Sui [$SUI] has been stuck in a downtrend in the higher time horizon. It made an all-time high at $5.35 in January 2025. Three months later, the move had corrected by 68%, and by November 2025, the downtrend was officially confirmed.
The Sui crypto price is down 87.3% from its all-time high. Since June 6, the altcoin has hovered around the $0.67-$0.77 area on the price charts.
Is this consolidation phase a good time to buy the Layer 1 token, or should investors wait for another sell-off?
Clues from the long-term $SUI crypto price trend
On the face of things, a two-month consolidation phase around $0.70 appeared to signal a good buying opportunity. At the same time, Bitcoin [BTC] stubbornly clung to the $60k psychological support area.
This could be a market bottom, but it is too early to be certain. What is certain is the bearish swing structure of $SUI.
The consolidation phase is clear, and so is the bearish swing structure. The $0.833 supply zone is the 23.6% retracement phase, a good distance away from the golden pocket at $1.12-$1.25.
The OBV has been flat for over a month, and the RSI has struggled to cross over above neutral 50. This meant weak buying pressure and a lack of sustained upward momentum.
In recent days, the Stochastic RSI has formed a bearish crossover, signaling further drawdown is possible.
From February to early May, too, the Sui crypto price action appeared to be in a consolidation phase. A strong bullish breakout on high volume reached $1.42, which was sold off in the following weeks.
It is possible that another such bullish surge, followed by severe selling, could occur in the coming weeks.
Traders’ call to action- Pay attention to the magnetic zones
The lack of buying pressure meant that a drop to new lows below $0.65 is possible. This is also an area of considerable long liquidations, making it an attractive target for the Sui crypto price to sweep.
Overhead, the $0.78 area was another notable liquidity cluster. It coincides with the local supply zone, too.
Swing traders should beware of a surprise rally higher, but as things stand, a bounce toward $0.80 would offer a selling opportunity, as would a breakdown below $0.64.
Final Summary
- The Sui crypto price action has had a bearish swing structure since November 2025.
- The token’s extended consolidation phase was similar to the one it saw from February to early May that was broken by a strong price rally.