SUI Wave 2 Correction Deepens as Support Holds at $0.815

SUI trades near $0.90 as wave 2 correction deepens, with main support at $0.815 and a fragile range that could push toward $0.60 if broken.

Rich by Coin

2026-03-09

SUI hovers near $0.90 as wave 2 correction deepens. Key support at $0.815 now defines the near-term outlook for the altcoin. SUI is trading at $0.9002 at the time of writing. The token is up 1.11% over one hour but down 0.88% in the last 24 hours, and further down 1.25% over seven days.

Market cap sits at $3.51 billion, according to CoinMarketCap. The broader structure remains under pressure. Price has stayed locked inside a sideways range, and that has not changed much for the past week. According to @Morecryptoonl on X, the probability has gone up that wave 2 is still developing within the current structure.

The account pointed to a main support zone sitting between $0.815 and $0.837. That zone, they said, continues to define where this range could hold or fall apart. A tighter micro support area sits between $0.85 and $0.899. The upper boundary of that zone is currently being tested.

@Morecryptoonl noted that the market would need to show a reaction from this region in the coming days for the base scenario to hold. If it doesn’t stabilise here, the structure points to circle wave B still unfolding. A confirmed close below $0.85 would shift the picture significantly. As @Morecryptoonl posted on X, that kind of break would raise the probability of the decline running further, opening the door toward the $0.60 region as the corrective phase continues.

That’s a roughly 33% drop from current price levels. Token unlock pressure has added weight to the sell side.

SUI is dealing with both at once. SUI is not in freefall. It’s range-bound.

But that range has an uncomfortably low floor, and the micro support that currently acts as a buffer is already being tested. The white scenario, as described by @Morecryptoonl, stays valid only if the price reacts positively from the $0.85 to $0.899 zone. Failure there pulls the next significant support all the way down to $0.815. Below that, the $0.60 target becomes the active projection. Altcoin markets broadly remain fragile.

Bitcoin dominance has kept many tokens in check across Q1 2026. The near-term clock is ticking. A reaction, or the absence of one, over the next few sessions will clarify whether SUI holds this structure or breaks toward lower ground.