$SUI just broke below $1.00.

Not a wick. A daily close.
This is a level worth paying attention to because of what it was before.
The $1.00 zone was support during the entire 2024 base before SUI ran to $4.00.
On the way down it flipped to resistance. Today price is sitting below it at $0.91 with 28.65 million SUI traded on the daily.
The chart is telling a clear story right now.
The MACD just crossed bullish on the daily. Barely. The histogram is positive but thin. This is the earliest possible signal of a momentum shift, not confirmation of one.
RSI fast line is at 49. Still below 50. The slow line is at 37. Deeply in bearish territory. No regime change has happened yet.
For context on the full damage. SUI peaked near $4.00 in early 2025. It is now trading at $0.91. That is a 77% drawdown from the top.
The March 2026 bounce to $1.50 was rejected. Every higher low attempt has failed.
Two scenarios from here.
If buyers defend $0.90 and MACD continues to expand, the first real target on a recovery is $1.00 reclaimed as support. Then $1.20. RSI reclaiming 50 on the daily would be the confirmation signal to watch.
If $0.90 breaks on volume, the next meaningful support is in the $0.65 to $0.70 range. There is not much structure between here and there.
The MACD cross gives bulls something to point at.
The RSI and the price structure tell a more honest story.
$SUI is not confirmed bullish. It is at a decision point with the weight of a 77% downtrend behind it.
Watch the weekly close.