Sui Resumes Strong Uptrend, Soars by Over 1,300% from Lowest Level

Sui (SUI) has experienced a remarkable rally, climbing by almost 20% recently, with its price hovering around $5.13 as of Saturday. This surge marks a continuation of its strong uptrend, with the token having soared by over 1,312% from its lowest point in 2023.

Key Drivers Behind Sui's Surge

Sui’s incredible performance has helped boost its market capitalization to over $15 billion, making it the 13th largest cryptocurrency in the market. Several key factors have contributed to this growth:

1. DeFi Ecosystem Expansion: The total value locked (TVL) in Sui’s DeFi ecosystem has reached a record high of $1.96 billion, with major players like Suilend Protocol, NAVI Protocol, Cetus, Scallop Lend, and Aftermath Finance driving much of the growth.

2. Partnerships: Sui has secured strategic partnerships with top companies such as VanEck, Grayscale, and Franklin Templeton. One notable development is the Sui Trust, launched by Grayscale, which has accumulated over $14 million in assets. If SEC regulations around crypto ETFs shift under Paul Atkins, this could open the door for a spot Sui ETF in 2025.

3. Stablecoin Integration and New Launches: The addition of four stablecoins, including USD Coin (USDC), AUSD, FDUSD, and USDY, has bolstered Sui’s market presence, with a combined market cap exceeding $406 million. Additionally, the launch of Deepbook V3, Sui’s on-chain order book, has boosted its trading volume to over $1 billion, and its DEEP token now has a market cap of over $375 million.

4. DEX Ecosystem and Futures Open Interest: Sui’s decentralized exchange (DEX) ecosystem has processed more than $46 billion in volume since its inception. Furthermore, futures open interest surged to a record high of $963 million, signaling growing investor interest and confidence in the SUI token.

Technical Analysis and Price Predictions

Sui’s price action in 2025 has been strongly bullish. The token has been rising for four consecutive days, flipping the $5 resistance level into support, invalidating a potential double-top pattern that could have signaled a price reversal. This bullish move is supported by the 50-day moving average, which SUI has not dipped below since September last year.

The technical outlook for Sui suggests that the SUI price could rise further. The Murrey Math Lines indicate that the $5.50 level is a potential target for an overshoot, and breaking above this level could push the price toward the crucial $10 mark.

Conclusion

Sui's growth has been driven by a combination of ecosystem expansion, strategic partnerships, new product launches, and strong technical momentum. With its DeFi ecosystem thriving and the token gaining more attention from investors, the bullish trend for SUI seems likely to continue. Investors may want to keep an eye on the $5.50 and $10 levels as potential short- and medium-term price targets.