By Afe Funbi
Key highlights:
- SUI is holding above $1.14, with $1.30 emerging as the next major resistance level
- SUI remains above its daily and 4-hour 100-period SMAs despite weaker short-term momentum
- SUI’s market cap has fallen to $4.63 billion as the token trades about 79% below its estimated all-time high
The SUI price traded between $1.1264 and $1.1468 during its last session, with volume at about 7.87 million. The bigger picture still looks constructive.
Sui and Google Cloud introduced Verifiable Agent Arbiter, which is designed to help enterprises verify that AI agents acted with the required authorization. Sui and Walrus provide the infrastructure for anchoring those proofs.
AI agents are also using programmable tunnels to make payments, communicate and interact off-chain before settling transactions on Sui. Alibaba Cloud is working with Sui to make its cloud services available through Sui Agent Payments.
These developments give the network more use cases across AI, payments, security and enterprise applications. For the SUI price, the important question is whether this growing activity can translate into sustained network usage and demand.
Where could the SUI price go next?
The SUI price has two immediate levels to watch. On the downside, $1.1367 is the first technical support, followed by $1.00 and $0.8079. On the upside, $1.30 is the main hurdle. A break above it would put $1.40 and $1.60 into view, with $2.4474 becoming the next major daily Fibonacci level.
SUI has already recovered about 81% from the $0.6332 low, but it remains roughly 79% below its estimated all-time high. That leaves the token with plenty of technical levels between its current price and its previous peak.
For now, the SUI price is holding above its key moving averages, but $1.30 remains the level that could determine whether the recovery has room to continue. CoinCodex’s 1-month SUI price prediction puts the price at $0.8392, implying that analysts expect the price to trade below current levels over the coming weeks.
Source:: SUI Price Prediction: SUI’s Comeback Hits a Wall at $1.30