SUI's price is consolidating around $1.62, showing signs of a short-term rebound as technical indicators such as the RSI have risen above 45. While the price remains within an overall downtrend below the Ichimoku cloud, selling pressure appears to be easing. A break above the current descending wedge resistance level could signal a rally. Meanwhile, broader DeFi data shows that DEX trading volume increased in early 2026, while total locked value stabilized, indicating that funds are rotating within the ecosystem.