Sui Price Surges 4.43% to $1.23, Traders Watch $1.27 Level

Sui (SUI) price surged 4.43% to $1.23 on October 5, with traders watching the $1.27 level as the next resistance point. According to analyst Ali Martinez, an hourly close above $1.27 could confirm another bullish breakout.

Mysten Labs co-founder Adeniyi Abiodun outlined a plan focused on payments, stablecoins, and AI-agent transactions. The Sui network has processed over $1 trillion in stablecoin transfers since August 2025, and has introduced gasless transfers for supported stablecoins.

Google listed Mysten Labs among the collaborators behind AP2, its open protocol for AI-driven payments. Analyst Celal Kucuker said a bull flag break in October could bring $2 into view, and he tied a longer-term call above $10 to a future bull market.