SUI, the native token of the Layer 1 blockchain Sui, has climbed 58% from the level tracked by analyst CryptoBullet, carrying the price into the May high resistance zone near $1.30–$1.40. Analyst Michael van de Poppe also pointed to rising momentum, citing gasless stablecoin transfers and confidential payments as recent SUI network developments. On the 4-hour chart, SUI is changing hands near $1.1642 after rising from $0.68 on Sept. 16.

CryptoBullet: SUI Approaches May High Resistance

In a post on X, CryptoBullet said SUI is approaching the May high between $1.30 and $1.40, a level last touched in May. He identified that area as significant resistance following the latest 58% advance and noted that a correction could follow a move into the zone. He suggested watching for a dip once the resistance area is reached. Prior highs serve as reference points in technical analysis because they mark price zones where selling pressure previously emerged, which is why the May peak carries weight as a resistance marker.

Meanwhile, SUI has moved sharply above $1.00 and $1.10 on the 4-hour chart, with the price recently reaching about $1.17 before easing slightly.

Van de Poppe Highlights Network Developments

Van de Poppe connected SUI's recent momentum to developments around its network. He highlighted gasless stablecoin transfers as a key feature, saying that removing transaction fees could support transfers involving both humans and AI agents. He also cited the protocol's ability to process a high volume of transactions. Fee design and throughput are standard comparison points for Layer 1 networks, the tier of blockchains where Sui sits.

The SUI team is additionally adding confidential payments this month, a step van de Poppe said adds another component to the network's use case. He further noted that SUI has gained 40% against Bitcoin since its low, citing a higher-timeframe bullish divergence while describing the asset as significantly undervalued.

SUI Holds $1.10 as Momentum Stays Elevated

The 4-hour chart (TradingView) places immediate support around $1.10, followed by $1.00 and $0.95. Resistance sits near $1.18, with $1.20 above that level. SUI's latest candle opened at $1.1691, reached $1.1761 and fell to $1.1507, with current volume near 9.77 million SUI.

Momentum indicators remain elevated. The relative strength index (RSI) reads 69.31, above its 64.16 moving average, though its proximity to 70 leaves room for consolidation or a pullback. The MACD line stands at 0.0582 against a signal line of 0.0445, with the histogram positive at 0.0137. Readings near 70 sit at the conventional overbought threshold, while a positive histogram is typically read as a sign that bullish momentum is still building.

The chart identifies $1.18–$1.20 as the next resistance area. Conversely, losing $1.10 could expose $1.00 and deeper support near $0.95. Above those near-term levels, the $1.30–$1.40 May high zone remains the marker CryptoBullet flagged, and the confidential payments feature the SUI team is adding this month provides a near-term network milestone to track alongside the price action.

Source: Cryptofrontnews