TLDR
- SUI currently hovers near $0.69, down approximately 68% from its $2.10 all-time high in late 2025
- Critical resistance zone sits between $0.72 and $0.75; successful breakout may drive prices toward $0.83
- CMF remains negative and RSI trades below 50, indicating no confirmed bullish trend reversal
- Crypto analyst Michaƫl van de Poppe identified bullish MACD divergences across daily, 3-day, and weekly timeframes
- The network is implementing two NIST-approved quantum-resistant cryptographic schemes, with mainnet vault deployment expected later this year
Sui (SUI) is currently changing hands around $0.69 following an extended downtrend from its late 2025 high near $2.10. This represents an approximate 68% drawdown over recent months.
The digital asset established a support floor around $0.65 and has since mounted a tentative recovery attempt. Despite this, the overarching trend continues to lean bearish, with price action remaining beneath both primary moving averages on the 3-day timeframe.
The key near-term resistance sits within the $0.72ā$0.75 corridor, where a descending trendline presently restricts upward movement. For bulls to establish genuine momentum, a decisive and sustained breach above this zone is essential.
Should this breakout materialize with accompanying volume strength, the subsequent price objective stands at $0.83 ā representing approximately 20% upside from present levels. Some market participants are also eyeing $0.85, which would constitute roughly 23% gains.
From a technical standpoint, the RSI currently registers around 44, remaining beneath the 50 threshold that typically indicates strengthening bullish momentum. The Chaikin Money Flow (CMF) reads approximately -0.09, reflecting subdued capital inflows. Neither indicator has yet confirmed a trend reversal.
Analysts Highlight MACD Divergence as Bullish Signal
Crypto analyst Michaƫl van de Poppe drew attention to bullish divergences appearing across daily, 3-day, and weekly charts. Examining the 3-day timeframe, SUI established a lower low, declining from roughly $0.80 to $0.68, while simultaneously the MACD indicator printed a higher low. Van de Poppe characterized this zone as compelling for establishing long positions.
I’ve tweeted about $SUI yesterday, however:
This is a chart that symbolizes the start of the bull cycle and a new uptrend.
Daily timeframe: massive bullish divergences.
3-Day timeframe: same.
Weekly timeframe: same.Good area to long $SUI. pic.twitter.com/J6gw4sPnp5
ā MichaĆ«l van de Poppe (@CryptoMichNL) August 8, 2026
Trading activity throughout the past two months has diminished significantly compared to volumes witnessed during the initial sell-off phase. Reduced volume near potential bottoms can occasionally suggest waning selling pressure, though this alone doesn’t guarantee reversal.
The $0.80 threshold represents a critical level worth monitoring on extended timeframes. A solid 3-day candle close above $0.80 accompanied by increasing volume would confirm the beginning of a fresh uptrend. Following such a move, the $1.00ā$1.20 zone emerges as the subsequent area of focus.
Conversely, $0.60 serves as the pivotal support level. A breakdown below this mark would probably negate the present divergence pattern and potentially expose the $0.40ā$0.50 range.
Sui Advances Toward Quantum-Resistant Infrastructure
From a network development perspective, Sui announced it is incorporating two NIST-approved quantum-resistant cryptographic signature schemes. One implementation focuses on standard user accounts, while the other addresses high-value Move vaults.
Current users will have the capability to upgrade utilizing their existing recovery phrase, maintaining identical addresses and holdings without requiring asset migration. Quantum-safe vault deployment on mainnet is scheduled for later in 2026, with native quantum-resistant accounts planned for rollout in 2027.
I think I’m not bullish enough on $SUI, yet. https://t.co/VqmOvkAab4
ā MichaĆ«l van de Poppe (@CryptoMichNL) August 9, 2026
Regarding on-chain activity, the SUI Foundation’s token buyback program has intensified. Analyst ToreroRomero observed that Foundation buybacks achieved their second-largest single-day volume, with 9,000 SUI acquired on August 8.
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