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SUI token breaks nine-month downtrend, targets $1.50 amid new gasless stablecoin features.

Protocol Fundamentals
23 Sep 2026
Blockonomi
View Source
Bullish
SUI token breaks nine-month downtrend, targets $1.50 amid new gasless stablecoin features.

The SUI token has broken out of a nine-month bearish trend and is currently maintaining support above $0.9725, a key resistance level from its previous consolidation. This breakout follows the introduction of gasless stablecoin transactions at the protocol level and upcoming confidential transfer features, enhancing the Sui blockchain's appeal. Technical analysis points to $1.50 as the next major price target, with intermediate resistance levels at $1.0370, $1.1637, and $1.38. The Sui ecosystem is also expanding its data infrastructure through partnerships like Walrus Protocol's Diamond-tier sponsorship of Sui Basecamp, signaling broader network growth beyond price movements.

SUI token trades at Rp18,283 on Pluang with a market cap of Rp75.13 trillion and a 0.69% gain as of Sep 23, 2026 14:21 WIB. This rise aligns with the news of SUI breaking a nine-month downtrend, supported by new stablecoin features enhancing the blockchain's utility. Despite nearly balanced buy and sell orders, typical holding time on Pluang is 38 days, indicating moderate investor confidence in SUI's recent momentum.

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