SUI price stayed above a key breakout threshold following Sui’s announcement of ONE Championship as a Platinum Sponsor for Basecamp 2026. As of press time, SUI was trading at $1.15, a decline of 0.93% over the last 24 hours, with derivatives activity still running high throughout the market.
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Also Read: Sui Network Faces AlphaFi Shutdown as SUI Price Moves Higher
Why Is SUI Price Holding Above $1?
The most recent update appeared on Sui Network’s official X account, which announced ONE Championship as a Platinum Sponsor for Sui Basecamp 2026 in Singapore.
The post emphasized Sui’s ambition to connect with mainstream audiences, noting that “the next billion Sui users” could come from sports fans who are just one application away from completing their first blockchain transaction.
This collaboration brings yet another real-world adoption story to the ecosystem. Instead of focusing solely on existing crypto users, Sui is placing itself before a worldwide sports audience — an approach that could boost awareness of the network leading up to TOKEN2049 Singapore.
SUI Price Keeps Its Bullish Technical Structure Intact
The TradingView chart indicates that SUI is still trading above a significant breakout area around $1.00, a level that has now flipped from resistance to support.
Buyers managed to drive the token up to the $1.25-$1.30 range before profit-taking emerged.
The overall trend is still constructive. SUI is trading considerably above both its 50-day moving average of $0.81 and its 200-day moving average of $0.84, suggesting that long-term momentum continues to favor buyers.
So long as the token remains above $1.00, traders will likely keep interpreting pullbacks as part of a larger uptrend rather than a reversal.
Also Read: SUI Price Eyes Recovery as Bullish Structure Meets Ecosystem Growth
How Does SUI Open Interest Support the Rally?
CoinGlass data reveals open interest rising past $1 billion, one of the strongest readings recorded in recent months. Open interest increasing while price recovers typically indicates that fresh capital is flowing into the market.
This rise also points to growing confidence among derivatives traders. Although heightened leverage can intensify volatility, it likewise demonstrates continued trader participation in the current move.
Trading Volume Signals Strong Market Participation
During the recent rally, trading activity has grown considerably. According to CoinGlass volume figures, derivatives volume is nearing $3 billion, a level well above what was seen for much of August.
Strong volume typically reinforces the credibility of a breakout, since it signals broad participation across the market. These newest numbers indicate that traders are still active despite SUI’s latest jump.
Also Read: SUI Price Builds Bullish Setup With $1.16 and $1.40 Targets
What Do SUI Liquidations Reveal About Trader Positioning?
Liquidation figures reveal substantial short liquidations amid the rally, which shows that bearish traders had to close their positions as SUI climbed. Short squeezes frequently accelerate momentum and may help drive swift price gains.
The long liquidations seen lately indicate that certain traders have started to lock in gains after the push toward $1.30. This pullback looks more like a market cooldown than a total trend reversal.
What Should SUI Traders Watch Next?
The key level to monitor is still $1.00. Remaining above this area would preserve the recent breakout and keep attention fixed on resistance around $1.30.
With open interest climbing, trading volume strong, and a newly announced adoption-focused partnership, traders have multiple catalysts to track. Should market participation stay high and buyers keep defending support, SUI may remain among the most closely watched Layer-1 assets as Basecamp 2026 approaches.
Also Read: SUI Price Eyes Breakout as Sui Payment Adoption Grows
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
