- SUI breaks a nine-month downtrend after clearing resistance around $0.85.
- Buyers must defend $0.9725 to maintain the current bullish price structure.
- New gasless and confidential stablecoin features add fresh utility to Sui Network.
Sui Network — SUI, has pushed beyond a resistance zone that contained price for several months. Buyers now face a crucial test above $0.9725. The level previously marked the upper edge of SUI’s trading range. Holding above that barrier could strengthen the recent recovery. Meanwhile, new stablecoin features add another layer to the Sui story.
SUI Breakout Puts Key Resistance Levels in Focus
SUI recently moved beyond a smaller falling wedge formation. The token also cleared resistance around $0.85 during the advance. Before that move, SUI traded near $0.82. The latest structure shows a sequence of higher highs and higher lows. Such price action suggests buyers have gained more control during the recovery. SUI now needs to defend $0.9725. This level previously marked the upper boundary of the trading range.
A sustained hold above $0.9725 could support further upside. A drop below $0.9542 would weaken the current setup. Such a move could send SUI back toward the previous range. The next upside level from the supplied analysis sits near $1.0370. Above that area, traders could watch $1.1637 and $1.38. Ted has highlighted $1.50 as another major level. However, SUI must clear several nearer resistance zones first.
Earlier analysis identified $1.10 and $1.35 as potential targets. Those projections followed the earlier breakout above $0.85. Trading activity also increased around the previous breakout. Binance led activity, followed by OKX and Upbit. Exchange flows showed positioning from both buyers and sellers. Therefore, market participants had not established one dominant direction.
New Stablecoin Features Add Another Catalyst
Sui Network has also introduced important changes beyond the price chart. Gasless stablecoin transfers now operate at the protocol level, according to analyst Ted. The development could reduce friction for users moving stablecoins across the network. Lower transaction barriers may also support broader stablecoin usage. Ted also expects confidential transfers to arrive during September.
The feature aims to keep transaction amounts private while preserving verifiable settlement. These developments give SUI another fundamental theme alongside the technical breakout. Traders can now monitor network upgrades and price structure together. The Sui ecosystem continues expanding through new infrastructure projects as well. Walrus Protocol recently joined Sui Basecamp as a Diamond sponsor.
Walrus focuses on portable, protected, and verifiable data infrastructure. Former Meta engineers connected with Sui helped create the project. The combination of improving price action and network development keeps SUI under close watch. Still, the $0.9725 level remains the immediate technical checkpoint. A firm hold above that area could keep the higher-high structure intact.
