SUI pulls back to $1.02 after touching $1.04, while traders monitor $1.05 amid $50M in stablecoin dry powder.
SUI pulled back to $1.02 after touching $1.04, as traders watched the $1.05 level for a possible breakout.
Market focus has moved toward this price zone, where reports point to $50 million in stablecoin capital waiting for deployment.
SUI Tests Key Level Near $1.05
SUI traded near $1.02 after reaching $1.04 during the latest market session. The token stayed close to $1.05, which traders are watching as a breakout point.
Market analyst cited $1.05 as an area linked to fresh stablecoin demand. Reports said about $50 million in stablecoin dry powder may begin deploying near that level.
$SUI is getting close to a major milestone, touching $1.04 yesterday before pulling back to $1.02 🚀
We’re watching the $1.05 line closely, as it’s where 50M in stablecoin dry powder starts deploying, and the spot price has already jumped 8.5% since CME @CMEGroup
This could… https://t.co/1EthUQYRhB pic.twitter.com/ymWlkBglfV
— Sui Community💧 (@Community_Sui) May 7, 2026
The spot price has already risen 8.5% since the CME-related update cited by traders. That move has added attention to the SUI price chart.
A clean move above $1.05 could support short-term buying interest. However, traders are still watching whether volume follows the move.
SUI Price Structure and Key Levels
The daily SUI/USDT chart shows a wider correction from the 2025 peak zone. SUI previously rallied from $0.6439 to $4.2971 before entering a longer pullback.
The token is now trading below the main Fibonacci retracement levels shown on the chart. This signals that the wider market structure remains weak.
SUI lost the $1.4257 Fibonacci level during the decline. That level matches the 0.786 retracement and had acted as support before the breakdown.
The nearest support sits between $0.90 and $0.95. A deeper decline could bring the price back toward $0.6439.
On the upside, $1.05 is the first level being watched by traders. The stronger resistance remains near $1.4257.
A daily close above $1.4257 could improve the chart structure. Further resistance appears near $2.0394, followed by $2.4705 and $2.9015.
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SUI Price Setup Points to Breakout as Bulls Target a Fresh Upward Trend
MACD and RSI Show Mild Recovery
The MACD remains slightly positive on the daily chart. The MACD line is near 0.0062, while the signal line is near 0.0048.
The histogram is close to 0.0014, which shows limited bullish momentum. This suggests selling pressure has eased, but confirmation remains absent.
The RSI is near 55.85, while its moving average sits near 50.29. This shows mild buying strength, and the token is not overbought.
Holding above 50 on the RSI may support a recovery attempt. A move below 50 would weaken the short-term setup.
For now, SUI remains near a watched breakout area. Traders are focused on $1.05, $1.4257, and $0.90 for direction.