As the cryptocurrency market recovers alongside Bitcoin’s surge, Sui has gained significant momentum, posting monthly increases of over 85%. Analyst forecasts suggest further growth, highlighting a positive trend in altcoin performance.
Sui Price Surge Amid Market Recovery
The price of Sui has surged by 12% over the past week, fueled by Bitcoin nearing the $100,000 mark. This overall market upswing follows a trade agreement announcement between U.S. President Donald Trump and the United Kingdom, positioning BTC for potential further gains.
This resurgence in the altcoin market has coincided with Sui’s impressive performance. Crypto analyst Captain Faibik has predicted that Sui’s price could reach $4.25, based on favorable technical indicators.
Strengthening Ecosystem for Sui Tokens
In the last 24 hours, the market capitalization of Sui’s ecosystem tokens has increased by over 6%, surpassing $29 billion. The native SUI token accounts for $12 billion of this total, with several key ecosystem tokens reporting noteworthy gains.
Specifically, tokens such as Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) have experienced price increases of 10%, 9%, and 12% respectively. Their market capitalizations stand at over $1.4 billion, $800 million, and $596 million.
Is Sui Set to Rally Above $4?
The recent gains in Sui and its associated tokens reflect broader market trends, with bullish sentiment emerging amidst macroeconomic and regulatory catalysts. Faibik’s bullish forecast for SUI is based on technical analysis indicating a breakout from a channel pattern.
Currently trading around $3.79, Sui has shown a nearly 12% increase with a 24-hour volume of $2.18 billion. A decisive push above the $4 mark would refocus buyer attention on the historic high of $5.35, achieved on January 6, 2025, marking a potential rise of 29% from current levels.
Importantly, Sui has boasted over an 85% increase in the past month, recovering sharply from a low of $2.03 on April 16, 2025. Despite possible macroeconomic headwinds that could impede the broader risk asset market, current perspectives indicate that bullish forces may be gaining ground.
The growing appeal of Sui as a blockchain network for digital asset ownership adds to the optimism, although profit-taking could temper this upward momentum.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
