Sui Eyes $2 Target as AI and Stablecoin Strategies Drive Momentum

Sui price surged 4.43% to $1.23 as Mysten Labs co-founder Adeniyi Abiodun outlined a strategy focused on global payments, stablecoins, and AI-agent transactions. Traders are closely monitoring the $1.27 level as a potential bullish breakout confirmation.

The Sui network has processed over $1 trillion in stablecoin transfers since August 2025, according to the Sui Foundation. Google also listed Mysten Labs as a collaborator behind AP2, its open protocol for AI-driven payments systems. Additionally, USDsui, a native stablecoin for payments applications, launched in March through Stripe-owned Bridge.

Analysts identify $1.27 as immediate resistance, with a $2 target contingent on a breakout. CoinGecko data shows SUI trading near $1.23, with a market value close to $5 billion and roughly $878 million in 24-hour trading volume. Abiodun emphasized Sui’s long-term ambition to compete with traditional payment infrastructure, even suggesting its goal is to “replace SWIFT.”

On the technical front, SUI is trading above the upper Bollinger Band near $1.19, with the 20-week middle band around $0.83. The Relative Strength Index stands at 58.71, indicating stronger upside momentum. Analysts like Ali Martinez and Celal Kucuker highlight $1.27 as a key level, with Kucuker suggesting a break could bring $2 into view.

Stablecoins remain central to Sui’s payment strategy, with Abiodun describing them as critical for continuous operation outside banking hours. Recent integrations, such as Daya’s use of Sui for gasless stablecoin transfers in Nigeria, further expand the network’s payment capabilities.

AI agents are another focus, with Abiodun expecting them to drive blockchain transactions as software automates payments and fund transfers. Sui’s collaboration with Google on the Agent Payments Protocol (AP2) underscores this vision, aiming to enable AI agents to make verifiable payments across different systems.