Sui (SUI) has registered a fresh technical buy signal, with analyst Ali Charts highlighting a shift in the SuperTrend indicator on the token's four-hour chart. In a separate development, Kyle Chasse reported that Sui has repurchased approximately 830,300 tokens using stablecoin yield, adding another element to the token's current market picture. SUI last traded near $1.123, sitting below its 50-day moving average of $1.14, with resistance overhead at $1.20 and in the $1.25–$1.29 zone, and support located near $1.05n

Ali Charts Flags Fresh SuperTrend Buy Signal

According to Ali Charts, the SuperTrend indicator has flashed a buy signal on SUI's four-hour chart. The SuperTrend is a trend-following tool that flips between buy and sell readings as price crosses its plotted line, and signals on a four-hour chart are typically used to track shifts over shorter timeframes than daily or weekly setups. The analyst noted that the last comparable signal preceded a 77.53% price increase, though the previous rally does not in itself establish how SUI will perform after the latest signal.

For traders monitoring the setup, the current price structure provides a set of reference levels on both the upside and the downside. As of October 12, 2026, SUI trades around $1.123, slightly below its 50-day moving average of $1.14. The token nonetheless remains above its 200-day moving average at $0.991, leaving the price positioned between the two long-term trend measures. Moving averages are widely followed trend benchmarks, and the gap between price and each line is often used to judge how short-term momentum stacks up against the longer-term trend.

Sui Funds Token Buybacks With Stablecoin Yield

Kyle Chasse reported that Sui has bought back approximately 830,300 tokens using stablecoin yield. He said the purchases were funded with interest income rather than venture capital funding or withdrawals from the treasury. Buybacks, in which a project uses income it generates to purchase its own token on the open market, are an established mechanism in the industry, and the funding source is typically the first point of scrutiny when such programs are evaluated.

Chasse also linked potential future buybacks to stablecoin activity on the network, questioning how large the repurchased token holdings could become if stablecoin volume continues to climb. His comments identify stablecoin yield as the funding source for the reported purchases. However, the available information does not specify a buyback schedule or the total value of the tokens acquired to date.

SUI Faces Resistance Between $1.14 and $1.29

SUI's recent price action follows a prolonged decline through May and June. The token consolidated around $0.66–$0.75 in late June and July before attempting a recovery in August. In late September, SUI climbed from approximately $0.75–$0.85 to above $1.20, briefly reaching the $1.28–$1.29 area. Trading volume also spiked during that advance, before resistance triggered a correction toward $1.05. The price has since recovered to around $1.123.

The $1.14 moving average now represents immediate resistance, while $1.20 and the $1.25–$1.29 range stand as the next higher levels to watch — the same band where the September advance stalled, giving those levels added reference weight for anyone tracking the setup. On the downside, a rejection below $1.14 could expose support near $1.05 and $0.99, with $1.05 matching the area where the recent correction ended. A break below $0.99 would place the $0.90 level in focus.

This article originally appeared on Cryptofrontnews.