SUI Price: Can the Buyback Drive a Rise to US$1.60?

SUI Price has once again attracted attention this September after the Sui Foundation's SUI buyback program surpassed 609,800 tokens. At the same time, SUI crypto price action is showing signs of recovery after coming under pressure.

On September 7, 2026, SUI was trading at around US$0.829, recording a 2.75% increase over 24 hours based on the data provided. 

However, the gain is not yet enough to fully change the trend. Technically, the SUI token still faces key resistance around US$0.965.

The question is, can the buyback program and Sui ecosystem growth provide enough strength to push SUI toward the US$1.60 target?

Key Takeaways

• The SUI buyback has surpassed 609,800 tokens and is funded by stablecoin yield, providing fundamental support for demand.
• SUI resistance at US$0.965 is a key level before the path toward US$1.05 and US$1.60 becomes more open.
• If the price fails to hold the US$0.745–US$0.795 support zone, the bullish scenario could weaken and SUI could retest lower levels.

SUI Buyback Adds Fundamental Support

The SUI buyback program is one of the factors distinguishing this token's price action. According to the Sui Foundation, the mechanism uses stablecoin yield to periodically purchase SUI on the market. 

The SUI purchased is then distributed to network participants such as DeFi participants, validators, and ecosystem partners.

According to the latest report, total purchases have surpassed 609,800 SUI. On September 5 alone, an additional 8,000 SUI was purchased. The treasury buyback value was reported to be around US$490,000.

This mechanism is important because the purchases do not depend on issuing new capital. However, buybacks do not automatically cause the SUI price to rise. Their impact still depends on the balance between demand, trading volume, liquidity, and selling pressure.

In other words, buybacks can provide a fundamental cushion, but the market still needs sufficiently aggressive buyers to push the price through resistance.

Read Also: SUI Price Prediction: Can It Rise 20% to US$0.83?

SUI Analysis: US$0.965 Determines the Trend

From a technical perspective, the current SUI analysis shows that the price is positioned between two important areas. SUI is trading around US$0.829, while the 50-day EMA is around US$0.7455 and the 200-day EMA is around US$0.965.

This condition indicates a tug-of-war between recovery momentum and longer-term trend pressure.

As long as SUI can hold above US$0.7455, the recovery structure still has room to develop. However, the upside will look more convincing if SUI resistance at US$0.965 is broken and sustained.

If the breakout is confirmed by an increase in SUI trading volume, the US$1.05 area could become the initial target. After that, US$1.60 would be a more aggressive target.

The US$1.60 target does not mean the price will necessarily reach it. From around US$0.829, SUI would need to gain more than 90%, requiring a significant shift in momentum.

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SUI Support Levels to Watch

In addition to resistance, investors should pay attention to several SUI support levels.

The US$0.795–US$0.832 area is an important short-term zone. As long as the price can hold this area, the recovery momentum remains relatively constructive.

If selling pressure increases and SUI falls below US$0.758, the risk of a correction becomes greater. The US$0.706 level would then become an area to watch. Meanwhile, a decline below the 50-day EMA around US$0.7455 could weaken the short-term bullish structure.

Therefore, SUI price predictions should not focus only on upside targets. The token's ability to hold support is what determines whether the next rally has a healthy technical foundation.

Read Also: Sui Confidential Transfers Beta: A Privacy Upgrade for Institutions

Sui Ecosystem Could Become the Next Catalyst

Beyond buybacks, the SUI trend is also linked to ecosystem development. Sui is currently developing various use cases across DeFi, payments, stablecoins, Bitcoin in DeFi, and AI-powered applications.

The Sui Foundation has also scheduled Sui Basecamp 2026 for October 7–8 in Singapore. The event will discuss the agentic economy and showcase efforts to surpass Sui's previous throughput record of more than 6 million transactions per second.

Catalysts like these can increase attention toward the ecosystem, but their impact on the token price still depends on whether network activity actually generates sustainable economic demand.

In other words, fundamental growth will be more meaningful if accompanied by increased network usage, liquidity, and on-chain activity.

Convert 1 SUI to IDR - Indonesian Rupiah Exchange Rate 

Can SUI Price Reach US$1.60?

Technically, the path toward US$1.60 is open in a bullish scenario, but the journey is not straightforward.

The first step is to hold the US$0.795–US$0.832 area. After that, SUI needs to move above the US$0.878 resistance and, most importantly, US$0.965. A breakout accompanied by higher trading volume could strengthen the potential move toward US$1.05.

If US$1.05 is broken and turns into support, the US$1.60 target becomes more technically realistic.

Conversely, failure to break US$0.965 could cause SUI to move sideways again. A decline below US$0.7455 could even open the way toward US$0.6615 based on the levels highlighted in the latest analysis.

Therefore, the SUI buyback provides a positive fundamental factor, but the US$1.60 SUI price target still requires confirmation from price action and volume.

Read Also: How to Stake SUI on Bittime in 4 Easy Steps

Conclusion

SUI price is at an important phase after recovering and receiving support from the buyback program. 

Purchases of more than 609,800 SUI indicate a sustainable demand mechanism, while ecosystem development provides an additional catalyst.

However, buybacks alone are not enough to guarantee a rally. From an SUI analysis perspective, US$0.965 is the key resistance that needs to be broken. If it succeeds with strong volume support, US$1.05 becomes the next target, while US$1.60 represents a more aggressive bullish scenario.

Conversely, losing the US$0.745–US$0.795 support zone could turn the recovery structure into a correction.

Thus, a move toward US$1.60 remains possible in the SUI price outlook, but breakout confirmation is far more important than relying solely on buyback sentiment.

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FAQ

What Could Drive the SUI Price Higher?

The SUI buyback, ecosystem growth, increased network activity, and altcoin market momentum could provide support. However, price gains still depend on demand and overall market conditions.

What Is the Most Important SUI Resistance Level?

The US$0.965 area is the main resistance because it is close to the 200-day EMA. A strong breakout above this level could open the path toward US$1.05.

Can SUI Reach US$1.60?

US$1.60 is a technically possible bullish scenario, but it would require a gain of more than 90% from the US$0.829 range. A gradual breakout and volume support will be important confirmations.

Which SUI Support Levels Should Be Watched?

The US$0.795–US$0.832 area is a short-term support zone. Meanwhile, US$0.7455 and US$0.6615 are important levels if selling pressure increases.

What Is the Impact of Buybacks on the SUI Token?

Buybacks can create additional demand in the market. However, their impact on price is not automatically bullish because it is still influenced by trading volume, liquidity, selling pressure, and market demand.