SUI is currently trading near $1.09, as investors closely monitor whether the token can challenge the short-term resistance at $1.20. While SUI has shown signs of price recovery in recent days, it still remains a long way off from its previous highs in the $4.50 to $5.00 range.
Consolidation above key support levels
The token has rebounded from recent lows near $0.90. Daily charts indicate buyers have established a solid defensive zone in the $0.90 to $1.00 area, suggesting ongoing support at this crucial range.
According to on-screen data from CryptoAppsy, SUI is hovering around the $1.09 mark. If daily closes can secure a move above $1.10, there is potential for a rally toward $1.20 and subsequently $1.25. However, renewed selling pressure may emerge near these levels.
Should buying momentum increase, targets at $1.40 and $1.50 could become realistic in the near term. On the downside, dropping below $1.00 could see SUI revisiting $0.90, with deeper corrections possibly dragging prices toward the $0.75 to $0.80 zone.
Stablecoin volume and network revenue in focus
On-chain analysis reveals the network’s total value locked (TVL) has declined from the previous figure of $2 billion to $500 million. In contrast, stablecoin holdings and total revenue generated on the network have held steady.
Analyst Michaël van de Poppe described the roughly $500 million in stablecoins within the SUI ecosystem as a positive metric for the market. He noted that aggregate stablecoin transfers surpassed $1 trillion in March, reflecting sustained interest from new users. The network’s revenue generation, notably, has continued uninterrupted since launch.
Although TVL on the SUI network has dipped somewhat, the stablecoin base and network revenues remain robust. There has been no significant fund outflow from the platform, making the latest drop more about asset repricing than capital flight.
Glossary: TVL (Total Value Locked) refers to the aggregate amount of assets locked by users in a blockchain network or protocol. High TVL is generally seen as an indicator of user trust and continued engagement with the platform.
Some market observers believe the recent price weakness is more a matter of valuation dynamics than investors exiting. Lower activity levels are largely attributed to broader market softness rather than network-specific decline.
| Parameter | Previous | Current |
|---|---|---|
| Price (USD) | 4.50-5.00 | 1.09 |
| TVL (USD) | 2 billion | 500 million |
| Stablecoin Value (USD) | – | 500 million |
Institutions show ongoing interest, technicals improve
On the institutional front, a major development was the announcement that a SUI-based spot ETP product will hit the market in February 2026. Additionally, SUI futures began trading on CME, making SUI the fourth major Layer 1 blockchain on the platform after Bitcoin, Ethereum, and Solana.
Several US-based investment firms, including Grayscale, Canary Capital, and 21Shares, have also filed for SUI-focused staking ETFs. Meanwhile, 108.7 million tokens have been staked from the SUIG treasury on the network, and Stripe has introduced a new USDsui payment solution. The network also saw Hashi provide multi-institutional native Bitcoin collateral and the Mysticeti upgrade, which quadrupled the number of checkpoint confirmations per second.
From a technical standpoint, the MACD indicator is giving early positive signals, while the RSI is measured at 54, with an average around 62. These figures suggest buyers are regaining short-term control, but higher trading volumes are still needed for a sustainable rally.
