SUI Shakes Off $1.40 Resistance-Bulls Eye Next Breakout? Get in Now!

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Sui price retreats from $1.40 resistance, are bulls preparing for another breakout?

I’ve been tracking Sui’s price movement this week, and we saw a slight pullback after it ran into resistance around $1.40. Despite this, I’m still seeing indications that buyers might be gearing up for another push higher.

Summary

  • SUI price pulled back toward the $1.20 support zone after facing rejection near the key $1.40 resistance level earlier this week.
  • Rising stablecoin liquidity, growing DeFi activity, and strong derivatives positioning continued to support bullish sentiment across the Sui ecosystem.
  • Analysts are watching whether bulls can defend the $1.18–$1.20 region to sustain momentum toward another breakout attempt above $1.40.

On May 14, Sui (SUI) was trading around $1.21, according to crypto.news. The price had briefly reached $1.40 earlier in the week. Even with a recent dip, the token is still much higher than its April low of around $0.85, and positive momentum remains strong after a significant price increase – one of the biggest gains among major altcoins in recent weeks.

The recent price increase happened because investors are feeling more positive about the Sui network. This is due to growing excitement about more decentralized financial services being built on it, and increasing interest from larger, institutional investors.

SUI saw significant growth this week, largely due to increased activity on the network. This was driven by a rapid increase in stablecoin availability within the SUI ecosystem. Data shows that the total value locked in the network and trading volume on decentralized exchanges both rose sharply as traders moved into SUI alongside the recent recovery of other alternative cryptocurrencies.

Increased focus on Mysten Labs’ plans for growth and its efforts to add more validators also boosted confidence in the long-term potential of the network.

Positive sentiment in the derivatives market has continued. Data from CoinGlass shows a lot of liquidations happening between $1.30 and $1.45 during the recent price increase, suggesting that many losing short positions were closed, which likely helped SUI’s price break above $1 earlier this month.

Even though the price has recently dropped a bit, most traders still seem optimistic about the token, as shown by continued positive funding rates and their positions in the futures market.

Sui price analysis

SUI’s price recently broke above a trading range of around $0.85 to $1.05, which it had been stuck in for a while. This breakout caused a quick price increase, pushing it towards a resistance level near $1.40.

Right now, traders are watching to see if the market can hold steady between $1.18 and $1.20. This area is a key support level, and a successful defense here would confirm the recent upward breakout and continued stability.

The Supertrend indicator still suggests the price is likely to continue rising. It recently turned positive on the daily chart and is currently far below the price, indicating that buyers are still in control of the overall trend, even with the recent dip.

Overall, market indicators still suggest a positive trend for buyers. The MACD is continuing to show bullish signals after a significant increase earlier in the month, although the rate of that increase is slowing down, indicating the recent rapid price gains might be easing.

If SUI stays above $1.20, its price could rise, potentially reaching $1.40. Breaking through $1.40 could lead to a bigger increase, possibly hitting $1.50 – a price level not seen since late 2025.

If the price falls below its current support level, we could see a temporary dip back towards around $1.05 – the level it recently broke above. At that point, buyers might step in again to try and push the price back up.

Traders are currently watching to see if Sui can hold its recent gains, as the market waits for something to spark another price increase.

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2026-05-14 17:18