Source - CryptoFrontNews

SUI price forecasts are heating up again as the level 1 token hovers around a triple support cluster near $2.70. Even with a pullback, whales are quietly adding SUI, and some are hedging with RTX Remittix in case volatility persists. Below, we will analyze what the charts, on-chain metrics, and developer activity say about a possible move to $8 by 2027.

SUI defends a rare three-way support zone
After doubling the April low of $1.71, SUI reached a high of $4.30 on May 12 before sliding into a downward channel. This drop has now reached the former breakout line at $2.70, the 0.618 Fibonacci retracement, and the lower boundary of the channel — a triad that many technical specialists view as the 'last stand' support.

Bullish RSI divergence on the daily chart highlights the likelihood of a rebound, although the MACD has yet to switch to green. Holding $2.70 keeps the projected SUI price heading towards $3.50 in the short term and $5.00 later this year; a breakout opens $2.10.

Aside from the token price, Sui gained over 1200 active developers per month in May, which is a 26% increase compared to the previous quarter. Total value locked rose to $2 billion, doubling since March and surpassing Aptos in DeFi market share.

If the planned zkLogin upgrade and Wormhole-based bridges are deployed on schedule, Messari analysts believe that by mid-2025, the number of active users could triple, which is a growth curve underpinning the long-term SUI price forecast of $8–$10.

While SUI's roadmap looks strong, some large wallets are diversifying into Remittix (RTX), a payment protocol that converts cryptocurrency, including SUI, into same-day bank deposits for about 1%. For instance, a freelance designer in Nairobi can now accept USDC, automatically exchange it through the Remittix engine, and receive Kenyan shillings in minutes — no central exchange required.

At $0.0781 and approximately $15.7 million in early funding, RTX remains micro-capitalized; however, its addressable market exceeds $190 trillion in annual global payments. If even a fraction of these flows moves to blockchain, demand for RTX (and the shortage caused by burning) could surpass many L1 tokens, making it a sensible addition to any aggressive SUI price forecast portfolio.

Conclusion: what needs to happen for $8

To see how the price forecast for SUI materializes at $8 by 2027, the token must defend $2.70, convert the May peak of $4.30 into a higher high, and then ride on a sustainable expansion of the network's key metrics — imagine the total value locked exceeding $5 billion and daily active users surpassing one million — as more general macroeconomic conditions become riskier.

If this trio of technical resilience, ecosystem growth, and favorable market backdrop aligns, SUI's market capitalization will still be comfortably below $20 billion, leaving room for huge profits reminiscent of Solana's breakout in 2021; Until that happens, balancing the core SUI position with a smaller utility-focused Remittix stock allocation offers investors an attractive mix of growth potential with high beta and real diversification.

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