SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

SUI has recently emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September.  This rapid price increase has captured the attention of both investors and analysts, as data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark. The rising TVL has fueled speculation that SUI could be on the brink of reaching a new all-time high, with many pointing to its growing ecosystem and increasing adoption as key factors driving its momentum. Related Reading: XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally Key Levels To Watch Currently, SUI is testing a critical resistance level, which, if broken, could trigger a surge in price that may challenge its all-time high of $2.18. As market conditions continue to evolve and interest in decentralized finance grows, many are watching SUI closely for its potential to lead the next altcoin rally.  Should the resistance hold, the price may consolidate before making a stronger push higher. However, if bulls breakthrough, it could set the stage for a significant upward movement, positioning SUI as a standout performer in the crypto space. SUI Rising TVL Suggests Growing Demand  SUI has ignited a wave of optimism among investors and traders who view the Layer-1 blockchain as poised to become one of the biggest winners in the ongoing bull run. Key metrics and insights from analysts reveal a growing interest in SUI, driven not only by retail investors but also by institutions pushing its price higher.  On August 5, during a broader market crash, SUIs Total Value Locked (TVL) plummeted to $342 million. However, since then, the blockchain has staged an impressive recovery, with its TVL surging nearly threefold to $885 million, according to data from DeFiLlama. TVL is a critical metric that reflects the total dollar value of assets staked or locked within a protocol. A decrease in TVL indicates liquidity is being withdrawn, while an increase, such as SUIs 40% rise over the past 30 days, signals growing trust in the project and a healthier ecosystem. This sharp increase in TVL is a positive sign, suggesting that SUI’s network is attracting more liquidity and usage. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed Currently, the price of SUI is just 40% below its all-time high, creating an ideal setup for bulls who believe this project is poised for explosive growth. Many anticipate that SUI could be one of the breakout stars of this cycle, as its ecosystem continues to expand and investor confidence strengthens. Technical Levels To Watch SUI is now trading at $1.55 after a massive 60% rally since last Tuesday, showing strong momentum in the market. The price has increased with increasing volume, consolidating just below a key supply levela sign of strength and confirmation of a bullish trend. Bulls must keep SUI above $1.40 to sustain momentum. Once a supply zone, this level may now act as a new demand zone. Consolidating above $1.40 could drive the price to higher levels, specifically toward $1.71. Reclaiming $1.71, a crucial supply zone, would position SUI to challenge its all-time high. Breaking through this level would set the stage for further price appreciation and possibly a new ATH. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? A deeper correction is possible if SUI loses its current price levels. Lower demand zones around $1.25 or even $1.17 might provide support. This would slow the rally, but the overall bullish outlook remains intact if the price stays within these key levels. Featured image from Dall-E, chart from TradingView

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SUI Slips Below $3.20 as Bulls Face a Make-or-Break Moment at Key Support

SUI has faced mounting selling pressure this week, struggling to regain bullish momentum after a failed breakout attempt. On April 29, the token briefly surged above $3.85, sparking hopes of a potential trend reversal. However, this rally was short-lived. The asset quickly ran into strong resistance, which triggered a wave of profit-taking and initiated a […]

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SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus

SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading: HYPE Confirms Strength With Solid Throwback Response Bullish Reversal? Market sentiment has been shifting as altcoins regain strength alongside Bitcoins consolidation above $95K. In this context, SUI has emerged as one of the stronger performers. Still, the challenge lies in clearing the $4 level with volume, which could unlock further upside potential and open the path toward price discovery. Top analyst Kaleo shared an insightful analysis on X, noting that SUI is gaining momentum and looks poised to reclaim the $4 mark soon. According to Kaleo, this level could act as the launchpad for the next leg higher, provided bulls maintain pressure and volume supports the move. With macro uncertainty still clouding the broader market, SUIs upcoming price action could serve as a barometer for altcoin strength in the near term. SUI Leads Altcoins As Bulls Target $4 SUI has emerged as one of the most resilient and promising Layer-1 (L1) blockchains in the current market cycle. A Layer-1 blockchain refers to the foundational network infrastructure of a blockchain ecosystemexamples include Ethereum, Solana, and now SUI. These platforms host smart contracts and decentralized applications (dApps), and their strength often defines how much developer activity and user engagement they attract. In this context, SUI is positioning itself as a serious contender in the competitive L1 space. Amid growing volatility and macroeconomic uncertainty, SUI has held up remarkably well, showing strength even as other altcoins remain trapped in consolidation. Its relative strength against Bitcoinoften a key indicator of altcoin momentumhas not gone unnoticed. Kaleo recently noted that SUI is displaying a solid performance versus BTC and appears ready to reclaim the $4 level, a major resistance area that has capped the upside for weeks. A clean break above $4 could trigger a broader rally, especially if market conditions remain favorable for altcoins. However, despite the bullish signals, risks remain high. Some analysts warn that the market could face another retrace as global tensions and uncertain liquidity conditions continue to shape sentiment. In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outperform other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours Demand Signals Growing Confidence With bullish structure intact and volume beginning to build, SUI could be one of the first major altcoins to lead the chargeif the breakout above $4 confirms. Price Holds Key Support Ahead Of Breakout Test SUI is currently trading at $3.46, holding firm above the 200-day moving average (MA), which sits around the $3.25 level. This key technical support has acted as a strong foundation during recent volatility, signaling that bulls still maintain control of the short-term structure. As long as SUI stays above this zone, the possibility of continuation remains intact. The next major hurdle lies at the $4 marka psychological and technical resistance level that has rejected price advances several times in recent weeks. A decisive breakout above $4, followed by a close above the $4.20 area, would confirm a bullish setup and could trigger further upside momentum toward new highs. However, caution is warranted. If SUI fails to reclaim $4 and slips below the $3.20 level, it may test deeper support near the $2.80 zone. Losing this range could shift sentiment and open the door to a broader correction, especially if weakness returns to the overall altcoin market. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge Smart Exit Or Profit-Taking? For now, bulls are in a position of strength, but confirmation requires sustained buying pressure and a clean breakout above overhead resistance. The coming sessions will be key in determining whether SUI can lead the next altcoin rally. Featured image from Dall-E, chart from TradingView

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SUI Forms Inverse Head And Shoulders Can Bulls Break Above $2.52?

SUI is currently down 56% from its January all-time high, consolidating around a key support level as the broader market battles ongoing volatility and selling pressure. Like much of the crypto space, SUI has been hit hard by global macroeconomic uncertainty and investor risk aversion, leading many analysts to expect a continuation of the downtrend. With both traditional and crypto markets under pressure, bearish sentiment continues to dominate headlines. Related Reading: Chainlink Consolidates In Triangle Pattern Is A 35% Breakout Imminent? Despite the negative outlook, some analysts see early signs of a potential reversal forming. Top crypto analyst Ali Martinez shared a bullish observation, noting that SUI is showing an inverse head and shoulders pattern on a short-term time frame a technical formation often associated with a shift in momentum and a possible upward breakout. While the overall trend remains fragile, the emergence of this bullish structure may suggest a short-term rebound is possible if confirmed. For now, traders are watching closely to see whether this pattern will hold and ignite a rally or if broader market weakness will continue to drag SUI lower. SUI Holds Support As Bullish Pattern Forms Amid Market Turmoil SUI continues to face selling pressure as global markets react to heightened economic uncertainty. The latest wave of volatility followed U.S. President Donald Trumps announcement of new tariffs on what he declared Liberation Day, rattling investor confidence across both traditional and crypto markets. Risk assets, including altcoins like SUI, have been particularly vulnerable to these geopolitical shocks. Despite the turbulence, some analysts believe the worst may be over. They argue that the current environment could mark the beginning of a consolidation phase a necessary reset before the next major move. SUI appears to reflect this dynamic, with price action tightening between two key levels. Bulls have struggled to push SUI above the $2.50 mark, a critical resistance zone that has held strong through recent attempts. At the same time, bears have failed to break the $2.20 level, indicating solid demand at lower prices. Adding to the optimistic outlook, Martinez shared a bullish technical setup. According to his analysis, SUI has formed an inverse head and shoulders pattern a classic reversal formation on the short-term chart. If SUI can manage to decisively break above $2.52, this could trigger a short-term bullish reversal and open the door to further gains. While macroeconomic headwinds remain strong, the formation of a reliable bullish pattern amid consolidation is a positive sign. Traders are now closely watching the $2.52 level, which could serve as the catalyst for the next big move. If confirmed, the breakout could mark the start of SUIs recovery phase even as broader markets remain on edge. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks Is More Selling Ahead? Price Action: Bulls Defend Key Support Levels SUI is currently trading at $2.30 after spending the past month below both the 200-day moving average (MA) and exponential moving average (EMA). This prolonged weakness has kept the asset under pressure, with bulls struggling to regain momentum. The current price zone is critical, and holding above this level is essential to avoid further downside. To initiate a meaningful recovery, bulls must push SUI higher and reclaim key resistance levels. The most important area to watch is the $2.85 mark, which aligns closely with the 200-day EMA. A breakout above this level would signal a potential trend reversal and could trigger renewed bullish momentum. Until then, price action remains vulnerable. If bulls fail to reclaim the $2.85 zone in the coming sessions, SUI risks another leg down. The next major support lies around $2.00 a level that could attract buyers but also marks the edge of a deeper correction if breached. Related Reading: XRP MVRV Ratio Dips Below The 200-Day MA Trend Shift Underway? With market sentiment still uncertain, the next move will largely depend on whether bulls can defend current levels and overcome resistance. A failure to do so could extend the consolidation or lead to more downside in the near term. Featured image from Dall-E, chart from TradingView

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SUI Shows Relative Strength Against Bitcoin New Uptrend In Play?

SUI has been trading with impressive strength since setting a local low around $1.71 just over two weeks ago. Since Monday, SUI has gained more than 79% in value, reflecting a surge in bullish sentiment and positioning itself as one of the standout performers in the current market environment. Related Reading: Bitcoin Rally Lacks On-Chain Support Analyst Warns Of Vanishing Network Activity However, risks remain elevated as tensions between the US and China continue to escalate, creating uncertainty across financial markets. Trade conflicts and geopolitical friction could still weigh heavily on risk assets if conditions worsen. Top analyst Kaleo shared an analysis highlighting that SUI is gaining strength against Bitcoin, marking one of the first times in recent months that an altcoin shows significant relative performance compared to BTC. This strength is notable as most altcoins have struggled to outperform Bitcoin in a market dominated by caution and defensive positioning. The next few days will be critical in determining whether SUI can sustain its breakout or if a period of consolidation will follow. SUI Leads Layer-1 Blockchains as Momentum Builds SUI has positioned itself as one of the leading Layer-1 (L1) blockchains during the recent market rally. A Layer-1 blockchain refers to a base blockchain network, such as Bitcoin or Ethereum, that processes and finalizes transactions without relying on another external chain. These networks operate independently with their own security protocols, native tokens, and decentralized validators, forming the backbone of the broader crypto ecosystem. Over the past two weeks, SUI has shown remarkable strength, significantly outperforming many other assets. If the market enters a sustained bullish phase for altcoins, SUI is likely to continue leading the pack, thanks to its recent resilience and strong relative performance. However, the environment remains extremely high risk. Some analysts are warning that current levels across crypto and equities could trigger a sharp market-wide retrace if sentiment shifts. Kaleos recent analysis on X suggests that SUIs strength against Bitcoin is a particularly encouraging sign. He notes that SUI might be one of the first major L1s to hit new all-time highs during this bounce, reflecting strong underlying demand. The next week will be critical; US equities are now testing major resistance zones, and uncertainty around the ongoing US-China trade conflict continues to weigh heavily on global markets. How financial markets react over the coming days will likely influence whether SUI can extend its rally or enters a period of consolidation alongside broader risk assets. Related Reading: Ethereum Attempts First Major Horizontal Reclaim In Months Can Bulls Hold the Line? SUI Battles Key Levels As Bulls Push Forward SUI is currently trading at $3.53 after several days of aggressive buying pressure that has propelled the price higher. The bullish momentum has been impressive, positioning SUI as one of the strongest-performing Layer-1 blockchains in the market. However, for this momentum to sustain, bulls must defend critical levels. The most important short-term level is $3.20, which aligns closely with the 200-day moving average (MA). Maintaining price action above this zone would confirm a bullish market structure and offer a solid foundation for further gains. If SUI manages to hold above the 200-day MA, it would signal strong underlying demand and reinforce bullish sentiment around the asset. Related Reading: Bitcoin Reclaims Key Levels New ATHs May Be Closer Than Expected For a continuation of this aggressive uptrend, the key challenge lies at the $4.00 mark. Reclaiming and consolidating above this resistance would open the path toward a potential new all-time high (ATH), especially if momentum remains strong across the broader crypto market. Featured image from Dall-E, chart from TradingView

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Pokémon Rumors Power Up SUI As Token Surges 63% In 4 Days

Speculation that the Pokémon franchise could make its leap onto the Sui blockchain is fueling a price spike in Suis native token. SUI has rallied more than 63% over the past four days, climbing from $3.10 to $3.42, even as Bitcoin gained a comparatively modest 7% in the same period. SUI x Pokémon? Market observers trace SUIs outperformance to a cluster of social-media posts that connect the dots between The Pokémon Companys latest update to its Pokémon HOME mobile app and recent disclosures from the Sui ecosystem. On April 23, Pokémon HOME added a medal-collection feature andcruciallyquietly amended its privacy policy to include Parasol Technologies as an approved developer permitted to receive user data. Parasol, a blockchain-gaming studio, was recently acquired by Mysten Labs, the core development team behind the Sui network. Related Reading: SUI Forms Inverse Head And Shoulders Can Bulls Break Above $2.52? Within hours, prominent crypto commentators amplified the coincidence. TylerD (@Tyler_Did_It) told followers: Pokémon on Sui? The rumor mill is working overtime on this one. Today, Pokémon HOME had a privacy policy update which includes a new developerParasol Technologies. Mysten Labs owns Parasoland is also the developer behind Sui. Not too hard to start connecting these dots Shotgun (@shotguncaio), founder of The Espresso Shot, pointed to a since-deleted Sui Foundation blog entry that, according to screenshots, briefly mentioned Pokémon-branded NFTs: The official Sui Foundation blog confirmed (and removed) Pokémon NFTs. When Parasol Technologiesowned by Mysten Labs, the company behind Suiwas included in their privacy policy, the rumors became more intense. Those medals are tradable, unique digital items with distinct codes and serial numbers rather than SBTs (soulbound tokens). In my opinion, this adds an element of excitement by introducing a trading layer. Ashen (@solashenone), founder of Kamai Finance, emphasized the corporate links: Mysten Labs owns SUI and recently acquired Parasol Labs. Parasol Labs is listed as a dev in the new Pokémon HOME game. Could this be because Ashen one is heavily invested in Pokémon cards and SUI now? Gaming Daily (@GamingDailyx) summarized the emerging narrative for a broader gaming audience: RUMOR: Pokémon x Sui. Pokémon might be closer to Web3 than we think. Parasol Technologies now listed in Pokémon HOMEs privacy policy. Parasol is owned by Mysten Labs, the creators of Sui. No comments yet from Nintendo or TPC. Related Reading: SUI Price Nears $2.82 Resistance Is A Breakout Imminent? Beyond social media, a separate report detailing the April 23 app update underscored why Parasols name matters. While the Sui Foundations blog post of the same day announced that Parasol will launch trading-card games such as Capybara Fusion and Code of Joker: Evolutions on Sui, it made no mention of Pokémon. Nevertheless, the proximity of the announcementsand the franchises history with collectible assetshas stoked expectations that Pokémons sprawling intellectual-property empire could experiment with tokenized items on Sui. The Pokémon brand commands one of the most valuable trading-card markets in the world; in 2022, YouTuber Logan Paul paid $5.275 million for a single Pikachu Illustrator card in a private sale that set a world record. Yet blockchain integrations have historically met fan resistance: a 2023 Pokémon Company job post seeking candidates familiar with NFTs generated swift backlash from long-time players. Neither Nintendo, The Pokémon Company, nor Mysten Labs has issued an official statement on any Pokémon-related blockchain initiative. The absence of confirmation has not dampened momentum in the SUI market, where traders appear willing to price in even a slim probability of a Pokémon partnership. At press time, SUI traded at $3.54. Featured image created with DALL.E, chart from TradingView.com

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SUIs Price Surge Ahead: Will It Hold Support Between $2.20-$2.30?

Premium Signals has given detailed fundamental analysis of the SUI market pointing to the possibility of a reversal after a correction from the recent highs. The analysis points to a crucial point in the price action of SUI now trading above the significant support level that was an inflection point. This change may well be […]

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What Is Sui (SUI) Network?

[toc] What Is SUI? Sui (pronounced “Swee”) is a decentralized Layer 1 proof of stake blockchain, meaning it serves as the foundational infrastructure for verifying and processing transactions, similar to Bitcoin and Ethereum. Layer 1 blockchains are the backbone that supports a specific token or a network of different tokens.  Sui was developed by Mysten Labs, a group of former Meta employees. It is designed to limit how long it takes to execute smart contracts and support scalability for decentralized applications (dApps). The network believes it has cracked the code on smart contract execution in terms of speed, high security, and low gas fees. This is possible because of the programming language it was designed with called “Move”. Move is a Rust-based programming language that prioritizes fast and secure transaction executions. According to the whitepaper, the network is named after the element water in Japanese philosophy, a reference to its fluidity and flexibility that developers can use to shape the development of Web3. The network is focused on low latency and super scalability. This has seen it termed by supporters as the Solana Killer. Related Reading: Solana Meme Coin Season: A Guide to Buying, Trading, And Profiting From SOL Tokens The Sui project was announced by Mysten Labs in September 2021, and in December 2021, Mysten Labs invested $36 million into the project. This was followed by a $300 million series B announcement led by a $140 million commitment by FTX in 2022, valuing the startup at $2 billion. Reasons Why Sui Network Was Created In the words of Sui Co-Founder and CEO, Evan Cheng, the current Web3 infrastructure is slow, expensive, and notoriously unreliable. Given this, Cheng said the network was created to change the Web3 game with some 5G level upgrades that would allow developers to create blockchain-powered applications with scalability that you can only associate with centralized technology hubs that dominated Web 2.0.  In other words, the Sui network was created to solve Web3 problems by simplifying and improving the creation of various applications and functions in the Web3 ecosystem, solving the most common problems in the Web3 industry: speed, security, and stability. How Does The Blockchain Work? Sui operates as a Layer 1 blockchain focused on optimizing fast blockchain transfers. It places a high level of importance on immediate transaction finalization, making Sui an ideal platform for on-chain applications such as decentralized finance (DeFi), gaming, and other real-time use cases.  Unlike the existing Layer 1 blockchains where transactions are added one after the other, which makes it slow as more transactions are being added to the blockchain, Sui does not make every transaction go through all the computers in the network. Instead, it picks the relevant part of the data it needs to check, which eliminates the problem of congestion on the blockchain and drastically reduces gas fees to carry out transactions. The Sui network uses a permissionless set of validators to reduce latency and a protocol called the Delegate Proof of Stake system. It has epochs (each consisting of 24 hours), during which Sui holders select a set of validators with whom they store their staked tokens. The validators are then in charge of transaction selection and approval. Related Reading: How To Buy And Trade Tokens On The SEI Network Who Are The Brains Behind The Sui Network? Co-Founder and CEO Evan Cheng: Cheng previously worked at Apple for 10 years, and he was also the former Head of Research and Development at Novi and Technical Director of Meta.  The Chief Scientist George Danezis: Former researcher at Novi, Meta, and previously worked at Chainspace, Microsoft. Adeniyi Abiodun, CPO: Former Head of Product Development at Novi, Meta. Previously worked at VMware, Oracle, PeerNova, HSBC, and JP Morgan. Kostas Chalkias: Former leading cryptographer at Novi. He previously worked at R3, Erybo, Safemarket, and NewCrypt. Sam Blackshear, CTO: Former Chief Engineer at Novi, specializing in the Move programming language. Investors and Institutions Backing The Network Sui was valued at $2 billion after FTX Ventures committed $140 million to the project. However, Sui also has other credible investors who also committed, like Binance Labs, the largest centralized crypto exchange by daily trading volume, and Coinbase Ventures, the largest crypto exchange in the United States. Other investors included  Franklin Templeton, a global leader in asset management with more than seven decades of experience, and Jump Crypto, an experienced team of builders, developers, and traders. Apollo, Lightspeed Venture, Circle Ventures,  Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and OLeary Ventures also invested in the blockchain. Uses of Sui Coin SUI coin plays a crucial role within the ecosystem and serves various functions: Governance: Sui coin holders can participate in governance decision-making, which includes parameter adjustments, protocol upgrades, and other key network changes. This means SUI holders have a say in the direction and development of the Sui Network.  Transaction Fees: SUI coin is used to pay for transaction fees within the network. The coin acts as the medium of exchange to cover all associated fees, whether you are interacting with smart contracts, transferring assets, or participating in any Sui on-chain activity.  Utility: The native coin will be used in various decentralized applications (dApps), gaming applications, and other projects built on the network. It will be used to purchase in-game accessories and NFTs.  Staking: Staking SUI coin helps network security and consensus. SUI coin holders who stake their coins are being rewarded and given incentives for participation and engagement.  Investment: Investors can buy and hold or trade SUI coins as an investment on centralized exchanges, just like Bitcoin, Ethereum, Solana, Cardano, BNB, and all other blockchains with good use cases. Related Reading: What Is Kaspa (KAS) Blockchain? Sui Network Plans To Improve The Web3 Ecosystem  Transaction Speeds Sui Network aims to solve the slow transaction problems on Web3. The network was built on a Rust-based programming language called Move, which prioritizes fast and secure transaction executions. Transactions on the Sui network are validated in epochs of 24 hours, each epoch can be validated independently rather than in blocks like its done on traditional blockchains.  The parallel execution of transactions increases Sui network transaction speed to 297,000 transactions per second and 400 milliseconds time of finality compared to Ethereum’s 20 transactions per second and 6 minutes time of finality or Solana’s 10,000 transactions per second and 2.5 seconds time of finality. Focus On Web3 And Asset Ownership The Sui network is focused on improving Web3 and Web3 experience by catering to the needs of millions of users, which includes speed and security. Sui allows users to create, upgrade, and deploy decentralized applications and non-fungible tokens (NFTs) Scalability Sui Network aims to make Web3 more scalable through parallel processing or execution. This means that the Sui network identifies independent transactions and processes them simultaneously. The implication is that transaction times are reduced, and it accommodates larger transactions loaded per time. It is made possible because of the Sui implementation of the Move programming language and the Narwhal-Bullshark-Tusk Consensus algorithm, which focuses on the details of a transaction rather than the entire chain of transactions. The Tokenomics Of SUI coin Sui’s native token is called SUI, which has several use cases. According to Coingecko, the max and total supply of SUI is capped at 10 billion coins with a current circulating supply of 1.2 billion, and it is ranked number 48 based on market cap value.  Related Reading: WHAT IS XRP LEDGER (XRP)? A share of the total supply of SUI was made liquid at the launch of its mainnet on May 3, 2023. Sui’s all-time high was on the day it was launched at $2.16. However, it is currently trading at $1.51, which is a 320% pump from its all-time low of $0.364 last year on October 19. The tokenomics included 6% going to its Community Access Program and App Testers, 10% of the supply went to the Mysten Labs Treasury, 14% went to its Investors, and 20% went to Early Contributors. The vast majority of the supply, 50%, is kept in its Community Reserve. The purpose and distribution of the Community Reserve include a Delegation Program, Grant Programs, Research & Development, and Validator Subsidies, as shown in the illustration below: Only about 5% of SUI coins were already in use when the Sui Mainnet launched, while the rest will be gradually released according to their planned schedule, as shown below: Related Reading: What Is Sei (SEI) Network? Conclusion Sui Network aims to improve Web3 by giving every Web3 user a much better Web3 experience without the struggles of slow transaction speeds. The network uses parallel execution for transactions to ensure lightning-fast speed, high security, and low gas fees.

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SUI About To Break ATH Again Can Bulls Target $4.20 This Week?

SUI trades at crucial supply levels, sparking intense speculation among traders and analysts about its next move. After recently reaching a new all-time high (ATH), the price failed to sustain above its previous ATH, raising concerns about whether this was a genuine breakout or merely a fakeout. The current price action has left market participants waiting for confirmation as bulls attempt to reclaim dominance. Related Reading: Dogecoin Is Ready To Run Again Analyst Expects 60% Rally Renowned analyst and investor Carl Runefelt has shared a bullish outlook for SUI, predicting an imminent breakout. According to his analysis, a successful push above the current supply levels could trigger a rally toward $4.20 in the coming daysor potentially within hours. Runefelts perspective adds confidence to the market sentiment, suggesting that SUI still holds the potential to reclaim its upward trajectory despite recent setbacks. The coming days are crucial for SUI as traders monitor whether bulls can overcome the key resistance levels. A decisive breakout could solidify SUIs position as one of the most promising assets in the crypto market. At the same time, a failure to do so might result in prolonged consolidation or a deeper pullback. All eyes remain on the $4.20 target and SUIs bullish momentum. SUI Only 5% Away From ATH SUI recently surged to a new all-time high (ATH) but failed to hold above the previous ATH of $4.05 set on November 17. Despite this brief pullback, the price action indicates that SUI remains poised to reclaim and surpass its ATH, with analysts and investors expecting significant upside momentum shortly. Top analyst Carl Runefelt provided a detailed technical analysis on X, highlighting that SUI recently broke out of a 4-hour symmetrical triangle pattern, signaling bullish momentum. SUI trades within a bullish flag formation, a classic continuation pattern often preceding substantial price rallies. Runefelt has set a price target of $4.20 in the coming hours, which he believes could act as the next major resistance before SUI establishes new highs. The broader market environment adds further confidence to this bullish outlook. With strong momentum, Bitcoins breakout above the $100K level has historically triggered altcoin rallies as liquidity flows from BTC into smaller assets. This dynamic positions SUI for a potential surge as it benefits from heightened interest across the cryptocurrency market. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H What This Means To Price While the short-term outlook for SUI appears bullish, the price must break and hold above its previous ATH to confirm sustained upward momentum. All eyes are on $4.20 as traders await the next move in SUIs exciting rally. Price Discovery Rally Or Settling Correction? SUI is trading at $3.83 after briefly breaking its all-time high (ATH) but retracing over 6% from the recent peak. Despite the pullback, the price remains within striking distance of key resistance levels that could determine its next move. If SUI breaks above $3.88 and successfully reclaims the November 17 ATH at $3.94 as support, it will likely trigger another breakout, setting the stage for a price discovery rally. Reclaiming and holding these levels would signal strong bullish momentum, potentially driving SUI into uncharted territory as buyers fuel the next leg of its rally. Such a scenario would align with the broader market sentiment following Bitcoins recent rally above $100K, which has historically increased demand for altcoins. Related Reading: Dogecoin Whales Keep Buying DOGE Metrics Reveal Demand Remains Strong However, there is a risk if SUI fails to break above $3.88 and $3.94 in the near term. A rejection at these levels could result in continued consolidation as the price struggles to find direction. This would likely keep SUI trading within a range, frustrating bulls seeking a breakout. Worse, a failure to maintain support could lead to a deeper correction, testing lower demand zones and cooling market enthusiasm. Featured image from Dall-E, chart from TradingView

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SUI Price Soars 12% In Minutes, Triggering Huge Liquidations: Predictions For The Altcoin

The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49. However, the token rebounded swiftly, stabilizing at approximately $4.55, representing a 12.8% increase from the weeks low and just 8.9% shy of its record price, SUI Surges Amid Market Volatility In stark contrast, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have continued to experience downward corrections following the US Federal Reserve’s (Fed)0 recent decision regarding interest rates. The Fed’s dovish stance has negatively impacted risk assets, contributing to a generally bearish sentiment in the market that led the markets leading crypto, to retrace almost 10% from the record high of $108,000. The volatility surrounding SUI led to nearly $14 million in liquidations across both long and short positions on centralized exchanges, with Binance reporting the highest liquidation rates within the past 24 hours, according to data from Coinalyze.  Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? Notably, recent analysis has indicated that Sui ranks third in net inflows over the past three months, with close to $1 billion entering the network, highlighting the growing investor interest in SUI, further bolstered by a new partnership with Phantom wallet.  Crypto analyst Route 2 FI noted in a recent social media post on X (formerly Twitter), that the bullish reversal in SUI’s price indicated strong investor sentiment, culminating in the tokens record peak at the beginning of the week. Analyst Targets $6 As Market Momentum Builds Michael van de Poppe, another respected analyst, pointed out the substantial daily candle movement in SUI, emphasizing that the price dipped into support before quickly bouncing back. He expressed optimism that this trend is far from over, suggesting that SUI could continue its upward trajectory with a target of $6 in sight. The recent surge in SUI’s price is also expected to attract Bitcoin liquidity into its ecosystem, further enhancing the token’s bullish prospects. Technical analyst Rekt Capital highlighted that SUI has effectively executed a post-breakout retest from its re-accumulation range.  Rekt also noted that strategic partnerships with Babylon Labs and Lombard Finance would facilitate the integration of Bitcoin liquidity, which could significantly benefit the Sui platform. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals The growing interest in SUI raises questions about its potential performance in 2025. However, crypto researcher Eyezenhour recently emphasized that while there are numerous reasons for optimism regarding SUIs future, the key factor is attention.  The researcher contends that the Sui Network has started to captivate institutional investors, a trend attributed to its dominant technology, upcoming integrations with Phantom and Backpack, and a talented core and executive team.  This is expected to continue throughout the current bullish cycle and into 2025, adding to the bullish sentiment for the altcoin as the year draws to a close.  Featured image from DALL-E, chart from TradingView.com

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Will SUI Surpass Solana? Expert Analysis Reveals Key Insights

Layer-1 chain Sui (SUI) has been capturing significant attention lately. As of this writing, SUI has surged by 125% over the past 30 days and has skyrocketed 345% from its yearly low of $0.46 on August 5. These impressive figures position SUI among the top performers in the crypto market over the last two months and as one of the few altcoins which reached their all-time high. SUI Vs. Solana Yesterday, the buzz intensified when several accounts on X shared charts suggesting that SUI had overtaken Solana in daily transactions for the first time. Enthusiasts quickly touted SUI as the next “Layer-1 killer,” poised to surpass Solana, which has been a leading contender among Layer-1 blockchains behind Ethereum. Related Reading: Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint However, this claim faced scrutiny from industry experts. Developer João Mendonça took to X to rebut the assertions, stating: “SUI did not surpass Solana in daily transactions there’s no free lunch. On the left = a deceptive chart where each instruction of each transaction is counted as a transaction on SUI. On the right = Artemis’s genuine read of daily transactions.” Mendonça referenced a detailed explanation by analytics firm Artemis from May. The firm highlighted that in traditional Ethereum Virtual Machine (EVM) architectures, users submit transactions that execute a set of instructions. In contrast, on the SUI blockchain, users submit a transaction block containing multiple transactions that update objects in the global state. Therefore, comparing transaction counts directly between SUI and other chains like Solana can be deceptive. They explained: “Artemis decided to count Sui transaction blocks instead of transactions when comparing activity with Ethereum and other chains. This decision was based on the fact that Sui has a different architecture than the EVM, and counting transaction blocks gives a more accurate picture of user interactions.” Prominent crypto analyst VirtualBacon also weighed in on the discourse, analyzing the SUI/SOL price chart. He remarked: “SUI vs SOL ratio almost at resistance. One must question the upside potential of this new killer L1. For this to keep running another month, it either completely takes over the market share of Solana, or we rotate back to the proven chain.” Expressing skepticism about SUI’s ability to maintain its momentum against Solana’s price, he added: “Somehow people in comments believe theyre still early to $SUI at ATH and 20B FDV. Its nowhere close to Solana level adoption imo.” Related Reading: Solana In Serious Danger If $137 Support Breaks Analyst Shares Targets Crypto analyst Michaël van de Poppe also casted doubts that the SUI price can run above the all-time high immediately. Via X, he wrote today: SUI did run away and printed a new all-time high. The first one! Didn’t allow me to enter, but it might be topped for now. Looking at the same region or $1.85 for entry zones. Massive runner. Despite the debates, SUI has undeniably been gaining traction. In September, Raoul Pal, founder and CEO of Global Macro Investor and RealVision, lauded SUI as a “groundbreaking ultra-fast L1, super efficient, full blockchain ecosystem”. He emphasized that SUI, developed from the remnants of Metas Diem project, is designed to scale for billions of users transitioning from Web2 to Web3 technologies. Pal’s endorsement amplified interest in SUI within the crypto community. Adding to its growing ecosystem, Circlethe company behind USDC, the world’s second-largest stablecoin by market capitalizationannounced in September that the Sui network would support USDC. This integration is expected to enhance liquidity and utility on the Sui blockchain, potentially attracting more developers and users. Most recently, on Monday, crypto exchange Bybit announced support for SUI on its Launchpool platform. This move makes SUI only the second chain available on the service after Mantle (MNT), providing users with new opportunities to earn rewards and participate in the Sui ecosystem. At press time, SUI traded at $2.01. Featured image from CoinDCX, chart from TradingView.com

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Expert Picks 5 Altcoins To Watch, Declaring Arrival Of The Altseason After Three Years

As the cryptocurrency market emerges from a prolonged seven-month consolidation phase, following a parabolic uptrend for Bitcoin and various altcoins in the first quarter of 2024, crypto analyst OxNobler has boldly declared that today marks the start of the next significant altseason. Analyst Predicts Major Price Movements Ahead For Altcoins In a recent post on [...]

The post Expert Picks 5 Altcoins To Watch, Declaring Arrival Of The Altseason After Three Years appeared first on Crypto Breaking News.

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SUI Price At Critical Support: Key Levels For Bullish Or Bearish Trend

SUI remains trading just above critical supports and the market is still waiting for any sign of recovery or reversal. In the recent X post, More Crypto Online also pointed out the key level of $1.84 to $1.74, which has recently acted as a support level. Nevertheless, a deeper zone of key support around $1.32 […]

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Can SUI Break Past $2 Resistance? On-Chain Metrics Reveal Growing Demand

SUI has experienced an impressive surge of over 160% since the start of September, with its price now hovering around $2. This remarkable rally has analysts and investors highly optimistic about the future of the layer-1 blockchain. Beyond its soaring price, SUI is showing strong growth across key metrics, signaling increasing adoption and usage. According to data from DefiLlama, SUIs total value locked (TVL) has reached new all-time highs, indicating a robust demand for its decentralized finance (DeFi) ecosystem. The rising TVL highlights a growing interest from users and developers, further boosting confidence in SUI’s long-term potential. Related Reading: Solana (SOL) Could Go Parabolic Once It Breaks $200 Resistance Analyst The price surge is not just driven by market sentiment but is backed by tangible growth in the platform’s fundamentals. With both TVL and user engagement increasing, the positive outlook for SUI continues to build. Investors are now eyeing higher price targets as they anticipate further growth for the layer-1 blockchain in the coming weeks. As SUI pushes to higher levels, its performance reflects both strong market support and underlying network growth, making it one of the most talked-about projects in the crypto space. SUI TVL Signals Ongoing Rally SUI is currently testing a crucial supply level around the $2 mark, a psychological barrier that, once surpassed, could pave the way for a surge to new highs. Analysts are watching this level closely, as breaking through it would likely trigger a strong bullish move. On-chain data from DefiLlama supports this optimism, revealing that SUI’s total value locked (TVL) has reached an all-time high of $1.07 billion. This marks a remarkable 65% increase in TVL over the past 30 days, signaling growing confidence in the platforms utility and long-term potential. The rise in TVL is a net positive for the SUI coin, as it reflects the increasing adoption of the Sui ecosystem. As more value flows into the network, the demand for SUI tokens will likely grow, creating upward pressure on its price. Investors often view rising TVL as a bullish signal, suggesting that the platform is gaining traction and trust among users. Related Reading: XRP Price Bullish Potential Grows A Surge Above $0.65 Will Trigger Buyers If these positive trends in TVL and overall network activity continue, a rise above SUI’s previous all-time high of $2.16 seems likely in the coming weeks. With momentum building, many expect SUI to achieve further gains, reinforcing its position as a leading layer-1 blockchain. Price Action: Liquidity Levels To Watch SUI is currently trading at $1.89, just 15% away from its all-time high of $2.18. The recent price action has been promising, with an 8% surge in the past hours. Many analysts believe that if SUI can break above the critical $2 level, the chances of reaching new all-time highs are very high. This psychological barrier could trigger a wave of buying pressure, pushing the price to new levels. However, some investors are cautious, expecting a healthy correction before further upward movement. If SUI fails to break past the $2 mark, a retracement to support levels around $1.60, or even down to $1.45, would not be unexpected. Such a correction could provide a solid foundation for the next bullish leg, allowing SUI to gather momentum before attempting to breach the $2 resistance again. Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts Is DOGE Primed For A Rally? Despite this, the overall sentiment remains optimistic, with many investors holding out for a new all-time high shortly. SUIs recent performance and market dynamics suggest that the coming days will be crucial for determining its next move. Featured image from Dall-E, chart from TradingView

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SUI Records Substantial 120% Price Surge, But Insider Selling Claims Raise Red Flags

Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocols native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13.  However, since this peak, the token has retreated by nearly 5%, largely due to growing concerns over allegations of insider selling among the project’s stakeholders. Can SUI Match Solana’s Success? Market expert LightCrypto took to social media platform X (formerly Twitter) on Sunday to express his skepticism about the sustainability of SUI’s recent gains. In a lengthy post, he noted SUI’s substantial rise, which has quintupled from its previous lows of $0.5 on August 5, amid the broader market crash that occurred that day.  While the market appears to be eager for new winners, with macroeconomic conditions pointing to further price gains, LightCrypto raised two critical points that could undermine SUI’s upward trajectory.  Related Reading: Dogecoin Buy Signal Hints At Upside As Funding Rate Keeps Rising Firstly, the expert questioned the rationale behind SUI’s current $23 billion fully diluted valuation (FDV), particularly when compared to Solana’s $73 billion according to Coingecko data.  LightCrypto argued that it no longer makes sense to assume SUI can replicate Solana’s success, especially given that it currently trades at just a quarter of Solana’s market valuation.  The expert further challenged the community to articulate a compelling risk-reward scenario that justifies such a disparity, asking whether SUI has demonstrated even a fraction of Solana’s potential. Potential Market Correction Looms Secondly, LightCrypto alleged the worrying trend of insider selling, indicating that insiders, including what is believed to be a large endowment fund, have dumped around $400 million in tokens during the recent rally.  The expert noted that this selling trend has not only occurred at higher price levels, but has also been ongoing since much lower valuations.  Ultimately, LightCrypto believes that the acceleration of these sales may create a disconcerting atmosphere for retail investors, who may be buying tokens from those best informed about their true value. Related Reading: Why Isnt XRP Price Moving? Crypto Pundit Claims The Answer The implication is stark: as these supposed insiders cash out while retail investors chase momentum, the potential for a market correction looms large, potentially threatening the token’s current rally.  Despite these allegations, SUI, currently trading at $2.24, continues to see significant investor interest in the token, with trading volume up 36% in Sunday’s session, valued at approximately $1.7 billion.  Furthermore, regardless of LightCrypto’s troubling findings, corrections are normal after a token hits a new record high, with the clear example of Bitcoin (BTC), which has been unable to come close to that level since hitting a new record high of $73,7000.  What is certain is that if the expert’s claims prove to be true, it could further exacerbate a potential correction in the SUI price, with the first major support level for bulls being the $2.046 area.  Featured image from DALL-E, chart from TradingView.com

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