Sui (SUI), the emerging, next-generation blockchain, has quickly established itself as a formidable competitor to established platforms like Solana and Ethereum by leveraging its unique architecture, high transaction processing speed, and remarkably low operational costs. On November 13, 2025, the SUIUSD chart displayed a pattern that has particularly captured the attention of traders. The daily candle's opening price was recorded at approximately 1.98 GMT, but the price is currently fluctuating and stabilizing near 1.97 this minor dip, following a series of recent powerful rallies, functions precisely like a decisive test of a key support level. The central question for market participants is: Is the 1.97 level a solid and sustainable price floor poised to initiate the next major move, or is it merely a prelude to a deeper decline towards 1.80? Having closely tracked SUI since its initial launch, I strongly sense that the rebound potential at this juncture is exceptionally strong, especially given the explosive growth of the Decentralized Finance (DeFi) ecosystem and the consistent increase in Total Value Locked (TVL) on the Sui network. For a comprehensive evaluation, we begin the analysis from the macro perspective, focusing on the weekly timeframe. In this period, SUI has successfully and significantly stabilized its position above the 200-week Moving Average (MA 200), which is situated around 1.70. Maintaining the price above the MA 200 is a powerful, long-term bullish signal, indicating that the primary price trend remains firmly entrenched in the upward phase. However, the price is currently positioned below the 50-week Moving Average (MA 50) at 2.10, a setup that issues a short-term caution warning for active traders. The daily trading volume, recorded at approximately 450 million, demonstrates strong institutional interest in this nascent project and acceptable liquidity. On the daily chart, a classic and bullish pattern resembling a Double Bottom has formed at the 1.97 level; this pattern, characterized by two consecutive lows, is technically interpreted as a definitive signal for a Bullish Reversal and the commencement of a new upward movement. While analysts acknowledge the risks stemming from Token Unlocks that introduce momentary inflation, they cite the accelerating TVL growth and developer adoption as the critical positive fundamental factors determining SUI's future. Accurate scrutiny of key support and resistance levels is essential for trading strategies. SUI's first immediate and crucial support is the 1.97 level. This level not only forms the base of the Double Bottom pattern but also functions as a strong Demand Zone, with multiple candles in this area indicating robust absorption by buyers. Below this support, the next critical level is 1.90. 1.90 is technically significant because it represents the 50% Fibonacci Retracement level from the last major upward wave. Should this level be decisively broken with high volume, there is a risk of a deeper correction towards 1.80 and subsequently down to the weekly MA 200 at 1.70, where 1.70 serves as the bulls' final defensive line to preserve the long-term bullish structure. On the resistance front, the immediate and crucial hurdle is located at 2.10; this level is not only the recent price high but also constitutes the Neckline of the Double Bottom pattern. A decisive breakout and price consolidation above 2.10 will unequivocally confirm the reversal pattern and activate the price target based on the height of the Double Bottom. The initial target following the 2.10 break is 2.20, which is a short-term objective based on Pivot Points. A high-momentum breakout at 2.10 clears the path toward the measured move target of the Double Bottom pattern, situated around 2.25 to 2.30. The long-term and highly aggressive target remains 20, which is predicated on the future vision of the ecosystem, its scalability, and the expected influx of institutional investors in the next bull run phase. Technical indicators further confirm this reversal potential. The 14-period Relative Strength Index (RSI) stands at 44. This position is clearly near the Oversold zone and acts as an early buy signal for traders looking to enter at a potential low point. An RSI below 50 indicates that the recent downward momentum is losing steam, leaving significant room for a strong rally. The Moving Average Convergence Divergence (MACD) is currently in a neutral state, but an imminent Bullish Crossover between the MACD line and the signal line is forming. This crossover signals a momentum shift from a bearish phase to a bullish phase after a period of selling pressure. The appearance of a bullish Hammer candle at the $1.97 support level provides a definitive visual confirmation of the rejection of lower prices by buyers and a strong potential for a short-term trend reversal. From a Fundamental perspective, SUI distinguishes itself through the use of the Move programming language (shared with Aptos) and its Parallel Execution Architecture. Its object-centric architecture allows for the simultaneous processing of transactions, which directly translates to high speed and low fees this advantage makes SUI an ideal platform for gaming and scalable applications. The remarkable growth in Total Value Locked (TVL), indicating increasing confidence in its DeFi ecosystem, is a vital positive fundamental factor. Conversely, traders must factor in the risk from the Token Unlock schedules, which can introduce substantial selling pressure to the market at specified intervals. However, given the high rate of adoption, technical potential, and strong backing from venture capitalists, the current price correction is largely viewed as a strategic accumulation phase. For active and short-term traders, the strategy must be based on confirming the reversal. It is advisable to consider a long position entry at the 1.97 support level (Double Bottom), confirmed by the Hammer candle, targeting the initial objective of 2.10 (Neckline) and the final target of 2.20. The Stop Loss must be strictly placed precisely below 1.90 (50% Fib) or even tightly below 1.97 to minimize risk. In the alternative scenario, if 1.90 is broken with high volume, a short-term short position down to $1.80 is a possibility. Risk management is non-negotiable for this project, which carries both high growth potential and high inflationary risk. Sui is a highly promising project, and the intelligent use of these technical levels is key to guiding profitable decisions in this market.