Coinbase Launches SUI Staking, Token Approaches $0.78 Resistance

Coinbase Unveils SUI Staking

On July 22, 2026, Coinbase announced the rollout of SUI staking, allowing users to stake SUI tokens with a minimum of just 1 token. The exchange has estimated annual rewards ranging from 1.4% to 3.3%. This comes as the SUI token is testing significant resistance around $0.78, with the potential for a breakout aiming towards $0.91.

Details of the Staking Program

With this new service, eligible Coinbase users can stake their SUI tokens while keeping them on the exchange, thus avoiding the need to transfer assets elsewhere. Coinbase emphasized that rewards will accumulate directly in customer accounts, presenting it as a straightforward feature for users.

In its announcement, Coinbase stated, “You can now stake SUI – directly on Coinbase,” highlighting instant rewards that add to users’ accounts. The staking rewards will be distributed after each 24-hour network epoch and will automatically compound, enhancing later payouts based on the updated total.

Market Response and Technical Analysis

As of the announcement, SUI was trading at approximately $0.772 on Binance, just below a resistance zone that has turned away previous advances since June. Chart analysis shows the formation of an ascending triangle pattern, with SUI’s price creating a series of higher lows against the $0.7806 resistance. A close above this level could confirm a breakout, potentially targeting around $0.9095.

Momentum indicators are mixed, with the 4-hour Relative Strength Index (RSI) at 59.97, indicating that SUI has room to rise but may be slowing down. Additionally, the Aroon indicator reflects weakening upward momentum.

Additional Developments with Sui’s Hashi Testnet

Coinbase’s staking announcement coincided with the launch of Sui’s Hashi testnet, which is enabling over 25 partners to explore Bitcoin-backed financial applications. The Hashi protocol integrates Sui’s network with a security layer, providing a controlled environment for institutions to test BTC-backed services prior to their mainnet release.

As the cryptocurrency market continues to evolve, Coinbase’s introduction of SUI staking could serve as a significant catalyst for the token’s performance and broader adoption.