SUI Buy Signal Returns as Price Targets $1.29 Resistance

• Analyst reports a fresh SUI four-hour SuperTrend buy signal, following a previous signal that preceded a 77.53% rally.
• Kyle Chasse reports Sui repurchased approximately 830,300 tokens using stablecoin yield, though the total purchase value remains unspecified.
• SUI trades near $1.123 below its $1.14 50-day moving average, with resistance at $1.20 and 1.25–1.29 and support near $1.05.

Sui has recorded a fresh technical buy signal as analyst Ali Charts highlights a SuperTrend indicator shift on the four-hour chart. The signal follows a previous setup that preceded a 77.53% rally. Meanwhile, Kyle Chasse reports that Sui has repurchased approximately 830,300 tokens using stablecoin yield, adding another development to the token’s current market picture.

According to Ali Charts, the SuperTrend indicator has flashed a buy signal on SUI’s four-hour chart. The analyst noted that the last comparable signal preceded a 77.53% price increase. However, the previous rally does not establish how SUI will perform after the latest signal.

The current price structure provides additional levels for traders monitoring the setup. As of October 12, 2026, SUI trades around $1.123, slightly below its 50-day moving average of $1.14. However, the token remains above its 200-day moving average at $0.991.

Kyle Chasse reported that Sui has bought back approximately 830,300 tokens using stablecoin yield. He said the purchases used interest rather than venture capital funding or treasury withdrawals.

Chasse also linked potential future buybacks to stablecoin activity on Sui. He questioned how large the repurchased token holdings could become if stablecoin volume continues climbing.

His comments identify stablecoin yield as the funding source for the reported purchases. However, the provided information does not specify the buyback schedule or the total value of the tokens acquired.

SUI’s recent price action follows a prolonged decline through May and June. The token consolidated around 0.66–0.75 in late June and July before attempting a recovery in August. In late September, SUI climbed from approximately 0.75–0.85 to above $1.20, briefly reaching 1.28–1.29.

Trading volume also spiked during that advance, before resistance triggered a correction toward $1.05. The price has since recovered to around $1.123. The $1.14 moving average represents immediate resistance, while $1.20 and 1.25–1.29 are higher levels to watch.

However, rejection below $1.14 could expose support near $1.05 and $0.99. A break below $0.99 could place the $0.90 level in focus.