Sui (SUI) is trading around $0.69 after a prolonged decline from its late 2025 peak near $2.10, representing a drop of roughly 68% over the past several months. The token found support near $0.65 and has attempted to recover, though the broader trend remains bearish. SUI continues to trade below its two major moving averages on the 3-day chart.

The immediate resistance level sits in the $0.72–$0.75 zone, where a descending trendline is capping upside. A clear and sustained break above this area would be needed to build meaningful momentum. If a breakout occurs with stronger volume, the next target is approximately $0.83 — roughly 20% above the current price. A push toward $0.85, representing about 23% upside, has also been discussed.

On the technical side, the Relative Strength Index (RSI) sits around 44, remaining below the 50 threshold typically associated with stronger buying momentum. The Chaikin Money Flow (CMF) reads approximately -0.09, indicating weak capital inflows. Neither metric confirms a trend reversal at this stage.

Analysts Flag MACD Divergence as a Positive Sign

Analyst Michaël van de Poppe highlighted bullish divergences on the daily, 3-day, and weekly timeframes. On the 3-day chart, SUI made a lower low — moving from around $0.80 to $0.68 — while the MACD formed a higher low during the same period. Van de Poppe described the current price region as an attractive area for 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

— Michaël van de Poppe (@CryptoMichNL) August 8, 2026

Trading volume over the last two months has been substantially lower than during the earlier selloff. While reduced volume near potential lows can sometimes signal fading selling pressure, it does not guarantee a reversal.

The $0.80 level remains the critical threshold on a higher timeframe. A firm 3-day close above $0.80 accompanied by rising volume would signal the start of a new uptrend, with the $1.00–$1.20 range becoming the next area of interest. On the downside, $0.60 serves as key support. A break below that level would likely invalidate the current divergence setup and expose $0.40–$0.50.

Sui Moves Toward Quantum-Resistant Infrastructure

On the network development side, Sui confirmed it is integrating two NIST-approved quantum-resistant signature schemes. This move aligns the Layer 1 blockchain with a broader industry effort to future-proof digital assets, as standard cryptographic algorithms currently securing most networks could eventually be vulnerable to attacks from sufficiently powerful quantum computers. One scheme targets everyday user accounts, while the other is designed for high-value Move vaults. Existing users will be able to upgrade using the same recovery phrase, retaining their current address and funds without needing to transfer assets. Quantum-safe vaults are targeted for mainnet deployment later in 2026, with native quantum-safe accounts planned for 2027.

I think I'm not bullish enough on $SUI, yet.

— Michaël van de Poppe (@CryptoMichNL) August 9, 2026

On-chain, the SUI Foundation's buyback activity has increased. Analyst ToreroRomero noted that Foundation buybacks reached their second-largest single-day total, with 9,000 SUI purchased on August 8.