The short article discusses whether SUI could become the next Solana and analyzes its 2025 price action. SUI's market cap dropped from $16 billion in January to $7 billion, presenting a 50% discount opportunity.
Early investors like Andreessen Horowitz, Samsung, Coinbase Ventures, and Circle show strong institutional backing, which is very bullish for SUI’s future.
DeFi metrics highlight SUI's strong performance:
DEX volume: SUI ranks among the top 10 chains with ~$200 million daily volume.
Stablecoin growth: SUI's stablecoin volume surged 23% in 7 days, mainly driven by USDC (74% dominance).
TVL (Total Value Locked): Historically, TVL trends have predicted price recoveries for SUI, suggesting a potential upcoming rally.
Technical analysis shows bullish patterns:
Compression downtrend and cup-and-handle patterns suggest upward momentum.
Elliot Wave Theory supports the idea of entering a bullish Wave 5, often the most explosive.
Price targets suggest $7 to $10 potential by the end of 2025.
Finally, a 3-day bullish RSI divergence has appeared, which previously led to 5x and 10x price increases, signaling another strong potential rally.