 million, indicating robust institutional demand.
SUI is expected to consolidate between $3.2225 and $3.2404 over the next five days, with over 80% probability of a price recovery barring a breach of $3.2225 support.

Technical pullback follows buyback boost and ecosystem growth

Sui’s recent 7.49% price pullback follows its spot listing on Robinhood on September 18 and the launch of a $50 million token buyback program by the Sui Foundation on September 19. Although these developments initially fueled a rally, the latest decline appears to be a technical correction. The blockchain’s TVL has surged 3,285% year over year to $900 million, highlighting robust ecosystem growth and increasing institutional demand for SUI.

Structural bullish signals persist despite mixed momentum and volatility

From a technical viewpoint, SUI is finding dynamic support near the Ichimoku Kijun at $3.5433, while the MA-50 at $3.5818 acts as the next significant resistance. Daily momentum indicators are mixed: the D1 MACD remains in strong buy territory, but the ADX at 14.16 signals weak, directionless momentum. The RSI at 57.4 indicates mild bullishness, while the Stoch RSI and CCI show no distinct overbought or oversold levels. BBP is neutral, reflecting an indecisive tug of war between buyers and sellers. SUI is currently trading close to today’s low, suggesting high intraday volatility and persistent pressure after the open. Notably, momentum divergence persists as overall signals remain bullish, even as the short-term trend points lower.

High recovery odds as price stabilizes despite downside risk

Over the next five trading days, SUI is expected to consolidate sideways, likely ranging between $3.2225 and $3.2404. There is a very high probability (over 80%) of a price recovery, while further declines are considered less likely. In the baseline scenario, SUI stabilizes within this corridor, with a potential breakout above the $3.5818 resistance reviving a move toward the MA-50 region. However, if bearish momentum strengthens and support at $3.2225 is breached, deeper downside risks could emerge despite the asset’s longer-term bullish bias.

Viktoras Karapetjanc, analyst at Traders Union, views Sui’s recent volatility as a healthy technical correction within a broader bullish framework. He highlights that robust fundamentals—such as surging TVL and institutional engagement following Robinhood’s listing and the Foundation’s buyback—continue to underpin investor confidence despite short-term pressures. Karapetjanc sees the current consolidation as a constructive pause, with both sentiment and underlying growth supporting the potential for recovery. "In my view, the fundamentals remain compelling, and I expect SUI to regain upward momentum as long as support near $3.22 holds."

Previously, it was noted that Sui Network attracted institutional interest and became a launch partner for Google's new AI payments protocol. The prior update also observed a period characterized by mixed momentum as intraday pressure builds with expectations for consolidation.

Source of Data: SUI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.