Sui (SUI) Price Prediction: Can SUI Continue Its Climb Toward $5.37?

Sui (SUI) surged dramatically in April, capturing significant attention from investors. Since then, its price has been fluctuating, reflecting a tug-of-war

The price of SUI has been surging dramatically since April, attracting significant attention from investors. As the price fluctuates amid a tug-of-war between upward potential and downward pressure, and with key resistance levels in sight, will SUI manage to continue its climb toward $5.37 or will it retreat?

According to recent data, SUI is 7.84% below its recent peak over both the 30-day and 7-day periods. However, compared to its 30-day low, the price has surged by 93.19%. It also shows a 21.21% increase from the lowest point in the past week.

SUI/USD Market

Key Levels

SUIUSD is trading at $3.92, showing subtle upward energy after a powerful rally from its April lows. The price now glides near the upper band of the Keltner Channel, suggesting strong bullish momentum, yet also hinting at potential exhaustion.

Should this momentum continue, the first resistance awaits at $4.26, followed by $5.37, and a more distant challenge near $6.00. However, if the rally loses steam, a retracement to the mid-line support at $3.61 may occur, and deeper pullbacks could test $2.96 or even the previous bottom near $1.72.

The MACD remains above the signal line but shows signs of narrowing—an early whisper of caution for bulls. If the MACD line crosses below the signal, a short-term cooldown could unfold, reinforcing the possibility of a dip toward key support. On the other hand, if buyers regain strength and price action stays above the midline of the channel, we may see another push toward higher territory. Traders should watch how the price behaves around the $4.26 resistance zone; a clean breakout could rekindle the uptrend, lighting a path toward fresh highs.

Can (SUI) Still Reach for the $5.37 Mark?

As the dust settles on Sui’s recent surge, many market participants are taking notice as the token approaches the $4 mark. The impressive rally that began in April seems to be losing some momentum.

After a nearly vertical ascent from the 7-day lows of $1.72, the token’s price has slowed down considerably. Despite this slowdown, the bulls have managed to keep the sellers at bay and maintain a slight upward bias. However, with the Keltner Channel’s upper band closely followed by the 30-day highs of $5.37, a final push from the bulls may be needed to break through this crucial resistance zone.

A failure to do so could result in a correction back towards the Keltner Channel’s mid-line support at $3.61, where the 50-day MA is also located. A deeper pullback may reach the Fibonacci level of 0.382, which is at $2.96, or even the 0.5 Fibonacci level, which is at $1.72. A deeper drop may occur if the bears manage to break through the lower band of the Keltner Channel.

On the fundamental side, Sui continues to stand out in the competitive layer-1 space. Its object-centric model for handling digital assets and smart contracts offers a unique approach to scalability and user experience. Backed by strong developer interest and consistent updates from the Mysten Labs team, the ecosystem is quietly expanding, hinting at long-term growth.

If these innovations start attracting more users and real-world applications, could this provide the spark that reignites SUI’s upward march?

SUI/BTC Performance Insight

The SUI/BTC daily chart shows that the pair is trading at 0.00003771 BTC, staying within the upper region of the Keltner Channel, suggesting sustained bullish momentum. The price has found support around 0.00003101 BTC and faces resistance near 0.00004153 BTC. Despite a slight -0.29% dip, SUI maintains strength above the midline of the channel. Meanwhile, the MACD histogram is flat, with the signal and MACD lines converging, hinting at a possible consolidation or a weakening bullish trend. A decisive breakout above 0.00004153 BTC could renew upward pressure, while a drop below 0.00003627 BTC may trigger short-term selling.

In a recent update on X, @SuiNetwork announced that @BitlayerLabs is launching Peg-BTC (YBTC) on the Sui blockchain. This trust-minimized BTC asset, created using BitVM, allows Bitcoin users to participate in Sui’s DeFi protocols for staking, lending, and trading. It's another step