By Nermeen Nabil Khear 
TLDR
- SUI has shown 850% growth from its August 2022 bottom despite recent consolidation
- The integration of Steam AMM enhances DeFi efficiency by utilizing idle liquidity
- Bitcoin integration through Babylon Labs and Lombard could bring significant new capital
- Phantom Wallet’s 7 million monthly active users now have access to SUI
- Technical analysis suggests a potential price target of $7.00 (221% increase) from current levels
The Sui network has been making steady progress in early 2025, holding strong support levels despite January market volatility. SUI price is currently maintaining position above the crucial $2.26 support line while showing promising technical patterns that could lead to significant price appreciation.
SUI has demonstrated remarkable resilience since its 2022 low point. The cryptocurrency has gained 850% from its August 2022 bottom, positioning it as one of the leading Layer 1 alternatives in the market.
The current price action shows SUI trading at approximately $2.27, with buyers consistently entering at the $2.24-$2.26 zone. This price level corresponds to the lower boundary of an ascending channel that has directed SUI’s movement in recent days.
Technical Analysis
Technical analysis reveals a falling wedge pattern on the 3-day chart. This pattern has previously signaled major trend reversals for SUI. Similar breakouts in mid-2023 and late 2023 led to substantial rallies.
The wedge formation suggests decreasing selling pressure and tightening price movement. These conditions often precede strong upward breakouts once validated by increased trading volume.
On-chain metrics support the bullish technical setup. SUI’s transfer volume has reached an impressive $73.85 billion, surpassing TON’s $49.46 billion. This high volume of stablecoin transactions reflects active economic participation within the blockchain.
The network ranks among the top three chains for capital inflows in recent 24-hour periods. This places SUI behind only Base and OP Mainnet according to Artemis data. The positive ratio between inflows and outflows indicates growing trust and liquidity.
Several key catalysts could drive SUI’s growth in the coming months. The first is DeFi innovation through Steam’s Automated Market Maker (AMM). Unlike traditional AMMs that leave significant liquidity idle, Steam creates a capital-efficient solution that puts all liquidity to work through SUI’s lending protocols.
$SUI has broken out from the bullish falling wedge pattern
The last two times this happened on the daily chart, it led to a significant market rally
— Trader Edge (@Pro_Trader_Edge) March 26, 2025
This system allows liquidity providers to earn both trading fees and lending yields. The dual revenue stream could attract substantial new capital into the ecosystem.
Bitcoin integration represents another major growth driver. The collaboration between Babylon Labs and Lombard enables Bitcoin holders to stake their assets and receive liquid staking tokens. These tokens can then be used across SUI’s DeFi protocols.
The integration opens SUI to the massive Bitcoin community. It provides Bitcoin holders with new utility for their assets without requiring them to sell.
Phantom Wallet integration brings SUI to a much wider audience. With 7 million monthly active users and 32 million total downloads, Phantom’s support opens the platform to a vast new user base.
Phantom’s reputation for user-friendly design could help SUI replicate Solana’s successful retail adoption path. Easy access is often a key factor in driving mainstream cryptocurrency adoption.
The Walrus decentralized storage protocol expands SUI’s utility beyond traditional blockchain applications. This blockchain-agnostic solution enables large-scale data storage for AI training and content hosting.
Walrus also allows developers to build fully decentralized websites. This innovation could attract enterprise users and broaden SUI’s appeal beyond its current user base.
Recent technical upgrades further strengthen SUI’s foundation. The Mystic V2 update and SIP-45’s dynamic gas pricing improve the network’s efficiency and scalability.
While resistance remains at the $5 level and the current all-time high of $5.36, the combination of technical strength and fundamental growth points to potential targets of $7 in the near term. Some analysts project even higher prices of $35 by the end of 2025, assuming favorable market conditions.
The post Sui (SUI) Price: Technical Analysis Suggests 221% Growth Potential appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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