Sui is trading at $2.82 at press time, up 3.6% over the past 24 hours, signaling a potential recovery following a volatile week. Over the last seven days, the token has fluctuated between $2.45 and $3.56, gaining 3.4% during this period and 24% over the past month. Despite this rebound, Sui remains 47% below its January all-time high of $5.35.
Trading activity has cooled slightly. Daily volume stands at $1.78 billion, down nearly 29% from the previous day. CoinGlass derivatives data shows that Sui’s futures volume dropped 22.9% to $3.92 billion, while open interest rose 5.8% to $875.98 million. This combination often indicates that traders are quietly opening new positions, suggesting growing anticipation rather than panic.
Stablecoin Growth Supports Sui Fundamentals
Sui’s recent price stability aligns with improving ecosystem liquidity. Data from DeFiLlama shows that the market capitalization of the network’s stablecoins jumped 19% over the past week, now totaling $1.1 billion. This growth points to increased confidence in Sui’s decentralized finance ecosystem and a greater demand for on-chain liquidity.
Furthermore, on Oct. 9, the network’s total value locked (TVL) reached a new all-time high of $2.63 billion. The past week also saw record decentralized exchange trading volumes, rising to $7.92 billion from $4.8 billion the previous week. Collectively, these metrics suggest stronger engagement from both institutional and retail participants.
A significant development occurred on Oct. 14, when Sui partnered with Figure Technology Solutions to bring YLDS, a yield-bearing and SEC-registered stablecoin, onto the network. Backed by short-term U.S. Treasuries and repurchase agreements, this marks YLDS’s first expansion beyond its native Provenance blockchain.
The integration enables users to convert assets like USDC into yield-generating tokens via DeepBook, Sui’s decentralized trading platform.
Looking ahead, Sui’s roadmap includes the launch of two native stablecoins, suiUSDe and USDi, expected by the end of 2025. Developed in collaboration with SUIG, Ethena Labs, and the Sui Foundation, these assets will leverage Ethena’s infrastructure and BlackRock’s tokenized money market fund.
Sui Price Technical Analysis
After a prolonged decline, SUI’s daily chart shows early signs of stabilization. The Relative Strength Index (RSI) sits near 39, approaching oversold territory. Short-term momentum has turned positive, hinting at potential accumulation. However, the MACD remains in negative territory, indicating that bearish pressure may still persist.
SUI Price Faces Key Resistance Levels
Moving averages continue to signal resistance above current prices. The 10-day EMA sits at $3.00, while the 20-day EMA is near $3.16—both critical levels that bulls need to reclaim for a broader recovery. On a longer-term horizon, the 200-day SMA at $3.29 remains a significant resistance point.
If SUI maintains support above $2.60, buyers could attempt another push toward the $3.10–$3.20 range. A successful break above $3.35 may pave the way for a move toward $3.80, while a drop below $2.45 could trigger a retest of support near $2.20.
