As the cryptocurrency market shows signs of resurgence, Sui’s price has risen above $3.60, with bullish investors targeting key resistance levels. With the total value locked in Sui reaching $2 billion, many believe it could approach its all-time high of approximately $5.35.
Current Price Trends for Sui
- Sui’s price is currently above $3.60, with bulls eyeing critical resistance levels.
- Its all-time high stands at around $5.35, attainable as Sui’s total value locked hits $2 billion.
- Bulls are targeting a resistance point at $4.12, while bears are eyeing $3.20 if momentum weakens.
Over the last 24 hours, Sui’s price has seen a modest increase, peaking at $3.70 amid a broader upward trend in the cryptocurrency market. Notable coins like Ethena, Pendle, and Ondo have also advanced, coinciding with Bitcoin’s testing of the $115,000 mark and Solana’s breakthrough at $240.
Maintaining a trading volume of around $949 million over the past day, Sui appears poised for a rally towards its historical peak above $5.35. The rise of decentralized finance (DeFi) and the growing adoption of web3 further position Sui as a frontrunner, potentially paving the way for the token’s ascent.
Factors Driving Bullish Momentum for Sui
Sui has bounced back from a network setback earlier in 2025, following a breach within its ecosystem. The token rebounded from lows of $1.91 to retest peaks of $4.32.
The Move programming language has gained traction due to its scalability and interoperability, making Sui one of the most attractive tokens for buyers. While Ethereum and Solana dominate the altcoin sentiment, Sui’s technical outlook sets the stage for a new attempt at its all-time high.
Developer activity, daily active wallets, and rising DeFi total value locked are indicators of Sui’s strength. Additionally, the ecosystem is expanding with integrations such as zkLogin, which enhances user onboarding.
Sui is also making strides with initiatives like the yield aggregator Strategies, which has attracted millions in deposits in just weeks. With a strong focus on gaming, NFTs, and DePIN projects, Sui diversifies its revenue streams, complemented by stablecoin market capitalization surpassing $793 million.
Furthermore, Sui’s network revenues are on the rise, supported by platforms like Suilend, NAVI, and Bluefin, contributing to a total value locked in Sui’s protocols of over $2 billion. The cryptocurrency market’s growing appeal to Wall Street, amid a rush for digital asset treasuries, acts as another catalyst for Sui’s price momentum. The impending SEC approval of new cryptocurrency exchange-traded funds, including deposits for Sui, has also buoyed bullish sentiment.
Price Outlook for Sui
Several indicators converge, suggesting a potential breakout above critical resistance levels in the short term. Trading above $3 is crucial for Sui, possibly serving as a pivotal moment for buyers to sustain a long-term bullish trend.
The relative strength index (RSI) is hovering around 55, indicating a neutral momentum that allows room for additional growth before entering overbought territory. Additionally, the moving average convergence divergence (MACD) supports an upward trend with a bullish crossover.
Analysis of the price chart indicates that $3.70 is a key level, with breaching immediate resistance at $4.12 potentially triggering a measured move towards $5. The all-time high resides in the range above this level.
Conversely, a bearish reversal could bring Sui’s price down to a support level around $3.20, with bears potentially targeting a safety net for buyers around $2.61 should a retracement gain momentum.
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