SUI surpasses 500 million transactions in 2025, outperforming major blockchains

With an increasing transaction volume and a growing user base, analysts predict that the SUI price could see a breakout above $2.17.

If you're looking for an altcoin that has the potential to generate some serious gains in 2025, then you may want to take a look at SUI. SUI is a Layer-1 blockchain that is designed to be fast, scalable, and efficient. It is also home to a vibrant DeFi ecosystem, which is rapidly expanding.

Recently, SUI hit a major milestone by processing over 500 million transactions. To put that into perspective, ETH has processed 129 million transactions and BTC has processed 40 million transactions.

As interest in SUI continues to grow, we could see some big price moves in the coming days and weeks.

One analyst who is bullish on SUI is CryptoMichNL. He recently posted a chart on X (formerly Twitter) showing that SUI has been outperforming major altcoins.

Good morning! ☀️

Major altcoins are lagging, but SUI continues to rise in the DeFi sector.

Could we see some more substantial price moves from SUI in the coming days and weeks?@sushiswap on Chainzo is now live! ??

New Bankless course: "DeFi 101: The Complete Guide to Decentralized Finance"https://t.co/7777fj77YCpic.twitter.com/45bI37oP7x

— CryptoMichNL (@CryptoMichNL) April 18, 2025

"Major altcoins lagging, but SUI continues to rise in the DeFi sector. Could we see some more substantial price moves from SUI in the coming days and weeks?"

Another analyst who is following SUI closely is ShwetaCW. She posted a technical analysis of SUI on TradingView.

According to her analysis, the trading day of April 18th for SUI/USDT started with bearish momentum, as seen in the 5-minute chart. Sellers controlled the market initially, driving the price down. However, the MACD indicator showed a golden cross at 06:45 UTC, signaling a shift in momentum.

This crossover led to an upward trend, as buyers gained control, pushing the price higher. By 08:20 UTC, the price entered an overbought condition, signaling a potential pullback. The RSI also indicated an oversold situation at 15:30 UTC, leading to a brief price stabilization at $2.0951.

At 19:30 UTC, a death cross on the MACD suggested bearish pressure, and the price began to decline.

SUI/USDT price chart. Analyzed by ShwetaCW, published on TradingView, April 19, 2025.

By 23:15 UTC, the RSI was oversold again, reinforcing the downtrend before the market entered April 19th.

On the trading day of April 19th, the price began with bullish momentum, fluctuating within a moderate range. If buyers continue to dominate, SUI could break the current resistance at $2.1707, with an eye on $2.2200. On the other hand, if the trend reverses and sellers take control, the price may dip below $2.0951 and test the support at $2.0500.

The outcome will depend on market sentiment and momentum.