Sui cryptocurrency recovers to trade above $1

The Sui (SUI) cryptocurrency token has climbed back above the $1 mark, trading near $1.02 following a recent dip to the $0.94–$0.95 range. Analysts suggest that while the recovery is underway, a sustained turnaround depends on the token overcoming a key resistance hurdle between $1.04 and $1.05.

Technical analysis indicates that a break above the $1.05 level could strengthen the recovery case, potentially bringing price targets of $1.09 and $1.125 into focus. Conversely, if the token fails to hold the $1 level, it may face a pullback toward the $0.94–$0.95 area.

Market discussions have previously focused on a token unlock in early October, though some analysts note that the release of approximately 23.38 million SUI represented only about 0.2% of the total supply.