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Sui’s stablecoin strategy is officially in full swing. With USDsui beginning to operate on the mainnet, the payment infrastructure of this blockchain is about to undergo a major change.
This native stablecoin, issued through the Open Issuance platform provided by Stripe’s subsidiary Bridge, has been integrated into major DeFi protocols such as Turbos, Cetus, and Bluefin. Of particular note is the stablecoin’s revenue structure. It is designed so that part of the profits generated from held assets is returned to the Sui ecosystem—an approach that differs from existing issuers such as Tether and Circle.
The current SUI price is $0.92, and its circulating market cap is $3.63B. Over the past 24 hours, it has entered a slight adjustment phase, but what comes next is about to become critical.
From a technical standpoint, SUI is forming a clear consolidation pattern within a strong support zone of $0.81–$0.83. This level corresponds to the 78.6%–88.7% Fibonacci retracement, and it has been maintained even after multiple tests. The fact that buyers continue to defend this zone suggests that it is not merely sell-side pressure—rather, it indicates that accumulation activity is progressing.
The current compression structure suggests that the correction of Wave 4 is nearing completion. If the contraction in volatility overlaps with ecosystem growth, the odds that a breakout setup forms are likely to be high. If $1.00 can be decisively reclaimed, short-term sentiment would shift significantly; however, a firm resistance level is set at $1.05.
If, from here, a strong breakout occurs with strong volume above $1.05, the upside targets indicated by Fibonacci extensions are $1.10, $1.17, $1.21, and $1.29. These levels reflect extension projections measured from the previous impulse wave. Strengthened liquidity enabled by stablecoins and increased participation by institutional investors could be factors that support this scenario.
However, if the support at $0.81 is broken, the picture changes. In that case, the possibility of a deeper correction would open up. Sui’s future moves depend on the success of its stablecoin strategy and the continued maintenance of technical support levels.