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Cryptocurrency News Articles

SUI Price Builds Bullish Momentum, Eyes Higher Price Targets

May 21, 2025 at 10:24 pm

Currently hovering around $3.89, showing strong fundamentals. Experts predict SUI could break $5.37 and target $11.

SUI Price Builds Bullish Momentum, Eyes Higher Price Targets

Experts predict SUI could soon break the $5.37 high and target $11.

The crypto market has recovered from an earlier price decline, filling investors with optimism once again. Even in mid-May, the SUI price crossed the $4 mark and was among the lead performers in the altcoins lineup.

Even when writing the SUI price, it is still hovering near $3.9, despite the market being in a cooldown period. This shows how fundamentally strong SUI crypto is, and that is why it is trying to sustain above important Fibonacci levels.

In Q2 2025, the SUI price has stayed in a higher-highs and higher-lows structure and followed the 20-day EMA band dynamic support. Technically, the SUI seems poised for a run. Even experts are positive that soon it will break its $5.37 high and reach a target beyond $11.

Moreover, the recent market capitalization of $13 billion reflects its increasing significance in the market. Importantly, the Q1 correction appears much like a calculated retest and not a breakdown when seen in Q2 of 2025.

Also, all the price points on both short and long-term charts still respect the key structural points. Even on-chain metrics support its bullish narrative. Keep reading to know more.

SUI Price Builds Bullish Momentum, Eyes Higher Price Targets

In a recent analysis, an expert highlighted the resilience of the SUI crypto, which has successfully maintained its Inverse Head & Shoulders breakout after surpassing the neckline around $3.65 to $3.75.

With the current price hovering around $3.89, SUI continues to hold above essential support levels, reinforcing a bullish outlook.

(Source: Tradingview)

“$SUI is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, price pushed up to $3.94 and is now pulling back — retesting the breakout zone.

This is a healthy retest, keeping the structure valid. A drop below $3.60 would be needed to invalidate the positive pattern.”

Maintaining a position above the $3.65 to $3.70 range is vital for confirming the strength of this bullish setup, while a drop below $3.60 could invalidate the positive pattern.

While another analyst says on the weekly chart, the SUI price has been moving within this ascending wedge pattern, with consecutive impulsive waves to the upside.

(Source: Tradingview)

The analyst, based on his technical perspective, highlights that SUI is getting ready for its next major move, and per his SUI price projection he projects an target upto $11.50 next.

“Bullish on the future of $SUI 💧?

From a technical perspective, #Sui is getting ready for its next major move up.(currently in the consolidation process).

Since its creation, $SUI has been moving within this ascending wedge pattern, with consecutive impulsive waves to the upside. A chart pattern that usually leads to strong moves in the preferred direction.

After a 5-part Impulsive Elliott wave to new highs, we are now observing a 3-part Corrective structure, which is a pullback to be expected. Through this move, we can clearly observe a new higher low being formed on the chart, keeping the long-term bullish structure intact.

Next, we can expect a continuation of the Impulsive Elliott wave move, potentially leading to a 100% Fibonacci move from the last low to the last high, placing the next crucial resistance around $9.74. Afterwards, a final push to the 1.618 Fibonacci level could be expected, which is around $11.50.”

Social Volume and Development Activity Hints Optimism for SUI crypto

The social volume indicates a continuation of the present short-term trend, and a rise in the social volume also indicates the rising awareness regarding SUI crypto.

Furthermore, the development activity reflects the level of activity in the form of ongoing projects and developments in the crypto. The developer’s activity shows that it is on the rise, which means the number of pure developments on its GitHub repository are increasing with time.

Both these metrics are among the most crucial factors that decide the long-term reliability of a project.

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Other articles published on Jun 07, 2025