BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

SUI Price Analysis: $5 Could Be Closer Than You Think Due to THIS Bullish Indicator

by Drop Gorn
May 6, 2025
in Crypto, Finance, Opinion, SUI
A A
SUI Price Analysis: $5 Could Be Closer Than You Think Due to THIS Bullish Indicator
8
SHARES
Share on TwitterShare on Reddit
  • Bullish Breakout Forming: $SUI is testing resistance near $3.50 after bouncing from $3.10 support, with a falling wedge breakout pattern hinting at a short-term move toward the $4.00–$5.00 range.
  • Investor Confidence Returning: Selling pressure has cooled following the recent token unlock, with trading volumes rising as buyers cautiously return, signaling renewed interest.
  • Ecosystem Growth Ahead: Upcoming integration of sBTC into Sui’s network is boosting sentiment, setting the stage for stronger DeFi utility and potential upward price momentum.

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.

Sui Network SUI logo

Price Action

Currently trading at $3.40 with a market cap of $11.4 billion, $SUI has made impressive strides since launch. Notably, it hit an all-time high of $5.35 in January 2024, marking a 210% gain over the past year. And recently, after a healthy pullback driven by market-wide corrections and profit-taking, $SUI has stabilized within a tight range as buyers gradually return.

Sui Network SUI price chart

Credit: CoinGecko

Price Predictions

At the moment, $SUI is bouncing off support at $3.10 and testing resistance around $3.50. Looking ahead, market analysts are watching a classic falling wedge breakout, with a successful retest of the breakout level. If momentum holds and broader conditions remain supportive, a move toward $4.00–$5.00 in the short term looks likely.

Sui Network SUI technical analysis

Market Sentiment and Developments

Investor sentiment around Sui Network is starting to turn positive again. Following the recent token unlock, which initially triggered a wave of selling, the market has begun to stabilize. Over the past few days, selling pressure has eased, and trading volumes are picking up as buyers cautiously re-enter.

On the development side, Sui is preparing to integrate sBTC, a move that will enable secure, scalable Bitcoin use within DeFi applications built on its network. This upcoming integration has added to the improving sentiment, positioning Sui for renewed momentum in the weeks ahead.

Future Outlook

Overall, with improving sentiment post-unlock, supportive technical signals, and meaningful ecosystem updates ahead, $SUI is setting up for a potential rebound if market conditions remain favorable.

Tags: $SUiBitcoinDeFiMOVESui Network
Tweet2ShareShare3

DON'T MISS THESE! HOT OFF THE PRESS

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?
Crypto

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Elon Musk Steps Down from DOGE, Remains Trump Advisor
Finance

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years
Bitcoin

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early
Crypto

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya
Bitcoin

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
Load More

Related News

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

SharpLink Gaming Unveils $1 Billion Plan for Ethereum Treasury: Are You Still Early?

May 31, 2025
Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 Years

These 3 Cryptos Could Become Industry Standards in the Next 5 Years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.