Sui (SUI), a Layer 1 blockchain built on the Move programming language originally developed at Meta for its Diem project, is trading around $0.69 after a prolonged decline from its late-2025 high near $2.10, a drop of roughly 68% in recent months.

The token has found temporary support near $0.65 and has shown some recovery since then, but the broader trend remains bearish. Price action is still trading below both major moving averages on the 3-day timeframe.

The nearest resistance is in the $0.72 to $0.75 range, where a descending trendline is limiting further gains. A decisive and sustained breakout above that area would be needed for bullish momentum to take hold. If such a move occurs with stronger trading volume, the next target would be $0.83, about 20% above current levels. Some market participants are also discussing a possible move toward $0.85, or roughly 23% upside.

Technical indicators have not yet confirmed a reversal. The relative strength index, or RSI, is around 44, below the 50 level that often suggests improving buyer momentum. The Chaikin Money Flow (CMF) is around -0.09, pointing to weak capital inflows.

Analysts point to MACD divergence

Crypto analyst Michaël van de Poppe highlighted bullish divergence patterns across the daily, 3-day, and weekly charts. On the 3-day timeframe, SUI made a lower low, falling from about $0.80 to $0.68, while the MACD indicator formed a higher low over the same period. Van de Poppe said the zone looked attractive 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 activity over the past two months has also slowed sharply compared with the earlier selloff. Lower volume near potential price bottoms can sometimes indicate fading selling pressure, although it does not by itself confirm a reversal.

For longer timeframes, $0.80 is emerging as a key level. A strong 3-day candle close above $0.80, backed by rising volume, would suggest the start of a fresh uptrend. In that case, the next area of interest would be the $1.00 to $1.20 range.

On the downside, $0.60 is the critical support level. A break below that point would likely invalidate the current divergence setup and could expose the $0.40 to $0.50 area.

Sui moves toward quantum-resistant network architecture

Beyond price action, Sui has announced the integration of two NIST-validated quantum-resistant cryptographic signature schemes. One is designed for standard user accounts, while the other is intended for high-value Move vaults. The move places Sui among a growing set of blockchain networks preparing for the eventual arrival of cryptographically relevant quantum computers, which could threaten the elliptic-curve cryptography widely used across the crypto industry today.

Existing users will be able to upgrade using their current recovery phrase, keeping the same addresses and holdings without needing to migrate assets. Quantum-safe vault functionality is expected to launch on mainnet in late 2026, while native quantum-safe account implementation is projected for 2027.

"I think I'm not bullish enough on $SUI , yet. — Michaël van de Poppe (@CryptoMichNL) August 9, 2026"

On-chain activity has also drawn attention. Analyst ToreroRomero said the SUI Foundation's token buyback program accelerated, with the Foundation recording its second-highest single-day buyback volume after acquiring 9,000 SUI on August 8. The buyback program, funded through the Foundation's treasury, is designed to support ecosystem liquidity and manage circulating supply over time.

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