SUI price analysis: Reversal signals emerge as stablecoin market cap jumps 19%

Sui price eyes reversal as the network’s stablecoin market cap and record-high total value locked indicate improving liquidity and growing investor confidence.

Sui is trading at $2.82 at press time, up 3.6% over the past 24 hours, showing signs of recovery after a volatile week. Over the last seven days, the token has moved between $2.45 and $3.56, gaining 3.4% in that period and 24% in the past month. Despite this rebound, SUI still trades 47% below its January all-time high of $5.35.

Trading activity has slowed slightly. Daily volume stands at $1.78 billion, down nearly 29% from the previous day. CoinGlass derivatives data shows that Sui’s (SUI) futures volume dropped 22.9% to $3.92 billion, while open interest rose 5.8% to $875.98 million.

This combination often shows that traders are opening new positions quietly while waiting for the next move, a sign of growing anticipation rather than panic.

Stablecoin growth lifts Sui fundamentals

Sui’s recent price stability coincides with an improvement in ecosystem liquidity. According to data from DeFiLlama, the market value of the network’s stablecoins increased 19% in the last week, now at $1.1 billion. That growth suggests increased trust in Sui’s decentralized finance and a greater need for on-chain liquidity.

In addition, on Oct. 9, the network’s total value locked reached a new all-time high of $2.63 billion. The last week also recorded the highest decentralized exchange trading volume, reaching $7.92 billion from $4.8 billion the week before. When taken as a whole, these numbers suggest increased involvement from institutional and retail players.

A major catalyst arrived on Oct. 14, when Sui partnered with Figure Technology Solutions to bring YLDS, a yield-bearing and SEC-registered stablecoin, onto the network. YLDS is backed by short-term U.S. Treasuries and repurchase agreements, and this is the first time it’s expanding beyond its Provenance blockchain.

The integration allows users to convert assets like USDC into yield-generating tokens through DeepBook, Sui’s decentralized trading platform. 

Sui’s roadmap also includes two native stablecoins, suiUSDe and USDi, expected to launch by the end of 2025. Developed with SUIG, Ethena Labs, and the Sui Foundation, these assets will use Ethena’s infrastructure and BlackRock’s tokenized money market fund. 

Sui price technical analysis

Following a prolonged decline, SUI’s daily chart shows early signs of stabilization. The relative strength index is close to 39, indicating that the token is getting close to oversold conditions. Although the short-term momentum has turned positive, suggesting potential accumulation, the MACD is still in negative territory, suggesting persistent bearish pressure.

Moving averages still point to resistance above current levels. The 10-day EMA sits at $3.00, while the 20-day EMA is around $3.16. These zones mark critical levels that bulls must reclaim before a more extensive recovery can occur. The 200-day SMA near $3.29 remains a longer-term resistance point.

If SUI holds above $2.60, buyers may attempt another move toward the $3.10–$3.20 range. A break above $3.35 could open room for a move toward $3.80, while falling below $2.45 might lead to another test of support near $2.20.