SUI’s recovery is beginning to look increasingly interesting after months of heavy selling. The token has climbed back above the $1 level, and a major weekly technical indicator has now turned bullish following an approximately 83% decline from its previous highs.
Crypto analyst Ali Martinez drew attention to the development, pointing to a bullish change in SUI’s weekly Parabolic SAR. At the same time, Sui’s fundamental picture is improving, with gasless stablecoin transfers arriving on the network and DeFi liquidity remaining above $1 billion.
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Ali Martinez Spots Major Bullish Signal for SUI
Martinez posted a weekly SUI chart showing that the Parabolic SAR dots have moved below the price for the first time following the prolonged decline.
Parabolic SAR is a trend-following indicator represented by dots above or below price. Dots above the candles generally correspond with a bearish trend, while dots underneath them indicate that the trend has turned bullish.
The importance of the latest signal becomes clearer when looking at Martinez’s chart. SUI spent much of the past year falling from above $4 toward roughly $0.50, an approximately 83% drawdown. Throughout most of that decline, the Parabolic SAR remained firmly above the weekly candles.
That has now changed. With SUI trading around $1.02 on Martinez’s chart, the newest SAR dot has appeared beneath the price. Combined with SUI’s recovery from its summer lows, Martinez interprets this as a major macro bullish signal and argues that a new bull market has begun.
SUI BULL MARKET HAS BEGUN
— Ali Charts (@alicharts) September 23, 2026
After an 83% bear market, $SUI has just flashed one of its most important macro bullish signals.
The Parabolic SAR dots have flipped below price on the weekly chart, signaling a macro shift from a downtrend into a new uptrend.
The indicator is… https://t.co/fVlquTFaZq pic.twitter.com/kEllUKzwUa
It is still only one technical indicator, so the signal does not guarantee that SUI will continue climbing. Maintaining prices above $1 and establishing a sequence of higher lows would provide additional confirmation that the longer-term trend is improving.
Sui Adds Gasless Stablecoin Transfers
The technical improvement comes alongside an important network development.
Sui has activated gasless stablecoin transfers at the protocol level, allowing users to transfer supported assets such as USDC without separately holding SUI to pay transaction fees. Instead of requiring users to acquire a native gas token before making a payment, the system can abstract that complexity away.
That could be particularly useful for payments and consumer-facing applications. Requiring someone who simply wants to send USDC to first acquire SUI creates an additional step that traditional payment applications do not have.
The network is also expected to introduce confidential-transfer functionality later this month, according to the information accompanying the announcement. Hiding transaction amounts could broaden the types of payment applications developers can build, including business payments and payroll, although actual institutional adoption would still need to materialize.
There is an important distinction for the SUI token itself. Making stablecoin transfers easier can increase network usage, but greater activity does not automatically translate into proportional buying pressure for SUI—especially when users no longer need to acquire SUI directly for every transaction.
Sui DeFi TVL Remains Above $1 Billion
Sui’s DeFi ecosystem provides another encouraging data point. According to the figures provided, the network held approximately $1.04 billion in total value locked around September 21, alongside roughly $185 million in 24-hour DEX volume.
TVL above $1 billion indicates substantial capital remains deployed across Sui-based DeFi protocols, while the reported DEX volume points to active on-chain trading rather than capital simply sitting idle.
Put together, SUI currently has several developments working in its favor. Its price has recovered from deeply depressed levels, the weekly Parabolic SAR has turned bullish, DeFi liquidity remains substantial, and the network is attempting to make stablecoin payments considerably easier.
The $1 region now becomes particularly important. Holding above it would reinforce the recovery visible on Martinez’s weekly chart. Losing it and falling back toward the recent range would weaken the case that SUI has entered a durable new upward trend.
For now, Martinez’s chart provides something SUI bulls have not had for much of 2026: a big weekly trend indicator finally pointing upward.
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