Coinbase unlocks SUI staking as token presses against $0.78 wall

Coinbase has opened SUI staking with a one-token minimum and estimated annual rewards of 1.4% to 3.3% as Sui tests resistance near $0.78.

Coinbase announced the rollout on July 22, giving eligible customers a way to stake SUI and collect rewards without moving their tokens away from the exchange. The company presented the service as a direct account feature, although access depends on the customer’s location.

“You can now stake SUI — directly on Coinbase,” the exchange wrote in its announcement, adding that rewards accumulate in customer accounts.

Eligible users can begin with as little as 1 SUI, according to Coinbase. Estimated returns range between 1.4% and 3.3% per year, but the exchange’s quoted rate may change because staking returns depend on network conditions and other factors.

Rather than following a weekly or monthly payment schedule, Coinbase will distribute SUI rewards after each 24-hour network epoch. The exchange will also add those rewards to the customer’s staked balance through automatic compounding, allowing later payouts to accrue on the updated amount.

Regional restrictions still apply to the product. Coinbase noted that staking is unavailable in some jurisdictions and described the published return range as an estimate rather than a guaranteed yield. The company also stated that its announcement did not constitute investment advice or a recommendation to buy or sell SUI.

Staking access adds a fresh SUI catalyst

SUI traded near $0.772 on Binance when the supplied TradingView charts were captured on July 22, placing the token just below a resistance area that has rejected several advances since June.

On the 4-hour chart, SUI has formed a series of higher lows against horizontal resistance near $0.7806. This structure resembles an ascending triangle, with its rising trendline extending from the late-June low near $0.65 toward the current price.

A 4-hour close above $0.7806 would confirm the breakout only if buying activity follows, according to the chart structure. The pattern’s measured move points toward approximately $0.9095, representing a potential increase of about 16.7% from the breakout line rather than a guaranteed target.

Momentum readings offer mixed but generally constructive signals. The 4-hour relative strength index stood at 59.97, below its signal average of 61.75 and well short of the usual overbought threshold at 70. SUI therefore retains room to advance, although the slight RSI slowdown shows that buyers have not yet secured the breakout.

The Aroon indicator provided a more cautious reading, with Aroon Down at 42.86% and Aroon Up at 7.14%. Under that indicator, the higher downside reading suggests that recent upward momentum has weakened even as price continues to hold its rising support line.

Daily indicators present a firmer accumulation picture. The supplied chart shows the MACD line at 0.0063, above the signal line at 0.0040, while the positive histogram was beginning to expand. Chaikin Money Flow stood at 0.10, indicating that buying pressure exceeded selling pressure during the measured period.

SUI must first clear $0.8188, the 78.6% Fibonacci retracement of its decline from $1.4246 to $0.6539, before the daily chart can support a larger recovery. Above that barrier, the displayed Fibonacci levels place the next resistance zones at $0.9483 and $1.0392.

Failure to break the $0.78–$0.82 area would keep SUI inside its current consolidation. Based on the charts, the rising 4-hour trendline provides initial dynamic support near $0.74, while the daily swing low at $0.6539 remains the main downside level.

Hashi testnet expands Bitcoin activity on Sui

Arriving alongside the Coinbase rollout, Sui’s Hashi testnet has given developers, institutions, custodians and infrastructure providers a place to test Bitcoin-backed financial applications before a mainnet release. The Sui Foundation stated that more than 25 ecosystem partners had joined the testing phase.

Hashi combines Sui’s network with a security system known as the Guardian Layer, according to the foundation. The protocol is designed to give participants additional control over Bitcoin used as collateral while keeping transactions transparent and programmable onchain.

Through the testnet, participating firms can experiment with BTC-backed lending, credit products and yield strategies without deploying those services on the final network. The Sui Foundation also identified Wave Digital Assets as a launch partner involved in the institutional testing effort.

Coinbase’s staking release also arrived on the day the exchange and the U.S. Securities and Exchange Commission ended a long-running Freedom of Information Act dispute. As reported by crypto.news earlier today, the SEC agreed to pay Coinbase $150,000 as part of the settlement.

Coinbase shares did not follow the positive product news during the session. According to Yahoo Finance data, COIN fell 3.65% to $169.42 intraday, separating the stock’s performance from SUI’s attempt to break its short-term resistance.