By Nermeen Nabil Khear 
TLDR
- SUI token experienced a 10.52% surge in 24 hours, reaching $3.31, with increased network activity and active addresses
- The cryptocurrency broke out of a falling wedge pattern after hitting a three-month low below $3 in February 2025
- Analysts predict potential price targets of $7.22, though technical indicators show mixed signals with bearish divergence present
- Network metrics show Sui processing more transactions than Ethereum, Arbitrum, and Optimism combined
- Current market sentiment shows a Long-to-Short Ratio above 2.3, indicating bullish sentiment despite technical weakness
The SUI token has mounted a recovery, gaining 10.52% in the last 24 hours to reach $3.31, marking a turnaround from its recent three-month low below $3. The token’s price movement comes alongside increased network activity and growing adoption of the Sui blockchain platform.
Data from OKlink shows the Sui Network experienced an addition of 55,522 active addresses in the past 24 hours, while total addresses grew by 102,883. Trading volume also saw an uptick, increasing by 7.15% during the same period.
The price surge followed a break above the upper trendline of a falling wedge pattern that formed after SUI’s price created higher lows from $5 to $3 and lower lows from $4.35 to $2.98. The token is currently holding above the $2.85 to $3.00 support zone in the lower time frames.
SUI Price
Technical indicators present a mixed picture for SUI’s short-term prospects. The Relative Strength Index (RSI) stands at 45, indicating neutral market conditions after weeks of bearish momentum. However, the Moving Average Convergence Divergence (MACD) remains in negative territory, suggesting underlying bearish pressure.
On-chain metrics paint a more optimistic picture for the Sui Network’s adoption. Recent data indicates that Sui is processing more daily transactions than Ethereum, Arbitrum, and Optimism combined in 2025, with transaction volumes showing steady growth.
Market sentiment indicators show positive signs, with the Long-to-Short Ratio standing above 2.3 according to Coinanalyze data. This metric suggests optimism among traders on major exchanges, despite technical weakness shown by the Average Directional Index (ADX) reading of 16.13.
The token faces immediate resistance levels at $3.88 and $4.23, which could prove challenging to overcome given the current technical setup. If the upward momentum fails to strengthen, SUI might retreat to support levels at $3.09 and potentially $2.89.
Some analysts remain bullish on SUI’s longer-term prospects. Solberg Invest has suggested that SUI could surpass its previous all-time high of $5.35 and potentially reach the $7.22 resistance level. However, this would require a break above several key resistance points, including the $6.16 level.
Ecosystem
The Sui blockchain continues to expand its ecosystem, leveraging advantages such as low fees, scalability, and high transaction throughput. The platform is actively incorporating DeFi and NFT functionality into its growth strategy.
Network activity metrics support the expansion narrative, with the substantial increase in active addresses suggesting growing user adoption. The total address count growth of over 100,000 in 24 hours indicates steady network expansion.
Trading volume metrics from major exchanges show increased open interest over the past 24 hours, supporting the current price recovery. This uptick in trading activity suggests renewed market interest in the token.
Technical traders are watching the $2.85 key support level, which has held during recent price action. A sustained hold above this level could support further upward movement toward the $6.12 critical level.
The token’s weighted sentiment, as measured by Santiment, remains in negative territory. This metric tracks the overall tone of commentary surrounding the asset and could impact future price movement if the negative sentiment persists.
Current price action shows SUI trading in a range between $2.85 and $3.88, with the potential for movement in either direction depending on broader market conditions and technical developments.
The most recent data shows SUI maintaining its price above $3.31, with continued monitoring of key support and resistance levels by market participants.
The post Sui Price: Network Surpasses Ethereum in Daily Transactions, What’s Next? appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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