SUI extends rebound above $1 as protocol upgrades support $1.50 target

  • SUI rose nearly 18% to about $1.08 and is attempting to confirm a breakout above its former consolidation resistance.
  • SUI gained roughly 44% over the week as volume and derivatives open interest increased, with $0.9725 support and $0.9542 the key downside level.
  • Sui now supports protocol-level gasless stablecoin transfers, while confidential transfers are expected this month and Mysten Labs has teased an undisclosed finance product.

SUI surged nearly 18% to about $1.08 on Monday, extending a rebound from $0.67 and breaking above its former consolidation resistance near $0.85 as Bitcoin topped $85,000 and Layer-1 tokens strengthened. CoinMarketCap later showed SUI near $1.05, up approximately 6% in 24 hours and 44% over the week, while volume and derivatives open interest increased. The token is now attempting to confirm the breakout: $0.9725 is the key support, a break below $0.9542 could return it to the former range, and crypto analyst Ted identified $1.50 as the next major objective after a nine-month downtrend break, with intermediate resistance near $1.0370, $1.1637 and $1.38. Sui has also enabled protocol-level gasless stablecoin transfers, with confidential transfers expected this month to hide transaction amounts while preserving verifiable settlement. Mysten Labs separately teased an undisclosed finance-focused product ahead of Sui Basecamp 2026, while Walrus Protocol joined the event as a Diamond-tier sponsor. Momentum weakened after the move toward $1.08, and rising leverage leaves the rally exposed to liquidations if support fails.

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