Sui surge 30% because staking supply don tight and short dem dem liquidate; fit SUI reclaim $1.50?

Published: 2026-05-12 12:27:00 |

Sui (SUI) don rally pass 30% for di last week, e jump from below $0.95 go near $1.40, then e calm down around $1.26 (May 12, 2026). Traders dey reason now whether SUI fit reclaim the $1.50 resistance level after e confirm daily breakout above the $1.00 pivot. One major driver na supply squeeze wey involve SUI Group Holdings, Nasdaq-listed company. Dem stake 108.7 million SUI, wey remove about 2.7% of the circulating supply from active markets. At the same time, people sentiment for the Sui ecosystem improve. Fundamentals still strong. Mysten Labs talk say dem dey plan launch confidential transactions and fee-free stablecoin transfers on Sui later this year, wey fit boost long-term adoption expectations. Derivatives add fuel to the move. CoinGlass data show say short liquidations rise after SUI break pass $1.00, meaning short covering and stronger spot demand. Technical picture still constructive: MACD still bullish, and RSI small time climb pass 73 before e cool down. Key levels to watch for SUI: resistance $1.50; support near $1.20; pivot around $1.00. If SUI no fit hold above about $1.20, traders fit take profit and price fit pull back toward the earlier $1.00 breakout area.

Bullish

Di tori news dey bullish for SUI because e combine (1) real supply-tightening event from large-scale staking (about 2.7% of circulating supply comot) wit (2) technical/positioning catalyst wey trigger short liquidations after SUI break pass $1.00. That pairing dey often keep momentum beyond di first breakout. Di planned Mysten Labs upgrades (confidential transactions and fee-free stablecoin transfers) add fundamental tailwinds wey fit attract more buyers when price dip. Short term, traders suppose expect volatility around $1.20 support and $1.50 resistance cos di squeeze effect fit fade if follow-through demand weak. Long term, if di announced privacy and stablecoin features progress as scheduled, e fit reinforce adoption narratives and support higher price levels for SUI.