Sui (SUI) cryptocurrency has been making waves in the market with a strong price breakout and promising growth potential.

SUI (SUI) cryptocurrency has been making waves in the market with a strong price breakout and promising growth potential. The token is gaining momentum after rebounding from local lows near $2.5, showing healthy accumulation patterns with decreasing volatility.

The price of Sui (SUI) cryptocurrency has been showing strength with a good breakout potential. The token is gaining momentum after rebounding from local lows near $2.5, showing healthy accumulation patterns with decreasing volatility.

This has helped the token outperform larger cryptocurrencies like Shiba Inu and Hedera in early trading hours.

SUI has shot up by 6-7% in the beginning of today’s trading hours. This move has pushed the token past both Shiba Inu and Hedera in terms of market performance.

The Relative Strength Index (RSI) and Directional Movement Index (DMI) display positive signals with a bullish crossover in the DMI. However, the Average Directional Index (ADX) is still decreasing,

suggesting a drop in rally strength that could lead to consolidation around the local resistance zone of $2.8-$2.85 until more buying volume enters the market.

SUI broke out of a falling wedge pattern during the previous trading day. This breakout is expected to maintain rally momentum for the bullish start above the wedge resistance.

The current breakout suggests SUI price could trigger a 25% upswing. Analysts believe it may rise above $3 before the end of the month, potentially reaching new all-time highs in the coming days.

Later this year, SUI could be positioning itself as one of the top layer-1 cryptocurrencies with a potential to surpass $10 in 2025.

This prediction comes from VanEck, which has launched an Exchange-Traded Note (ETN) that tracks the SUI token.

The ETN, known as the VanEck Vectors Sui (SMA) (DE000A5H370), has already shown strong performance with 10.82% growth since its November 2024 launch.

For SUI to reach the $10 mark, its market capitalization would need to expand to approximately $29.3 billion.

Analysts consider this to be feasible when comparing it to established cryptocurrencies like Tron, which has a market cap of about $26 billion, and Cardano, with a market cap of roughly $38 billion.

The SUI ecosystem has experienced remarkable growth over the past year.

Initially starting with a market cap of less than $1 billion and a DeFi sector with minimal Total Value Locked (TVL), the ecosystem has now reached a market cap of $14 billion and over $1.8 billion in DeFi TVL.

This growth trajectory positions SUI for continued success in the cryptocurrency market.