Sui's price has dropped to $1.00 as of May 27, 2026, following a failed breakout attempt earlier in the week. The cryptocurrency opened the week at $1.0584 and briefly surged to $1.16 by May 22, before losing momentum and declining back to the $1.00 level. This reversal has shifted the market sentiment from bullish to defensive. The key level of $1.05, which served as the weekly open and midweek pivot, has now become a resistance point. A close above this level is necessary to mitigate the bearish outlook. The rejection at $1.16 resulted in a complete retracement of the week's gains, highlighting the volatility and uncertainty in Sui's price action. Traders are now focused on whether Sui can reclaim the $1.0584 level to stabilize the weekly chart.