---
title: "Sui crypto surges 14% – Why traders must watch $1.05 closely"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299603164.md"
description: "Sui (SUI) crypto surged 14% in 24 hours and 30% weekly, driven by capital rotation into Layer 1 tokens. Open interest rose 21%, indicating bullish momentum. Traders are advised to monitor the $1.05 resistance level closely; a confirmed breakout above this zone with a retest as support is key for swing investors to re-enter the uptrend, while caution is urged against false breakouts."
datetime: "2026-09-21T07:04:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299603164.md)
  - [en](https://longbridge.com/en/news/299603164.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299603164.md)
generator: "portal-rs"
---

# Sui crypto surges 14% – Why traders must watch $1.05 closely

Sui \[SUI\] crypto has rallied nearly 14% in the past 24 hours as of writing, with a 26% surge in daily trading volume. The Open Interest (OI) behind the altcoin was up by nearly 21%, showing bullish momentum could continue.

Sui crypto has gained 30.2% over the past week. Some analysts believe this is due to capital rotating into Layer 1 tokens. Notably, some of the popular crypto assets in this sector have recently shown strongly bullish trajectories.

So, how much higher can SUI rally?

## Sui crypto is about to test the $1 psychological resistance

Source: SUI/USDT on TradingView

In August, SUI crypto rallied from $0.635 to $0.954, a 50.14% move in under five days. Since then, the altcoin retraced the move. The price fell as deep as $0.673, just below the 78.6% Fibonacci retracement level.

SUI has recovered from this deep retracement. Once again, the bulls were knocking on the doors of the $0.954 swing high.

The August rally ended a period of consolidation around $0.70 that began in June. The $1.03 and $1.15 were the technical price targets for Sui crypto. On the bright side, the $0.85 supply zone hardly posed an obstacle to the upward momentum.

At the same time, swing traders and investors must remember not to get euphoric. A false breakout past the $1.05 supply zone occurred in May. An unexpected sell-off in the crypto market could spark a similar false breakout.

## Why SUI traders must wait for THIS level to be flipped

Source: SUI/USDT on TradingView

The technical indicators on the 4-hour timeframe were firmly bullish following the recovery from the 78.6% retracement level. The RSI was in overbought territory, a minor warning of overextended market conditions on this timeframe.

From a price action perspective, the $0.95-$1.05 was a vital zone. If firm demand and market-wide enthusiasm continue, SUI could continue its rally and push higher.

Until then, traders can look to take profits, at least partially, and wait for the next move. A move above $1.05 and a retest of the $0.95-$1.05 area as support would be a good sign for swing investors to look to re-enter the market.

* * *

## Final Summary

-   *Sui crypto rallied over 30% in the past week. Market-wide bullish sentiment and Layer 1 sector performance indicated more SUI gains were possible.*
-   *Swing traders can wait for a true breakout past the $1.05 supply zone, a significant area all year, to re-enter the uptrend.*

### Related Stocks

- [TSUI.US](https://longbridge.com/en/quote/TSUI.US.md)
- [GSUI.US](https://longbridge.com/en/quote/GSUI.US.md)

## Related News & Research

- [Sui Group Earnings Call Balances Growth and Losses](https://longbridge.com/en/news/296280891.md)
- [Sui DeFi Receives Boost as SUI Group Lends Additional 4M SUI to Bluefin](https://longbridge.com/en/news/291040171.md)
- [SUI Group targets 3%-4% yield by year-end 2026 while pulling back from DeFi after hacks](https://longbridge.com/en/news/285651610.md)
- [Introducing Avalanche and Sui Futures](https://longbridge.com/en/news/287375902.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**