Sui Price News: Buy Signals Pile Up as SUI Hits $1

Sui (SUI) is showing some signs of life after hitting the $1 threshold once again for the first time since mid-March. Can this be the beginning of a strong recovery?

The token has accumulated a 7% gain in the past 7 days, as market sentiment has improved significantly compared to a month ago.

Meanwhile, trading volumes climbed by 42% in the past 24 hours, currently accounting for 15% of the token’s circulating market cap.

Lower oil prices have contributed to the crypto market’s latest recovery, as investors perceive it as an improvement in macroeconomic conditions.

Although analysts no longer expect a rate cut in 2026, if the war in Iran is over soon, as President Donald Trump seems to expect, this could set the stage for the continuation of this recent rally.

In this regard, the Crypto Fear and Greed Index has recently jumped from a record low of 5 around two months ago to 56 at the time of writing. We have emphasized that this kind of recovery in the past has often marked the end of bearish cycles.

Bullish Momentum Gains Traction But On-Chain Data Shows Weak Interest

Although it is still too early to tell if prices have already hit bottom, the signs are there that the market is ready to flip the table and, at least, aim for a retest of its long-term price averages.

For Sui, this could mean a rally toward $1.50, which is where the 200-day exponential moving average (EMA) currently sits. This would mean a 50% upside potential in the near term.

The Relative Strength Index (RSI) in the daily chart is already getting near 60, which is the key threshold to watch for a “buy” signal. If this momentum oscillator rises past this mark, that would mean that bulls are in control of the price action.

A break above $1.10 is what the market needs to flush out bears and prompt a squeeze at this point.

That said, fundamental analysis still does not see any signs of bullish activity. On-chain data for the Sui network shows that transaction volumes within the network are still far from the levels we saw back when SUI traded for $3.6 or so.

Weekly transactions have declined by 25% compared to the levels seen back then, while trading volumes have shrunk by 81% compared to July 2025, indicating weak interest from buyers.

Daily Buy Signals Could be an Early Sign of an Imminent Breakout

The daily chart also shows that two consecutive buy signals have popped up. The first one was quite interesting as it came after SUI bounced off a key support. Now, the second one was spotted after it hit $1.

Whenever these signals show up at key levels, it confirms their relevance from a technical standpoint, as order volumes at those price areas are high.

If the price breaks above $1.1, that should create space for an interest swing trade, offering a 5.5x risk-reward ratio if the target is set at $1.50 and the stop price at around $0.96 to give the market some room for a pullback.