May expand $SUI
Its rise in the second half makes it one of the best-performing currencies this year, according to Raoul Pal.
The alternative currency has underperformed the $SOL
At the end of the third quarter.
The Sui currency $SUI had a mixed performance in the first half of 2025, but it is still capable of becoming one of the top five performing currencies in 2025, according to Raoul Pal, founder and CEO of Real Vision.
The 'Solana Killer' currency surpassed $5 in early January, but headwinds in the first quarter dragged it down to a 44% loss. However, in the second quarter, the alternative currency recovered by 17%, and Pal expects more gains in the second half.
In a post on X, Pal predicted that the alternative currency would hover above $2.2, a key support level in April 2025 that was a previous resistance level in 2024.
He confirmed that in the long term, the alternative currency will stabilize below the $3.5 level before a potential breakout if Bitcoin reaches its all-time high.
"My view is that with #بيتكوين surpassing its all-time highs, it will start to outperform other major currencies again and remain within the top 5 major currencies in terms of performance in this cycle."
A dream or a deferred possibility?
In fact, CoinGecko participated in the conversation with a statistic that sparked curiosity. The site reported that if SUI reaches Solana's market cap of $77 billion, the alternative currency could reach a value of $22.9 - equivalent to 8 times.
While this is an optimistic forecast, the real-time SUI/SOL ratio tells a different story.
The alternative currency outperformed SOL by 56% in late April, but lagged later in the second quarter. Since May, SUI has underperformed SOL by 26%. In other words, it would have been better for investors to hold SOL instead of SUI in late third quarter.
Weakness may continue for a few weeks before a potential recovery if the ratio maintains 0.016. If this happens, the alternative currency may outperform SOL by 56% again.
Since May, the alternative currency has underperformed SOL by about 26%, and the SUI/SOL chart reflects a decline of 26.7%.
However, the ratio hovers near its critical support level at 0.0158. If this level holds, traders may witness another recovery of over 50% in the performance of the SUI/SOL pair.
The boom of decentralized finance, then the crash
The recovery of Sui in the second quarter was not only driven by the narrative - part of the strong recovery was contributed by attracting the chain of currencies to decentralized finance.
In April, the monthly trading volume on the decentralized Sui exchange reached $11 billion, up from $7 billion in March. This coincided with a broader market recovery and significant interest in meme coins within the Sui decentralized finance ecosystem.
In May, trading volume on decentralized exchanges reached an all-time high of $14.12 billion, pushing the price of SUI to $4.2.
Given the need for attracting decentralized finance to SUI to pay fees, the overall demand for the alternative currency also declined in June, leading to a price drop from over $4 to $2.2.
Despite the cooling period seen in June, Pal's long-term chart analysis shows that the alternative currency is approaching the apex of the symmetrical triangle - a pattern known to precede breakout moves.#NODEBinanceTGE #USCorePCEMay