$SUI is making serious moves and the market is paying attention. Trading at $4.17 after a 9.5% daily surge, the altcoin is flashing strong bullish signals across both technical charts and on-chain metrics. With analysts predicting a breakout toward $11.50, SUI could be setting the stage for one of the biggest rallies of the year.
SUI Forms Bullish Ascending Wedge $11.50 in Focus
Renowned analyst Bitcoinsensus has identified an ascending wedge pattern on the SUI chart, signaling a potential continuation to $11.50. The price has formed consistent higher highs and higher lows since launch, and each impulse wave has grown more powerful.
With consolidation holding around the $3.70 support, analysts believe the next breakout wave could be imminent—especially if volume starts to climb again like it did before earlier rallies.
Analysts Say: Every Pullback Leads to a New High
Crypto analyst Mags emphasized SUI’s consistent ability to bounce from local bottoms and create new highs, showcasing clear investor confidence. “Each dip is a launchpad,” Mags stated, as the altcoin continues its uptrend without breaking its bullish structure.
Backing this view, Michaël van de Poppe highlighted SUI’s breakout beyond resistance as a key validation of market strength. His analysis showed SUI forming a new higher high, which historically has led to swift upward movements. If momentum sustains, Poppe believes $11.50 is a reasonable target.
DEX Volume and Stablecoin Inflows Hit All-Time Highs
On the fundamental side, SUI’s ecosystem is booming. The value traded on decentralized exchanges (DEXs) built on SUI just hit an all-time high, indicating increased liquidity and user activity.
Even more telling, SUI is now capturing the majority of stablecoin inflows across Layer 1s—a sign that large investors are parking capital in the ecosystem. This surge in liquidity often precedes price spikes as new capital fuels aggressive trading.
User Growth Skyrockets Triple in Just 3 Months
One of the most bullish signals? SUI’s daily active users have tripled over the past 90 days. The growth suggests that adoption is soaring, especially with the expansion of SUI-based DeFi platforms and DEX infrastructure.
As the number of users increases, network value typically follows—and that’s exactly what analysts believe is playing out with SUI.
Key Levels to Watch
Support: $3.70
Resistance: $5.20, $6.80
Target: $11.50
If SUI clears the $6.80 resistance on strong volume, the next leg up could be explosive. With network activity booming and bullish technical patterns forming, SUI looks like a top altcoin to watch right now.
