SUI gained more than 40% in a week while broader market action stayed relatively subdued, pushing back above $0.95 and finishing the week near $1.35. Veteran commodities trader Peter Brandt said the move could point to a meaningful medium-term bottom, arguing that the token may have established a strong base at current levels.
His view was blunt: these levels may mark a significant bottom, and price could rise substantially from here. That remains a market opinion rather than a confirmed reversal, but it has added to the attention around SUI’s latest rebound.
Price action shifts after a long slide from earlier highs
According to the source material, SUI traded around $5.00 at the beginning of 2025 before entering a decline that lasted for more than a year. By late 2025, it had fallen well below $1.00 and stayed depressed for an extended period. Like many altcoins in that stretch, SUI also saw investor attention fade as prices remained weak.
The latest weekly candle changed the technical picture. SUI moved decisively above its 10-day simple moving average and reclaimed the $0.95 area. Analysts highlighted the weekly close near $1.35 as an important technical level, with price holding in that zone now seen as a key test for traders looking for a broader reversal.
Still trading far below the all-time high
Even with the recent jump, SUI remains nearly 75% below its all-time high of $5.35, based on the CoinGecko figure cited in the article. That gap shows how much recovery would still be needed before the token returns to its previous peak. The current advance looks more like a sharp rebound from deeply discounted levels than a full recovery.
Recent strength has been tied to a combination of institutional positioning and ecosystem developments. Nasdaq-listed Sui Group Holdings disclosed that it had staked almost all of its company assets, locking up a total of 108.7 million SUI. That decision reduced the amount of SUI available on the open market and became one of the main factors cited behind the move.
Partnership news arrives as the ecosystem continues repairs
On the business side, African fintech company Paga announced a collaboration with the Sui blockchain to build tokenized asset solutions. The announcement was framed as a step toward broader real-world use cases for the network, adding a fundamental element to the recent price move.
Still, the ecosystem is recovering from a major setback. Last year, Cetus Protocol, the largest decentralized exchange on SUI, suffered a major cyberattack that drained about $223 million from its liquidity pools. After that incident, the ecosystem moved to rebuild user confidence through new partnerships and security improvements. That backdrop remains part of the story now: price has bounced, but the repair process is still visible.