Sui Coin price is flashing one of its most bullish technical setups of 2025, with traders eyeing an explosive move toward multi-month highs after a week of record-breaking on-chain activity and exchange developments.
The token, currently trading around $3.72 with a $13.09 billion market cap, is riding a wave of surging decentralized exchange (DEX) volumes, swelling total value locked (TVL), and growing institutional exposure.
The momentum comes as Sui’s DEX volume year-to-date surpasses $80B, beating out Avalanche, Polygon, and Aptos. At the same time, TVL has climbed to $2.72B, marking a fresh all-time high, while daily active addresses hold near 3.5M.
These metrics are catching the attention of traders, and analysts now see a path toward $5, $7, and potentially new all-time highs if key resistances give way.
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Market Sentiment Fueled by Bullish Catalysts
The bullish mood is being fed by a combination of fundamental and technical drivers. On August 15, Binance added SUI to its BNB Smart Chain (BSC), opening the token to BSC’s $1.04 trillion annualized spot volume and expanding its DeFi integration potential.
While this could invite short-term arbitrage pressure, the listing substantially boosts SUI’s cross-chain utility for staking, swaps, and liquidity provisioning.
Institutional adoption is also in play. On August 14, 21Shares launched its physically backed SUI Staking ETP (ASUI) on the SIX Swiss Exchange, giving traditional investors regulated access to SUI staking yields (currently 1.48% APR) without direct wallet management.
This move comes as Sui’s ecosystem metrics rival top-tier L1 blockchains, further legitimizing its position in institutional portfolios.
Sui Price Targets $7 After Bullish Retest
On the weekly chart, SUI price is pressing against the $4.42 resistance, a level crypto analyst Altcoinpedia identifies as the first major take-profit zone. A clean break could open the door to $5.33, the next resistance before price discovery territory.
Short-term structure shows a completed bullish retest of a multi-month symmetrical triangle, with higher lows forming since late June. The breakout pattern aligns with a measured move that could take SUI toward the $6.50–$7.00 region, matching Ali Martínez’s target.
Ali maintained that the SUI pcoin price has mapped a bullish retest completion above $3.57 support, projecting an upside move to $4.90–$7.00 if momentum holds. Fibonacci extensions from the $1.62 May 2025 low reinforce these levels, with the 1.618 extension landing just under $7.
Volume trends support the bullish thesis. DEX trading volumes over the last 24 hours reached $746.9 million, with perpetuals adding another $155.2 million, suggesting strong derivatives participation. However, open interest has risen 19% week-on-week, leaving the market vulnerable to leverage-driven shakeouts.
For downside risk, $3.57 remains the critical line in the sand. A breakdown here could invalidate the bullish structure, potentially dragging price back toward the $3.10–$3.20 liquidity pocket.
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