Sui crypto has returned to the spotlight as it works to regain bullish momentum following a rebound from a key support zone.
After spending several weeks in consolidation, $SUI recently surged from a technical level that had served as a strong base during earlier market pullbacks.
This upward move has caught the attention of traders, sparking optimism about the potential for a fresh rally. On-chain data reflects increasing trading volume and improving sentiment, signaling that market participants are regaining confidence in Sui’s near-term prospects.
Source – 99Bitcoins YouTube Channel
Sui Price Prediction
Sui (SUI) is under pressure this week, dropping 12% and fighting to hold a key support level near $3.20.
Although bearish sentiment across the market may be driving this decline, $SUI now sits at a pivotal point. Technical indicators hint at a possible head and shoulders formation — a pattern that often signals more downside ahead.
Despite this setup, there’s no need for panic yet. $SUI still trades above its support zone, leaving room for a rebound if market conditions improve. The current price sits at $3.15, still about 40% below its all-time high.
On shorter timeframes, $SUI has lost 1% over the last day, 5% over the month, and 12% over the week. These figures aren’t encouraging, but they don’t spell disaster either.
With a market cap around $11 billion and 3.39 billion tokens in circulation out of a 10 billion max supply, Sui holds its ground as a major Layer 1 player.
The token last traded at $3.26 before slipping to current levels. Holding $3.14 remains critical, as previous breaks below this zone have led to sharp drops ranging from 15% to 27%.
Sui continues to push its core mission: bringing Web3 benefits with Web2 simplicity. The project stands out for its high throughput, strong security, and low fees. As a scalable Layer 1 blockchain, it has gained traction with over 1 million followers — many drawn in during the last bull market.
A return to all-time highs may not come this cycle, but $SUI could still rebound if the market turns bullish. That would require renewed momentum across top coins like Bitcoin and Ethereum. A broad crypto rally could lift sentiment and help $SUI recover.
In the meantime, $SUI’s ability to hold support or rebound will shape its short-term direction, keeping it on many traders’ radar.
Best Altcoin to Buy Now: Solaxy (SOLX)
Solaxy introduces the first Layer 2 solution tailored specifically for the Solana ecosystem. While Solana delivers high throughput and low transaction fees, it continues to face congestion and transaction failures during peak usage.
Solaxy tackles these problems by offloading execution to its own Layer 2 framework. Through rollups and bundled transactions, Solaxy increases scalability and eases network load, enabling developers and traders to interact with the Solana blockchain more smoothly.
These upgrades prove especially useful as Solana becomes a hub for meme coins, NFTs, and DeFi activity.
The team launched Solaxy’s public testnet this week, marking the first fully operational Layer 2 network on Solana. This release goes beyond a basic demo—it offers a working example of how Solana can scale without sacrificing speed or native developer tools.
Users can now bridge SOL from Solana Devnet to Solaxy using bridge.solaxy.io, move assets across the rollup, deploy smart contracts with familiar tools, and explore on-chain activity via the Solaxy Explorer.
The team also plans to roll out features like native DEX trading and the Igniter launchpad, further expanding Solaxy’s functionality.
Source – Solaxy Twitter
So far, the presale has raised over $44 million, with token prices at $0.001746 and staking rewards reaching up to 91% APY.
Investors can buy tokens directly on the Solaxy website and manage their holdings through Best Wallet, a self-custody multichain wallet built for seamless integration with $SOLX and the broader Solaxy ecosystem.
Visit Solaxy
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