Sui Price Prediction: SUI Eyes a Rebound to $1.60 Amid Coinbase Listing for New York Users
Highlights:
- Sui price drops 1.65% to $1.37 mark, as the crypto market attempts recovery.
- Coinbase lists SUI for New York residents, expanding its access.
- Sui’s technical outlook suggests a potential rebound to $1.60 if current levels are sustained.
The Sui price remains in the red zone, down 1.65% to trade at $1.35, as the crypto market attempts a recovery. Meanwhile, Coinbase has expanded its access, bringing the promising layer-1 blockchain, SUI, to New York users. The move will increase access to the layer-1 blockchain, which has fast and efficient decentralized applications using an object-centric model.
New York residents can now access Sui on @coinbase. https://t.co/nLK5HQWXGf
— Sui (@SuiNetwork) December 1, 2025
The NYS Department of Financial Services is the licensor of the Coinbase exchange. With this integration, more New York users will be able to contribute to the development of the new SUI ecosystem.
Nevertheless, Sui’s focus on the decentralized finance (DeFi) sector has been low, as the total value locked (TVL) has continued to decline. According to DefiLlama, the notional value of all assets staked on the protocol has fallen by 5% to $837.93 million in the past 24 hours. This means that there is a tendency for the entire cryptocurrency market to exhibit a risk-off reaction.
There has been a pullout of assets in staking protocols. This suggests that traders are less confident in the token and its potential to establish a robust ecosystem. Meanwhile, retail demand for Sui has been significantly reduced since mid-October. On Tuesday, the Open Interest (OI) in futures dropped to around $660 million from $730 million the previous day. The OI, however, needs to increase slowly, allowing Sui to rebound.
Sui Price Poised for a Rebound to $1.60
The 1-day SUI/USD chart shows a falling parallel channel, within which the SUI price is trading. This setup suggests a potential reversal after a dip from its recent peak of $3.69.
The 50-day Simple Moving Average (SMA) and the 200-day SMA at $2.03 and $3.07, respectively, are cushioning the bulls against any further upside. Zooming into the indicators, the Relative Strength Index (RSI) at 30.27 is flirting with oversold territory but hasn’t crossed into danger yet, which shows there is room to run if momentum increases.
Looking at the bigger picture, the Sui price is attempting to rebound towards $2.03 resistance, within the descending channel. Now, with the recent Coinbase listing for New York users, it could open the door for investors to enter the SUI market. This could potentially lead to a rebound towards $1.60 soon. According to popular analyst Ali Martinez, if the current level holds in the SUI price, a strong recovery to $1.60 could be plausible.
If this level holds, $SUI could quickly revisit $1.60. pic.twitter.com/CRRebZt8NC
— Ali (@ali_charts) December 2, 2025
If it breaks above that point, the next stop might be $2.03 to $2.25. However, if the bears continue the downtrend, there could be a slide back to $1.28. In the short term, traders can expect a bounce to $1.60 resistance within the next few days, if the bulls build stamina, fueled by dip-buying FOMO. However, if Bitcoin and the market hold steady in the long term, Sui could ride the wave to $3 by the end of December.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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