Sui is showing signs of a potential recovery as buyers defend key support and attempt to break above falling wedge resistance. Meanwhile, its partnership with Mercado Bitcoin is expanding access to digital assets in Brazil by connecting tokenized assets with local payment infrastructure and introducing new financial use cases.
As of now, according to CoinMarketCap data, SUI is trading at $0.8866, down 5.18% over the past 24 hours and 10.41% over the past week.
SUI Falling Wedge Pattern Puts $1.25 Target in Focus
According to crypto analyst Crypto With Gopal, Sui is forming a falling wedge pattern on the four-hour chart, with its price approaching the $0.90 support zone. The formation suggests selling pressure may be gradually weakening as the price moves within a narrowing range. A breakout above the upper resistance could create an opportunity for buyers to regain control.
The $0.90 level remains an important support area, where buyers need to prevent further declines to keep the potential bullish setup intact. Holding this zone could allow SUI to consolidate before attempting another upward move. However, a sustained break below support would weaken the recovery outlook.
On the upside, the analyst identifies the $0.96–$1.00 range as the key breakout zone. A sustained move above this resistance could confirm a bullish breakout from the falling wedge and strengthen buying momentum. If buyers successfully reclaim this area, SUI could extend its recovery toward the $1.20–$1.25 target range.
SUI’s outlook remains cautiously bullish, with its next move depending on whether buyers can push the price above immediate resistance. A successful breakout could pave the way for a relief rally, while repeated rejection near this level could keep selling pressure in place.
Sui Partnership With Mercado Bitcoin Expands Brazilian Access
Sui is expanding its presence in Brazil through a new partnership with Mercado Bitcoin, one of Latin America’s leading digital asset platforms. The collaboration allows Mercado Bitcoin’s 4.5 million customers to buy, sell, send, and receive SUI, USDC, and USDsui, creating another access point to the Sui ecosystem in the region.
Mercado Bitcoin has also become the first Brazilian exchange to support Sui asset transfers. The partnership will bring the exchange’s regulated real-world asset (RWA) platform to Sui, which has issued more than 800 tokenized assets since 2019. These assets provide investors with exposure to products linked to credit, lending, and real estate.
The development also connects Sui-based assets with Brazil’s payment infrastructure. Users can move between Brazilian reais and tokenized assets instantly, with transactions available around the clock. This could make blockchain-based financial products more accessible to local investors while reducing delays associated with traditional settlement processes.
USDsui will also become available as lending collateral for Mercado Bitcoin customers, extending its potential use beyond payments and transfers. Additionally, the exchange is exploring a Hashi integration following its mainnet launch, which could support native Bitcoin lending and borrowing on Sui.
