SUI trades near $1.09 as bulls eye $1.20, while stablecoins and network revenue hold firm amid TVL decline.
SUI traded near $1.09 as traders assessed its rebound setup, stablecoin activity, and network revenue.
Market analysts pointed to firm on-chain baselines, even as total value locked fell from earlier highs.
Bulls are now watching whether price can hold above $1.00 and move toward the $1.20 resistance area.
SUI Price Holds Above Key Support
SUI has recovered from the recent low area near $0.90. The token is now trading around $1.09 on the daily chart, based on the shared TradingView setup.
The short-term structure has improved, but the wider trend remains weak. SUI is still far below its earlier range near $4.50 to $5.00.
The chart shows buyers defending the $0.90 to $1.00 zone. A daily close above $1.10 could support a move toward $1.20 and $1.25.
A move above that zone may bring $1.40 and $1.50 into view. However, sellers may remain active near those levels.
Stablecoins And Revenue Remain In Focus
Michaël van de Poppe said SUI’s stablecoin base has held near $500 million during the TVL decline. This has become a key point for traders watching the network.
Michaël van de Poppe said cumulative stablecoin transfers crossed $1 trillion in March. It also cited continued network revenue since launch.
The TVL decline remains a concern for market watchers. Reported TVL fell from about $2 billion to nearly $500 million.
SUI is one of the most under-discussed setups in crypto right now.
While everyone was watching the price drop from $5.35 to ~$0.90, this is what was actually being built:
→ 5th spot crypto ETP listed (Feb 2026)
→ CME futures live; only the 4th L1 ever, after BTC, ETH, SOL
→… https://t.co/4yZlDh0N1e pic.twitter.com/glH0xovdwO— Michaël van de Poppe (@CryptoMichNL) May 20, 2026
However, the token price also dropped sharply during that period. Some analysts say this means the fall reflects asset repricing more than direct outflows.
Michaël van de Poppe stated, “There was not any money flowing out of the ecosystem.” It added that lower activity followed broad market weakness.
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SUI Whales Are Buying the Dip in Silence. Here Is What the Data Shows
Institutional Products Add To Market Debate
SUI-related institutional activity has also entered the discussion. analysts cited a fifth spot crypto ETP listing in February 2026.
It also pointed to CME futures activity and three US staking ETF filings or products linked to Grayscale, Canary Capital, and 21Shares. These details remain part of the current SUI market debate.
Other cited developments include SUIG staking its 108.7 million treasury and USDsui launching through Stripe’s Bridge unit. Hashi was also described as bringing native Bitcoin collateral without wrapping.
The same analysts said more than 20 institutions committed on Hashi’s first day. It also cited Mysticeti upgrades, which raised checkpoints per second from one to four.
Technically, the daily MACD shows early bullish momentum. The MACD line is above the signal line, but both remain close to neutral.
RSI is near 54, while its moving average is around 62. This shows improved momentum, although buyers have not yet regained full control.
For SUI bulls, the near-term path depends on support at $1.00 to $1.05. Holding that area keeps the $1.20 to $1.25 target active.
A drop below $1.00 could return focus to $0.90. A deeper break may expose $0.75 to $0.80.
