Key Takeaways
- SUI’s price trades above its 50-day and 200-day EMAs for the first time in 2025 as the price aims higher.
- The price of SUI breaks out from a low towards $3, so the bottom could be in as the price could rally to $5.
- SUI’s ecosystem activities increase as price gains more volume from memecoins growth.
The price of SUI has jumped from its low of $1.7 to a high of $3, hitting over 70% in the last few weeks. The price could continue to rally towards a high of $5 following a strong technical breakout from bearish price action in the last four months.
There are rumours surrounding the current price action for the SUI token that it has been fueled by the listing or growing popularity of memecoins in its ecosystem, similar to SOL, as this could drive the price of SUI to new highs in the coming weeks.
Another key growing or shift in market sentiment around altcoins has been a relaxed approach around the US trade war, giving altcoins more room to rally to the upside with strong momentum following a rally from Bitcoin leading the crypto market in the last few days.
SUI Ecosystem Growth And Market Sentiment
SUI’s ecosystem has seen a rise in activity in the last few days, with over $1.5 billion total value locked (TVL) prior to today. However, the ecosystem saw a massive decline in activities due to market uncertainty, forcing traders and investors to remain cautious.
With volume and active addresses gaining more traction, the price of SUI has the potential to rally towards $5 as this crypto asset in the fourth quarter of 2024 has shown some great price rally, rallying from $1 towards $5 trading as one of the best performing crypto assets before suffering price crash in 2025.
Current market sentiment is bullish, coupled with a renewed belief of a potential altcoin season looming. Many traders and investors are looking for crypto performers that will provide a strong ROI in the coming months.
SUI Technical Analysis As Price Aims For $5
The price of SUI has demonstrated a strong price rally, with over 45% in the last seven days, highlighting a strong market shift. The price broke out from its low of $1.7 to a high of $3, trading above its 50-day and 200-day EMAs (Exponential Moving Averages) for the first time in weeks.
The price of SUI could see price retest a region of $2.8 before rallying more to the upside as current price action has attracted many traders who are speculating the price of SUI could rally towards $5 with easy considering past price action and market strength this crypto token has demonstrated.
Crypto trader and analyst VipRose, in his X post, speculated that the price of SUI looks to have bottomed out following a strong bullish reaction from the Fibonacci golden zone of 0.618–0.786 retracement, forming a rounded bottom pattern that suggests a potential medium-term reversal.
His ideal target is $4.5 to $7, which is possible for SUI with its growing ecosystem and market sentiment as memecoins surge could contribute to current price action to the upside.
