Sui Network Is Heating Up: Will Bulls Push for a Breakout?

$SUI is holding steady around $3.60, trading in a tight range ($3.30–$3.70) as bulls eye a breakout toward $4.25 if resistance cracks.
Investor excitement is building, thanks to 21Shares filing for a SUI ETF and a new partnership with Fireblocks to enhance secure institutional access.
With momentum picking up, Sui’s blend of speed, security, and smart infrastructure could fuel more upside—especially if traditional finance continues to lean in.

Sui

Sui Network ($SUI) is a Layer 1 blockchain built for speed, scalability, and security, leveraging a unique consensus mechanism, parallel transaction processing, and the Move smart contract language to support high-performance dApps.

Price Action

Currently trading at $3.60 with a market cap of $12.06 billion, $SUI has made solid progress since launch. The token reached an all-time high of $5.35 in January 2024, representing a 217% gain over the past year. Following that, broader market corrections and profit-taking led to a healthy pullback. In recent weeks, however, $SUI has regained momentum, stabilizing within a tight range as buyers start to re-enter.

Credit: CoinGecko

Price Predictions

At the moment, $SUI is consolidating between $3.30 and $3.70. Looking ahead, analysts remain optimistic, with many advising to watch for a breakout from this range. A confirmed move and daily close above $3.70 could open the door for a rally toward the next target at $4.25. Until then, price action is expected to remain within this accumulation zone.

Market Sentiment and Developments

Investor sentiment around Sui has turned increasingly positive, driven by a series of noteworthy developments. One of the most impactful was the announcement that 21Shares filed an S-1 registration statement with the SEC for a dedicated SUI ETF. If approved, this would allow investors to gain exposure to $SUI directly through traditional brokerage accounts, representing a significant step forward in integrating the asset into conventional financial markets.

In addition to this, Sui revealed its upcoming partnership with Fireblocks, a highly regarded provider of digital asset custody and infrastructure solutions. This collaboration will bolster institutional-grade infrastructure on the network, simplifying secure custody and expanding large-scale access to DeFi services within the Sui ecosystem.