Cetus plans to bolster security through rigorous testing, expanded audits, and a strengthened bug bounty program.
SUI is attempting to regain traction, currently trading at $3.6292 with a modest 1.34% uptick on the 4-hour chart noted by Crypto Man MAB in a recent X post. After reaching a 24-hour high of $3.9599, the pair encountered strong resistance, triggering a sharp pullback. SUI’s rejection has led to a notable 6.64% decline over the past day, raising questions about whether SUI can stabilize or if further downside is ahead. SUI Uptrend Peaks At $4.20 Before Sharp Reversal MAB’s recent analysis highlights that from May 20 to May 23, SUI experienced a clear uptrend, marked by consistently higher highs and higher lows. The steady upward movement peaked around the $4.20 level, reflecting strong bullish momentum during that period. Related Reading: SUI Preparing For Another Leg Up – Is $5 The Next Target? However, shortly after reaching its peak, SUI faced a sharp reversal. Large red candles appeared on the chart, indicating heavy selling pressure and a rapid loss of value. This sudden downturn from the recent highs caught many by surprise, with profit-taking triggering fears in the market. Volume analysis further supports this narrative. There was a notable spike in volume at the peak and during the sell-off, showing strong market participation in the decline. Currently, trading volume remains elevated at around 462.57 million USDT, which indicates continued activity. SUI is now testing a critical support zone between $3.6000 and $3.6500. A break below this area might pave the way for further losses, pushing the price down to the 24-hour low near $3.5233 or even lower. Market Sentiment: Fear Or Opportunity? Crypto Man MAB elaborated on the market dynamics by pointing out clear bearish signals alongside potential bullish opportunities. He noted that the sharp decline from the $4.20 peak and the inability to maintain levels above $3.8000 signal that bearish momentum is dominating. This is supported by the 7-day performance, which shows a 5.62% drop, underscoring the prevailing short-term weakness. Related Reading: SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus On the bullish side, the analyst pointed out that if the crucial $3.6000 support level holds firm, there could be a rebound toward $3.8000, a previous resistance turned into a support level. This support could encourage SUI buyers to re-enter the market, setting the stage for upward movement. Looking beyond the immediate fluctuations, the analyst emphasized that the 30-day gain of 20.29% and the 90-day gain of 5.90% reflect an overall positive trend for SUI. Despite recent setbacks, this suggests that a sustained recovery remains possible if buying pressure strengthens. To sum up, he highlighted that SUI stands at a crucial crossroads, and a drop below the $3.6000 support could lead to additional downside pressure. However, a strong bounce from this zone might pave the way for a recovery supported by increasing volume, whereas growing volume on a decline would reinforce the bearish outlook. Featured image from Adobe Stock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Cetus Protocol, a decentralized exchange (DEX) operating on the Sui Network, has suspended its smart contract operations after a serious security breach. The platform confirmed the exploit on May 22 through its official X account, noting that the shutdown was necessary to prevent further fund loss, stating, “????Alert Announcement ???? There was an incident detected […]
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Cetus is Sui’s biggest liquidity provider and decentralized exchange.
Tokens, including LOFI, HIPPO, and CETUS itself, dropped more than 50% over the past hour on decentralized exchanges.
After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrency’s next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally. Related Reading: Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs SUI Party On Pause SUI has seen an impressive 120% recovery from April’s $1.76 low, reclaiming the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token unlock, rallying to a fourth-month high of $4.29 last Monday. However, SUI has retraced 10% from last week’s high, hovering between the $3.60-$4.10 price range. Trader Froggy pointed out that the cryptocurrency is approaching the significant $4.00 resistance, which it has been unable to hold for seven days. Breaking above this level “will set the stage for a strong move up,” he explained, adding, “This could be the trigger that breaks the range and opens up the next leg higher.” Meanwhile, Rekt Capital recently highlighted that SUI has built a re-accumulation range, between $3.39 and $3.78, like it did in late 2024. At the time, the cryptocurrency consolidated around this range’s upper boundary for weeks before Weekly Closing above this level and retesting it as support to confirm a breakout towards a new ATH. This time, SUI closed above the $3.78 mark two weeks ago and confirmed it as support last Sunday after closing the week at $3.94, which could suggest that a breakout to a new high is coming. SUI’s Rally To $5.00 Loading? Sjuul from AltCryptoGems considers that SUI’s consolidation is loading the cryptocurrency’s next leg up, resembling its previous performance. According to the analyst, the altcoin is consolidating within a short-term bull flag and preparing for a breakout, like it did twice in the past month. Similarly, AltCryptoTalk affirmed that SUI is “overall bullish” according to its recent all-time high (ATH) performance and advised investors not to let the recent pullback “fool” them, if it holds the $3.30 support. The analyst noted that the cryptocurrency’s latest ATH breakout saw a four-stage rally, with an initial big impulse and correction, and three smaller impulses followed by corrections. Based on this, SUI is likely preparing for the second smaller impulse, as it registered a bigger breakout in late April and a smaller rally in early May. However, he warned that the smaller impulse after a bigger one is “usually a sign of weakness.” Related Reading: Bitcoin Price Nears Record Highs: Are We Headed For A $120,000 Breakout For its next jump, the altcoin must break through the range’s upper boundary, around the $4.00 mark, before continuing its rally. If history repeats, SUI could reach the $5.00 mark in the coming weeks, “I’m waiting for this high or a new high to be formed and then to expect another bigger bullish wave,” the analyst concluded. As of this writing, SUI trades at $3.84, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The resilient cryptocurrency shows remarkable recovery amid broader market volatility, establishing higher lows throughout trading session.
Peg-BTC (YBTC), the bridged version of BTC, can be deployed in the SUI-based DeFi to generate yield.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Institutional appetite for digital assets is gaining momentum, with crypto investment products recording $882 million in inflows last week. According to new data from CoinShares, this marks the fourth straight week of positive flows. In 2025, digital asset investments have seen total inflows of $6.7 billion, which is rapidly approaching the $7.3 billion high set […]
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SUI, one of the leading altcoins of this cycle, targets the key $4.00 barrier after its recent price surge. Amid its reclaim of key supports, an analyst suggests the cryptocurrency could retest a crucial level before its upcoming expansion. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal SUI Eyes 17% Jump Over the last two weeks, SUI has jumped nearly 85%, breaking above the crucial $3.80 barrier and recovering from its multi-month downtrend. During the Q1 market retraces, SUI lost key support levels and retraced over 68% from its January high of $5.35 toward its $1.71 six-month low. In March, the cryptocurrency attempted to reclaim the crucial $3.00 barrier, driven by the news of institutional adoption, but failed to confirm the breakout. Before its recent token unlock, the cryptocurrency saw its price rise from the $2.11 mark and reclaim the $3.00 resistance for the first time since February, rallying to a two-month high of $3.87. Its bullish momentum slowed after the unlock of 88.34 million SUI tokens, worth around $300.4 million, on April 30. The cryptocurrency saw an 8.5% retrace, dropping from $3.51 to $3.21. On Monday, SUI’s price jumped 5.2%, recovering the $3.40 support as the recent selling pressure decreased. Analyst AMCryptoAlex considers that the altcoin could hit the $3.90-$4 resistance after the unlock, if the flagship crypto, Bitcoin, holds the $94,000 mark. Meanwhile, analyst Lennaert noted that SUI could see a bullish continuation of its recent performance after retesting the $3.20-$3.25 support zone and bouncing. “If momentum flips, we’ll be testing the highs in no time. SUI repeatedly proved it doesn’t need much to pump hard. The team keeps on building, and it’s already growing to be one of the most promising ecosystems,” the analyst concluded. Is A $3.25 Retest Coming? Analyst Sjuul from AltCryptoGems suggested that SUI is potentially forming a Power of 3 (Po3) setup in a low timeframe. The Po3 pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. In the accumulation phase, a consolidation occurs near the recent high after a strong price performance. Meanwhile, the manipulation phase sees a token’s price falling below the accumulation phase’s support level and trades within a range below the recently lost zone. The distribution phase consists of a strong price breakout, with momentum building and participants entering the market. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges According to the analyst, SUI started the accumulation phase after its recent breakout, hovering between the $3.25-$3.85 price range over the next few days. Amid the Sunday price drop, the cryptocurrency began the second phase, falling below the range’s lower boundary and trading near that level throughout the day. Since recovering the $3.25 mark today, SUI has seemingly entered the distribution phase, which could see SUI test the $3.25 support before soaring toward the $4.00 resistance. “Watch for a retest of that support level—or close to it—as we might see an expansion afterwards,” he concluded. As of this writing, SUI trades at $3.46, a 56% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? Market sentiment has been shifting as altcoins regain strength alongside Bitcoin’s consolidation above $95K. In this context, SUI has emerged as one of the stronger performers. Still, the challenge lies in clearing the $4 level with volume, which could unlock further upside potential and open the path toward price discovery. Top analyst Kaleo shared an insightful analysis on X, noting that SUI is gaining momentum and looks poised to reclaim the $4 mark soon. According to Kaleo, this level could act as the launchpad for the next leg higher, provided bulls maintain pressure and volume supports the move. With macro uncertainty still clouding the broader market, SUI’s upcoming price action could serve as a barometer for altcoin strength in the near term. SUI Leads Altcoins As Bulls Target $4 SUI has emerged as one of the most resilient and promising Layer-1 (L1) blockchains in the current market cycle. A Layer-1 blockchain refers to the foundational network infrastructure of a blockchain ecosystem—examples include Ethereum, Solana, and now SUI. These platforms host smart contracts and decentralized applications (dApps), and their strength often defines how much developer activity and user engagement they attract. In this context, SUI is positioning itself as a serious contender in the competitive L1 space. Amid growing volatility and macroeconomic uncertainty, SUI has held up remarkably well, showing strength even as other altcoins remain trapped in consolidation. Its relative strength against Bitcoin—often a key indicator of altcoin momentum—has not gone unnoticed. Kaleo recently noted that SUI is displaying a solid performance versus BTC and appears ready to reclaim the $4 level, a major resistance area that has capped the upside for weeks. A clean break above $4 could trigger a broader rally, especially if market conditions remain favorable for altcoins. However, despite the bullish signals, risks remain high. Some analysts warn that the market could face another retrace as global tensions and uncertain liquidity conditions continue to shape sentiment. In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outperform other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence With bullish structure intact and volume beginning to build, SUI could be one of the first major altcoins to lead the charge—if the breakout above $4 confirms. Price Holds Key Support Ahead Of Breakout Test SUI is currently trading at $3.46, holding firm above the 200-day moving average (MA), which sits around the $3.25 level. This key technical support has acted as a strong foundation during recent volatility, signaling that bulls still maintain control of the short-term structure. As long as SUI stays above this zone, the possibility of continuation remains intact. The next major hurdle lies at the $4 mark—a psychological and technical resistance level that has rejected price advances several times in recent weeks. A decisive breakout above $4, followed by a close above the $4.20 area, would confirm a bullish setup and could trigger further upside momentum toward new highs. However, caution is warranted. If SUI fails to reclaim $4 and slips below the $3.20 level, it may test deeper support near the $2.80 zone. Losing this range could shift sentiment and open the door to a broader correction, especially if weakness returns to the overall altcoin market. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? For now, bulls are in a position of strength, but confirmation requires sustained buying pressure and a clean breakout above overhead resistance. The coming sessions will be key in determining whether SUI can lead the next altcoin rally. Featured image from Dall-E, chart from TradingView
Initially launching on Sui, Game Dollar is designed to power purchases, subscriptions and rewards across gaming ecosystems.
21Shares president is speaking today at Sui's annual Basecamp conference.
Amid a general crypto market rebound, SUI stood out from the crowd, emerging as the second-highest weekly gainer, rising by 67.21%. The prominent altcoin has been one of the major headliners of the current market cycle, increasing by 192.70% in the past year. However, certain market technical indicators show that SUI is likely headed for a correction following its most recent explosive gains. Related Reading: SUI Price Soars Despite Overbought RSI – Can The Rally Sustain? Elliott Wave Count Suggests Pullback Looms For SUI In an X post on Friday, X market analytics handle More Crypto Online shared an interesting analysis on the SUI market using the Elliott Wave theory — a technical tool that predicts future price trends by recognizing recurring wave-like patterns. According to the analysts at More Crypto Online, SUI’s bullish performance in the past week means the altcoin has surged to the 178.6% Fibonacci extension level around $3.71. This specified Fibonacci level represents a major technical milestone as it is a classic target area in Wave 3 in the Elliott Wave analysis. For context, the Elliott Wave theory postulates that price movements occur in five recurring wave patterns. Wave 3 is usually regarded as the strongest and longest wave in a bullish trend. It is a wave of confirmation indicating a robust market participation. Based on the current wave count in the SUI market, the altcoin is completing the final stages of Wave 3, having surpassed the minimum Fibonacci extension level of 138%. As expected, signs of waning demand are beginning to set in, as indicated by a 5.7% price retracement in the past day. More Crypto Online predicts Wave 4 — a corrective price phase may now be imminent. SUI is expected to experience a price pullback with initial support zone set at $3.27. Notably, a decisive price break below this level would confirm the end of Wave 3 and the beginning of Wave 4. Furthermore, a deeper market support lies between $2.95 and $2.75, which represents the 38.2% – 50% Fibonacci retracement zone of the Wave 3 move. More Crypto Online views this price region as the support target zone for a healthy Wave 4 correction. Therefore, market bulls must hold this price zone to retain SUI’s bullish structure and set the stage for a potential Wave 5 breakout. SUI Price Outlook At press time, SUI trades at $3.58 following an 8.85% overall gain in the past day. Meanwhile, the coin’s daily trading volume is up by 18.64% and valued at $3.44 billion. If SUI’s price retracement continues, the altcoin is expected to trigger Wave 4 of its current wave cycle, indicating a potential 50% correction lies ahead. However, if bullish momentum remains intact, SUI could rise to around the 200% Fibonacci extension level, around $3.99, which represents the coin’s next major resistance. Related Reading: Ethereum Up 12% In a Week, but Derivatives Data Suggests Caution Featured image from Adobe Stock, chart from Tradingview
SUI has been trading with impressive strength since setting a local low around $1.71 just over two weeks ago. Since Monday, SUI has gained more than 79% in value, reflecting a surge in bullish sentiment and positioning itself as one of the standout performers in the current market environment. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity However, risks remain elevated as tensions between the US and China continue to escalate, creating uncertainty across financial markets. Trade conflicts and geopolitical friction could still weigh heavily on risk assets if conditions worsen. Top analyst Kaleo shared an analysis highlighting that SUI is gaining strength against Bitcoin, marking one of the first times in recent months that an altcoin shows significant relative performance compared to BTC. This strength is notable as most altcoins have struggled to outperform Bitcoin in a market dominated by caution and defensive positioning. The next few days will be critical in determining whether SUI can sustain its breakout or if a period of consolidation will follow. SUI Leads Layer-1 Blockchains as Momentum Builds SUI has positioned itself as one of the leading Layer-1 (L1) blockchains during the recent market rally. A Layer-1 blockchain refers to a base blockchain network, such as Bitcoin or Ethereum, that processes and finalizes transactions without relying on another external chain. These networks operate independently with their own security protocols, native tokens, and decentralized validators, forming the backbone of the broader crypto ecosystem. Over the past two weeks, SUI has shown remarkable strength, significantly outperforming many other assets. If the market enters a sustained bullish phase for altcoins, SUI is likely to continue leading the pack, thanks to its recent resilience and strong relative performance. However, the environment remains extremely high risk. Some analysts are warning that current levels across crypto and equities could trigger a sharp market-wide retrace if sentiment shifts. Kaleo’s recent analysis on X suggests that SUI’s strength against Bitcoin is a particularly encouraging sign. He notes that SUI might be one of the first major L1s to hit new all-time highs during this bounce, reflecting strong underlying demand. The next week will be critical; US equities are now testing major resistance zones, and uncertainty around the ongoing US-China trade conflict continues to weigh heavily on global markets. How financial markets react over the coming days will likely influence whether SUI can extend its rally or enters a period of consolidation alongside broader risk assets. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line? SUI Battles Key Levels As Bulls Push Forward SUI is currently trading at $3.53 after several days of aggressive buying pressure that has propelled the price higher. The bullish momentum has been impressive, positioning SUI as one of the strongest-performing Layer-1 blockchains in the market. However, for this momentum to sustain, bulls must defend critical levels. The most important short-term level is $3.20, which aligns closely with the 200-day moving average (MA). Maintaining price action above this zone would confirm a bullish market structure and offer a solid foundation for further gains. If SUI manages to hold above the 200-day MA, it would signal strong underlying demand and reinforce bullish sentiment around the asset. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected For a continuation of this aggressive uptrend, the key challenge lies at the $4.00 mark. Reclaiming and consolidating above this resistance would open the path toward a potential new all-time high (ATH), especially if momentum remains strong across the broader crypto market. Featured image from Dall-E, chart from TradingView
As Bitcoin closes the week at a two-month high above $93,000, and other major cryptos like Solana and Ethereum register impressive gains, Sui Network has emerged as the leader of the top-cap coins, registering a 70% weekly price increase. The rally appears to have been fueled by the launch of the Grayscale SUI Trust and […]
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The price of SUI has been on a relentless upward trajectory, defying traditional market warnings as its Relative Strength Index (RSI) enters overbought territory. Typically, an overbought RSI suggests an asset may be due for a pullback, yet SUI continues to surge. With bullish momentum still strong, key factors such as rising demand, ecosystem developments, or broader market trends could be fueling this resilience. However, as the RSI hovers in overextended zones, the critical question remains: Can SUI sustain its rally, or is a reversal on the horizon? RSI Hits Extreme Levels As SUI Climbs Higher In a recent post on X, analyst GemXBT highlighted that the SUI chart continues to show a strong bullish structure, marked by consistently higher highs and higher lows, a classic signal of upward momentum. According to the chart, key support zones are holding firm around $2.80 and $3.00, providing a solid base for the price to build upon. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Also, resistance is near the $3.60 level, which could act as a critical barrier for the bulls to overcome. As long as the current structure remains intact and price respects these support zones, SUI’s upward trend may still have room to run, especially if it manages to break through the $3.60 resistance with strong volume. However, GemXBT also pointed out that the RSI is currently flashing overbought conditions, which typically signals that the asset may be nearing a short-term top. While the overall trend remains bullish, this indicator suggests that a potential pullback or period of consolidation could be on the horizon. The analyst added that although buying pressure remains strong and momentum is clearly in favor of the bulls, traders should proceed with caution. Overbought signals often precede cooling phases, especially if volume begins to taper off or price struggles to break above resistance. Watching The Pullback: Where Bulls Might Reload Analyst GemXBT identified the $3.00 and $2.80 levels as critical support areas to watch. These zones have acted as solid demand regions in the past and may once again serve as springboards if prices dip from current highs. A controlled pullback into these levels, especially if accompanied by decreasing volume, would suggest profit-taking rather than panic selling—a positive sign for bulls aiming to push higher. Related Reading: SUI Poised For Price Rally? Ascending Channel Suggests Move Toward $2.50 If buying pressure returns around these support zones and the price structure of higher highs and higher lows remains intact, SUI could be setting up for a renewed breakout. The next major hurdle remains near $3.60, and reclaiming that level would open the door for a broader upside run. Featured image from Medium, chart from Tradingview.com
Speculation that the Pokémon franchise could make its leap onto the Sui blockchain is fueling a price spike in Sui’s native token. SUI has rallied more than 63% over the past four days, climbing from $3.10 to $3.42, even as Bitcoin gained a comparatively modest 7% in the same period. SUI x Pokémon? Market observers trace SUI’s outperformance to a cluster of social-media posts that connect the dots between The Pokémon Company’s latest update to its Pokémon HOME mobile app and recent disclosures from the Sui ecosystem. On April 23, Pokémon HOME added a medal-collection feature and—crucially—quietly amended its privacy policy to include Parasol Technologies as an approved developer permitted to receive user data. Parasol, a blockchain-gaming studio, was recently acquired by Mysten Labs, the core development team behind the Sui network. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Within hours, prominent crypto commentators amplified the coincidence. TylerD (@Tyler_Did_It) told followers: “Pokémon on Sui? The rumor mill is working overtime on this one. Today, Pokémon HOME had a privacy policy update which includes a new developer—Parasol Technologies. Mysten Labs owns Parasol—and is also the developer behind Sui. Not too hard to start connecting these dots…” Shotgun (@shotguncaio), founder of The Espresso Shot, pointed to a since-deleted Sui Foundation blog entry that, according to screenshots, briefly mentioned Pokémon-branded NFTs: “The official Sui Foundation blog confirmed (and removed) Pokémon NFTs. … When Parasol Technologies—owned by Mysten Labs, the company behind Sui—was included in their privacy policy, the rumors became more intense. … Those ‘medals’ are tradable, unique digital items with distinct codes and serial numbers rather than SBTs (soulbound tokens). In my opinion, this adds an element of excitement by introducing a trading layer.” Ashen (@solashenone), founder of Kamai Finance, emphasized the corporate links: “Mysten Labs owns SUI and recently acquired Parasol Labs. Parasol Labs is listed as a dev in the new Pokémon HOME game. Could this be because Ashen one is heavily invested in Pokémon cards and SUI now?” Gaming Daily (@GamingDailyx) summarized the emerging narrative for a broader gaming audience: “RUMOR: Pokémon x Sui. Pokémon might be closer to Web3 than we think. Parasol Technologies now listed in Pokémon HOME’s privacy policy. Parasol is owned by Mysten Labs, the creators of Sui. No comments yet from Nintendo or TPC.” Related Reading: SUI Price Nears $2.82 Resistance – Is A Breakout Imminent? Beyond social media, a separate report detailing the April 23 app update underscored why Parasol’s name matters. While the Sui Foundation’s blog post of the same day announced that Parasol will launch trading-card games such as Capybara Fusion and Code of Joker: Evolutions on Sui, it made no mention of Pokémon. Nevertheless, the proximity of the announcements—and the franchise’s history with collectible assets—has stoked expectations that Pokémon’s sprawling intellectual-property empire could experiment with tokenized items on Sui. The Pokémon brand commands one of the most valuable trading-card markets in the world; in 2022, YouTuber Logan Paul paid $5.275 million for a single Pikachu Illustrator card in a private sale that set a world record. Yet blockchain integrations have historically met fan resistance: a 2023 Pokémon Company job post seeking candidates familiar with NFTs generated swift backlash from long-time players. Neither Nintendo, The Pokémon Company, nor Mysten Labs has issued an official statement on any Pokémon-related blockchain initiative. The absence of confirmation has not dampened momentum in the SUI market, where traders appear willing to price in even a slim probability of a Pokémon partnership. At press time, SUI traded at $3.54. Featured image created with DALL.E, chart from TradingView.com
SUI is leading the crypto market with a 56% surge over the past seven days, reigniting bullish sentiment toward the token. Amid its price recovery, some analysts suggested that the cryptocurrency is about to start a massive rally toward new highs. Related Reading: ‘All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection SUI Reclaims $3 Amid Breakout On Thursday, SUI, one of the leading cryptos of this cycle, saw an 11% daily jump to break above a crucial barrier. The token has been in a multi-month downtrend since hitting its all-time high (ATH) of $5.35 four months ago. Throughout the 2025 corrections, the cryptocurrency has lost key support levels, retracing over 68% from its January high. However, it attempted to reclaim the $2.70-$2.80 resistance level last month after trying to break out from its multi-month falling wedge structure. In March, the token surged to this key region following the news of institutional adoption, including Canary Capital’s filing of a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Ultimately, it failed to confirm the breakout and turn this level into support, dropping to pre-US election breakout levels in the following weeks. Nonetheless, SUI’s 56% weekly breakout has sent the cryptocurrency back above the $3.00 and $3.20 levels, lost in March. Moreover, SUI has broken out of its falling wedge pattern again, which could propel the token to new highs if the breakout is confirmed. Notably, the altcoin has broken out of a multi-month falling wedge twice, in October 2023 and August 2024, which drove the cryptocurrency to new ATHs in the coming months. Price Sitting At Key Level After Today’s surge to the $3.39 mark, the token has retraced toward the $3.25-$3.30 levels, with market watcher Hov noting that SUI sits at a key resistance zone between the $3.30-$3.70 price range. To the analyst, the cryptocurrency must “carry through this level and get a HTF close above 3.72ish” for bullish confirmation. After this, he suggested that SUI would likely “see a retest of resistance turned support.” This would put the $4.00 resistance and new ATH “on the menu” if it holds. On the contrary, failing to reclaim this key zone could halt the bullish momentum and send the cryptocurrency to retest the recently reclaimed $2.70-$2.80 as support, and risk a drop to the re-accumulation zone between the $2.00-$2.30 range. Related Reading: Cardano Breakout Eyes $0.80 Resistance – Is ADA Repeating Its ATH Playbook? Meanwhile, Rekt capital noted that the token also looks good “on the fundamental side of things, Grayscale opened a SUI trust today, showing institutional growth.” The analyst highlighted that SUI has rallied 50% since breaking its downtrend, which made the token flip Avalanche (AVAX) and Chainlink (LINK), making it the 11th cryptocurrency by market capitalization. As of this writing, SUI trades at $3.28, a 34% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
“Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside,” a trading firm said.
The Bitcoin price continues to face headwinds, as the latest report on Digital Asset Fund Flows shows a staggering $751 million in outflows from the digital asset. The sheer volume of this withdrawal raises alarm bells about whether institutions may be cashing out from the flagship cryptocurrency. Bitcoin Price Faces Pressure Amid Massive Outflows CoinShares’ weekly report on Digital Asset Fund Flows has disclosed a massive $795 million in outflows from the crypto market—shockingly, $751 million of which came from Bitcoin alone. This mass exodus marks one of the largest single-week outflows of the year, and it comes at a time when the price of Bitcoin has hit a wall. Related Reading: $9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits This Level James Butterfill, the Head of Research at CoinShares, revealed that since early February 2025, digital asset investment products have suffered cumulative outflows of approximately $7.2 billion, effectively erasing almost all the year-to-date inflows. Notably, this week marks the third consecutive week of declines, with Bitcoin leading the downturn and recording the most significant losses among major digital assets. As of this report, net flows for 2025 have dwindled to a modest $165 million, a sharp drop from a multi-billion dollar peak just two months ago. This steep decline underscores a cooling sentiment among institutional investors and highlights a growing sense of caution amid ongoing market volatility. Currently, the Bitcoin price is struggling to regain past all-time highs, with recent outflows serving as one of the many barriers hindering the cryptocurrency’s breakout potential. Until these outflows reverse and the market stabilizes, Bitcoin’s path to setting new all-time highs remains challenged. Despite losing $751 million in outflows, Bitcoin still maintains a moderately positive position with $545 million in net year-to-date inflows. However, the sheer scale and speed of the latest outflows raise concern. The fact that Bitcoin suffered such a massive withdrawal signals a potential shift in sentiment among institutions. Whether it’s due to profit-taking or macroeconomic uncertainty, this move suggests that big players are beginning to pull out — at least in the short term. In addition to Bitcoin, Ethereum saw $37 million in outflows, while Solana, Aave, and SUI also posted losses of $5.1 million, $0.78 million, and $0.58 million, respectively. Surprisingly, even short Bitcoin products, designed to benefit from market downturns, weren’t spared, recording $4.6 million in outflows. Tariffs And Political Volatility Drive Outflows One of the key drivers behind the pullback across digital assets is the rising economic uncertainty sparked by tariff policies that have adversely influenced investor sentiment. The wave of negative sentiment began in February after United States (US) President Donald Trump announced plans to impose tariffs on all imports coming into the country from Canada, Mexico, and China. Related Reading: Trump’s Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point However, a late-week rebound in crypto prices was seen after Trump’s temporary reversal of the controversial tariffs, providing a brief respite for the market. This policy shift helped boost total Asset Under Management (AUM) across digital assets from a low of $120 billion on April 8 to $130 billion, marking an 8% recovery. Featured image from Adobe Stock, chart from Tradingview.com
Cboe BZX Exchange has officially submitted Form 19b-4 to the US Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) tied to the Sui blockchain. The April 8 filing stated: “Cboe BZX Exchange, Inc. is filing with the Securities and Exchange Commission (‘Commission’ or ‘SEC’) a proposed rule change to list and trade […]
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SUI is currently down 56% from its January all-time high, consolidating around a key support level as the broader market battles ongoing volatility and selling pressure. Like much of the crypto space, SUI has been hit hard by global macroeconomic uncertainty and investor risk aversion, leading many analysts to expect a continuation of the downtrend. With both traditional and crypto markets under pressure, bearish sentiment continues to dominate headlines. Related Reading: Chainlink Consolidates In Triangle Pattern – Is A 35% Breakout Imminent? Despite the negative outlook, some analysts see early signs of a potential reversal forming. Top crypto analyst Ali Martinez shared a bullish observation, noting that SUI is showing an inverse head and shoulders pattern on a short-term time frame — a technical formation often associated with a shift in momentum and a possible upward breakout. While the overall trend remains fragile, the emergence of this bullish structure may suggest a short-term rebound is possible — if confirmed. For now, traders are watching closely to see whether this pattern will hold and ignite a rally or if broader market weakness will continue to drag SUI lower. SUI Holds Support As Bullish Pattern Forms Amid Market Turmoil SUI continues to face selling pressure as global markets react to heightened economic uncertainty. The latest wave of volatility followed U.S. President Donald Trump’s announcement of new tariffs on what he declared “Liberation Day,” rattling investor confidence across both traditional and crypto markets. Risk assets, including altcoins like SUI, have been particularly vulnerable to these geopolitical shocks. Despite the turbulence, some analysts believe the worst may be over. They argue that the current environment could mark the beginning of a consolidation phase — a necessary reset before the next major move. SUI appears to reflect this dynamic, with price action tightening between two key levels. Bulls have struggled to push SUI above the $2.50 mark, a critical resistance zone that has held strong through recent attempts. At the same time, bears have failed to break the $2.20 level, indicating solid demand at lower prices. Adding to the optimistic outlook, Martinez shared a bullish technical setup. According to his analysis, SUI has formed an inverse head and shoulders pattern — a classic reversal formation — on the short-term chart. If SUI can manage to decisively break above $2.52, this could trigger a short-term bullish reversal and open the door to further gains. While macroeconomic headwinds remain strong, the formation of a reliable bullish pattern amid consolidation is a positive sign. Traders are now closely watching the $2.52 level, which could serve as the catalyst for the next big move. If confirmed, the breakout could mark the start of SUI’s recovery phase — even as broader markets remain on edge. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? Price Action: Bulls Defend Key Support Levels SUI is currently trading at $2.30 after spending the past month below both the 200-day moving average (MA) and exponential moving average (EMA). This prolonged weakness has kept the asset under pressure, with bulls struggling to regain momentum. The current price zone is critical, and holding above this level is essential to avoid further downside. To initiate a meaningful recovery, bulls must push SUI higher and reclaim key resistance levels. The most important area to watch is the $2.85 mark, which aligns closely with the 200-day EMA. A breakout above this level would signal a potential trend reversal and could trigger renewed bullish momentum. Until then, price action remains vulnerable. If bulls fail to reclaim the $2.85 zone in the coming sessions, SUI risks another leg down. The next major support lies around $2.00 — a level that could attract buyers but also marks the edge of a deeper correction if breached. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway? With market sentiment still uncertain, the next move will largely depend on whether bulls can defend current levels and overcome resistance. A failure to do so could extend the consolidation or lead to more downside in the near term. Featured image from Dall-E, chart from TradingView
SUI is making another attempt to break past the crucial $2.82 resistance, a level that has repeatedly challenged bullish momentum. After a steady climb, the price now stands at a decisive point—will buyers have enough strength to push through, or will sellers step in to defend this barrier once again? Recent price action suggests that positive sentiment is gaining traction, with increasing trading volumes and strong support levels forming beneath. However, past attempts to breach $2.82 have resulted in pullbacks, making this level a significant test for the market. A confirmed breakout could trigger a fresh rally to higher targets, while failure to overcome this hurdle may lead to renewed selling pressure. Chart Patterns And Technical Indicators: Signs Of A Breakout? SUI price action is showing promising signs of an impending breakout as it continues to test the critical $2.82 resistance level. Looking closer at the chart reveals the formation of bullish ascending candlesticks, a pattern characterized by higher lows and a steady resistance ceiling. This structure suggests that buyers are building momentum, increasing the likelihood of an upward breakout. Related Reading: SUI Poised For Price Rally? Ascending Channel Suggests Move Toward $2.50 Technical indicators further support this outlook. The Relative Strength Index (RSI) has climbed above 50, while the Moving Average Convergence Divergence (MACD) has shown a bullish crossover. Additionally, trading volume is rising, a key factor often preceding a breakout move. The price has also broken above the bearish trendline, signaling a potential shift in market sentiment. This breakout suggests that selling pressure is weakening, allowing buyers to regain control. A successful breakout from a bearish trendline usually indicates the end of a downtrend and the beginning of a possible upward movement. If SUI surpasses the critical $2.82 resistance level with a strong trading volume, it could ignite a significant rally, pushing the price toward $3.50 and beyond. Breaking above this level would indicate that buyers have gained control, invalidating previous resistance and setting the stage for further upside momentum. Rejection And Possible Pullback Levels For SUI While SUI’s bullish strength is building, the $2.82 resistance remains a formidable barrier, and failure to break above it might lead to a downside move. If buyers fail to sustain momentum, sellers may step in, triggering a rejection that could send the price back toward key support levels. Related Reading: SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure The first critical support to watch lies around $2.36, a level where buyers previously defended against deeper declines. If selling pressure intensifies, SUI could drop toward $1.59. A break below this level may expose the price to deeper corrections, with $1.42 acting as a crucial defense zone for bulls. Featured image from YouTube, chart from Tradingview.com
Sui Network’s native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly highs on Wednesday. Various market watchers suggested the momentum could send the cryptocurrency to new highs in Q2. Related Reading: Analyst Says Bitcoin (BTC) Could See A 14% Price Jump If This Level Is Reclaimed SUI Reclaims Key Breakout Level Today, SUI, one of the cycle’s leading tokens, retested the $2.60 resistance for the first time in nearly three weeks after reclaiming a key support zone on Tuesday. The cryptocurrency has lost several crucial levels during the Q1 2025 retraces, falling over 50% from its January all-time high (ATH) to a four-month low of $1.96. However, it has regained momentum amid institutional adoption, including its partnership with World Liberty Financial (WLFI), US President Donald Trump’s crypto venture, and Canary Capital’s recent filing of a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The cryptocurrency moved toward the $2.45 mark in the following days, suggesting that holding this level could send SUI to the next crucial barrier. After pulling back to $2.20, the token’s momentum resumed on Saturday, rising 13% in the past week after printing five consecutive green candles. Amid its performance, some analysts noted that SUI reclaimed the key $2.40 support, which served as a significant resistance during the post-US elections breakout and a bounce zone during the February retraces. Analyst Michäel van de Poppe suggested that the token is “one to keep an eye on,” highlighting that the “tremendous” retest of the high timeframe support “indicates that we’re likely going to expand to the upside from here.” Is It Ready For New Highs? In the past 24 hours, SUI surged 10% to the $2.60 resistance, hitting a 20-day high of $2.65 on Wednesday before retracing. As various market watchers pointed out, this price action has seen the token break out of a multi-month falling wedge pattern. A retest and confirmation of the breakout level could propel the token to attempt to reclaim its two-month downtrend. Analyst Sjuul from AltCryptoGems considers that the cryptocurrency should be “ready to go” to the $2.80 mark, based on its “bullish market structure and nice strength.” Previously, Ali Martinez suggested that after reclaiming the $2.45 level, SUI would be poised for a 15% move to this area. Related Reading: Ethereum To End March In Green? ETH ‘Only’ 6% Away From Positive Monthly Close Moreover, the token could also surge toward a new high if history repeats itself. Since 2023, SUI has broken out of a multi-month falling wedge twice, in October 2023 and August 2024, which propelled the cryptocurrency to new ATHs in the coming months. Meanwhile, trader Crypto Bullet noted that the cryptocurrency has recently reclaimed the 365-day Exponential Moving Average (EMA) after trading below it over the past few weeks. According to the trader, holding this level as support could impulse the token’s rally toward its January high of $5.37. As of this writing, SUI trades at $2.58, a 5.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
President Donald Trump has threatened to impose larger tariffs on the European Union and Canada if they attempt to harm the U.S. economy, potentially causing instability in the crypto market.
SUI was stuck in a choppy price action in the last week, eventually recording a 2.48% loss. Just like the rest of the crypto market, the altcoin has remained largely in consolidation for the past two weeks with little indication of its next price breakout. However, amid this sideways movement, crypto analyst Ali Martinez has identified potential for some significant short-term gains. Related Reading: SUI Bulls Test Key Resistance — A Breakout Or Rejection Ahead? Staying Above $2.26 Is Key To SUI Bullish Structure In an X post on March 22, Martinez shares a positive technical analysis of the SUI market based on recent price movements on the 4-hour chart. The crypto analyst notes that SUI has been moving within an ascending channel since March 11 and is likely poised for an imminent upswing. An ascending channel is a popular bullish pattern formed by two parallel trend lines sloping upwards. Both trendlines act as resistance and support keeping an asset’s price within range. Despite this limited price movement, an ascending channel is considered bullish as it indicates a significant buyer’s influence. Based on the chart provided by Martinez, SUI has recently retested the support line of its ascending channel at $2.26 showing intentions of an uptrend. Provided that SUI suffers no sudden dip below this support, the crypto analyst projects a rise to around $2.50 representing the resistance (upper trendline) of the ascending channel. In the presence of a strong market demand, SUI could break out of this ascending channel with an immediate target of $3.0. However, any decisive price fall below $2.26 support could result in prices as low as $1.75. Related Reading: SUI Ready For 15% Move Amid Key Level Retest – Breakout Or Breakdown Ahead? SUI Market Overview The SUI community showed much excitement in the last week as Canary Capital filed an application for a SUI spot ETF with the US Securities and Exchange Commission (SEC). This move followed a trust registration for the proposed fund in Delaware earlier in March. Prospects of a spot ETF are considered highly bullish due to the promise of institutional investment as seen with Bitcoin and Ethereum over the last year. At the time of writing, SUI was trading at $2.28, reflecting a 0.84% gain in the past day. Meanwhile, the asset’s trading volume has crashed by 31.69% indicating a decline in market participation. Notably, the altcoin is also down by 30.21% on its monthly chart due to a strong bearish influence over the past few weeks. Nevertheless, SUI remains a major headliner of the current cycle following an impressive price performance between Q4 2024 to early January 2025 where it surged to establish a new all-time high of $5.35. And with the cycle potentially far from over, certain analysts are backing the bullish potential of SUI describing the current downtrend as a good buying opportunity. Featured image from Boxmining, chart from Tradingview
The mainnet of the protocol, originally developed by Mysten Labs and built on layer-1 blockchain Sui, will launch on March 27