Despite being one of the best performing digital assets in 2025, high-speed layer-1 blockchain network Sui’s native coin, SUI, is so far having a depressing 2026. The cryptocurrency is down a whopping 50 percent on a year-to-date basis, trading dangerously close to its all-time low.
A ray of hope for SUI
In a Friday X post, seasoned crypto trader Michael van de Poppe remarked that SUI is finally starting to show bullish divergence on the daily chart. The trader shared the following chart, adding that the divergence suggests SUI may be returning to an uptrend.
For the uninitiated, a bullish divergence occurs when price forms a lower low while a momentum indicator – such as the relative strength index or moving average convergence divergence – forms a higher low, signaling that selling pressure is weakening.
Although it doesn’t guarantee a reversal, it typically serves as an early indication that bullish momentum may be building and an uptrend could follow. Poppe added that he expects SUI to climb in the coming weeks, especially if Bitcoin manages to surge past $65,000.
Meanwhile, fellow crypto analyst Umair Orakzai noted that SUI is showing an inverse head and shoulder pattern, like many other altcoins. Sharing the following chart, Orakzai said that if SUI manages to climb past the green line, it can target $0.85. They added:
“There’s a volume weakness in this chart, which is pretty easy to spot, and that is the falling candles have growing volumes and growing candles have falling volume, that is actually NOT in favor of a breakout, you want the reverse to be happening here which is, growing candles should have growing volume while falling candles have falling volume.”
To explain, an inverse head and shoulders is a bullish reversal pattern consisting of three troughs, with the middle trough – the head – lower than the two outer troughs – the shoulders. The pattern is confirmed when price breaks above the neckline, suggesting the start of a new uptrend.
Sui showing technological advancements
SUI’s less than ideal price action hasn’t deterred the Sui ecosystem developers from continuing their work and advancing the layer-1 blockchain toward new adoption milestones. On May 20, Sui launched gasless stablecoin transfers, doing away with a major pain point for global payments.
Similarly, on June 20th, Seal MPC went live on the Sui mainnet, enabling AI agents to conduct transactions without unveiling private keys. Most recently, on Wednesday, Sui reported that its testnet could support 6 million transactions per second.
