As of February 27, 2026, the Sui Network (SUI) is one of the most resilient performers in the Layer 1 sector, showing a strong "V-shaped" recovery attempt amidst a broader market correction.
Sui (SUI) Market Analysis
Current Price Action: SUI is currently trading at $1.01. Like many assets, it took a heavy hit in the first week of February, dropping from $1.15 to a low of $0.82. However, its recovery has been sharper than many of its competitors, reclaiming the $1.00 psychological level this week.
The "ETF Effect": The primary driver for SUI's recent strength is the influx of institutional interest. With the launch of several Sui-based exchange-traded products (ETPs) this month, the coin has seen its highest daily trading volumes of the year. This institutional backing provides a "liquidity floor" that many newer altcoins lack.
Ecosystem Growth: Sui’s Total Value Locked (TVL) has remained remarkably stable during the price dip, currently sitting over $1 Billion. Its ability to handle high-throughput transactions (recently peaking at over 5,000 TPS) continues to attract DeFi protocols looking for alternatives to Ethereum's higher fees.
Technical Outlook:
Support: Strong support has formed at $0.85.
Resistance: The immediate hurdle is $1.05. If SUI can close a daily candle above this, it opens the door for a run back toward its early February highs of $1.18.
Sui (SUI/USD) Candle Chart - February 2026
The chart below illustrates SUI's price volatility this month, specifically the sharp "wick" recovery on February 26th that pushed it back over the $1.00 mark.
Key Chart Observations
The Accumulation Phase (Feb 7–25): Notice the series of small, tight candles near the $0.90 level. This indicated a "cooling off" period where buyers slowly absorbed the sell pressure from the early February crash.
Breakout Volume: The candle for February 26 is the most significant; it’s a high-range "Marubozu-style" candle, indicating that buyers are back in control with high conviction.
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