SUI Nears $3.83, Eyes Breakout with Google Partnership Boost

SUI’s recent price action has captured market attention with a 7% gain in the last 24 hours, pushing the token to $3.83 and generating over $1.7 billion in trading volume. The cryptocurrency has gained 5% over the past week, demonstrating sustained upward momentum as it tests the upper boundary of a downtrend channel that has contained price action since earlier this year. This technical pattern represents a critical juncture for SUI, with the $3.80 level serving as a decisive resistance point that could determine the token’s near-term trajectory.

Crypto analyst Rekt Capital provided key insight, stating: “SUI is on the cusp of breaking out from this Downtrending Channel. A breakout would see SUI revisit the old All Time High area.” The previous high sits near $5.35, representing significant upside potential from current levels. The formation of higher lows in recent weeks suggests growing buyer interest and accumulation, providing technical foundation for a potential breakout scenario. However, failure to breach the $3.80 resistance could see SUI retreat to support near $3.40, with additional support potentially emerging between $2.33 and $2.00 if selling pressure intensifies.

The technical momentum coincides with significant fundamental developments, most notably Google’s announcement of its Agents Payments Protocol built by Mysten Labs, the team behind SUI. This partnership represents a major validation of the protocol’s technology and has drawn substantial institutional attention to the project. Analyst Michaël van de Poppe highlighted the significance, commenting: “A massive partnership announcement from SUI as Google has announced the Agents Payments Protocol. This has been built by the Mysten Labs team, the founders of SUI.”

Van de Poppe also noted the current market structure, observing “great consolidation before a big breakout.” The price has indeed moved within a tight range for several weeks while forming a clear support structure, suggesting accumulation before a potential significant move. The Google partnership not only provides credibility but also opens potential real-world applications and integration opportunities that could drive long-term adoption and value appreciation for the SUI ecosystem.

Beyond price action and partnership news, SUI’s underlying ecosystem health remains strong. Total Value Locked (TVL) stands at $2.116 billion as of September 18, 2025, maintaining levels above $2 billion since reaching new highs earlier in the summer. This sustained TVL demonstrates continued developer and user engagement with the protocol despite broader market conditions. While daily net inflows of $3,852 represent a modest figure, the overall capital stability within the ecosystem indicates confidence among participants.

Analyst Kaleo reinforced the positive outlook, stating: “Still believe it’s only a matter of time before we see SUI break out of the range it’s been accumulating in… and make a run for all time highs vs. BTC.” This perspective aligns with the technical analysis suggesting accumulation patterns and the fundamental strength provided by the Google partnership. The combination of strong TVL metrics, consistent capital retention, and growing institutional validation creates a compelling case for SUI’s potential to challenge its previous all-time high of $5.35 if current momentum continues and the key resistance level is decisively broken.