Sui crypto has demonstrated remarkable resilience by recovering from $0.94 to around $0.99 following the end of Phantom wallet support, as reported by AMBCrypto. Phantom announced on September 24 that it would stop supporting Sui, with the implementation occurring as a new development. Phantom stated that users can no longer view, send, swap, or interact with Sui assets via their platform, though the SUI tokens remain on the blockchain and can be accessed using different compatible wallets with the same recovery details. Phantom recommended Slush, a wallet backed by the Sui Foundation, for users seeking to retain network access. The decision was originally announced in August, and its wider effect will depend on whether users migrate to other supported wallets or exit the ecosystem entirely.
Sui crypto is approaching a critical technical juncture as it tests the $1 psychological resistance level, as reported by AMBCrypto. The token briefly dropped to about $0.94 before recovering to around $0.99, representing a 3.25% gain at the time of writing. The current trend places SUI just below the $1 level, which has been seeing increased selling pressure. Traders are now eyeing $1.03 and $1.08 as technical price targets, with the $0.94-$1.05 zone representing a vital technical area. The $0.94 level now serves as the first important support, and a drop below it could send SUI back toward the $0.90 level. However, if SUI becomes stronger, the selling zone of interest could open at $0.85-0.86 levels. The token is also above its main price averages at the $0.94 area, indicating it has maintained its overall recovery despite recent volatility.
The recovery is being supported by strong fundamentals and growing network activity, as reported by CoinGlass data. Open interest on SUI perpetual contracts has climbed alongside the price, confirming genuine speculative interest rather than a simple short squeeze. The Sui blockchain itself is displaying solid on-chain metrics, with daily transaction counts and the TVL (Total Value Locked) across its DeFi protocols both growing in recent weeks. This reinforces the case for organic adoption that supports price action beyond pure speculative momentum. The Move architecture, the network's scalability, and growing developer activity represent solid arguments for medium-term adoption, with native DeFi projects continuing to attract capital, differentiating SUI from purely speculative tokens with no underlying technological substance. With Bitcoin consolidating at elevated levels, investors are chasing returns in high-beta altcoins, and SUI ticks several boxes: growing liquidity, an expanding DeFi ecosystem, and rising trading volumes.
For active traders, the dominant strategy is to monitor price behavior around $1.03 over the next 48 to 72 hours, as reported by AMBCrypto. A breakout above $1.03 would provide a path toward the $1.08 level, with the $1.08 price level representing the next major resistance target. Conversely, a rejection at this level could pull the price back toward the $0.94 support zone, or even toward the $0.85-0.86 selling zone in the event of a broader sentiment reversal. Technical indicators on the 4-hour timeframe show firmly bullish conditions following the recovery from the $0.94 support level, though traders must remain cautious about false breakouts, as a false breakout past the $1.05 supply zone occurred in May. The RSI is currently in overbought territory, which serves as a minor warning of overextended market conditions. Recent trading activity increased as SUI climbed from below the $0.70 range, which means the rally has encouraged more participation, though this may also encourage some holders to take profits near current resistance levels.
