Join Our Telegram channel to stay up to date on breaking news coverage
Sui (SUI) is making a bold statement in the cryptocurrency market, with its price surge and growing ecosystem sparking widespread interest. The token’s technicals and fundamentals are aligning in its favor, painting a promising picture. Can SUI’s upward trend continue, or will market volatility catch up with it?
SUI Key Statistics
- Current Price: $3.63
- Market Cap: $12 billion
- Trading Volume (24h): $1.68 billion
- Circulating Supply: 3 billion SUI
- Total Supply: 10 billion SUI
- CoinMarketCap Ranking: #11
SUI has seen significant growth, boasting a market cap of $12 billion and a substantial 24-hour trading volume of $1.68 billion. With 3 billion SUI in circulation out of a total supply of 10 billion, the coin’s momentum is undeniable. Ranked #11 on CoinMarketCap, SUI’s upward trajectory showcases its increasing influence in the market.
SUI/USD Market
Key Levels
- Resistance: $3.86, $4.32, $5.37
- Support: $3.56, $2.97, $2.39
SUIUSD is basking in bullish light today, climbing 3.81% to trade around $3.63. This green candle reflects continued buying interest after April’s impressive breakout. The price remains comfortably above the Keltner Channel midline, indicating a sustained uptrend. If the momentum stretches further, resistance may surface at $3.86, followed by $4.32, and then the significant high of $5.37. However, if buyers take a breather, nearby support could emerge at $3.56, then at $2.97, and a stronger cushion waits near $2.39—each zone shaped by earlier price memory.
The MACD remains in full bloom, with the fast line towering above the signal line, and strong green bars suggesting buyers are still in control. If this strength continues, the next few sessions may carry SUI into fresh price territory. But if momentum cools or volume thins, a pullback toward the $3.56–$2.97 region could be healthy before the next move. For now, the chart tells a story of strength and conviction—one where bulls still hold the pen.
Is SUI Ready to Reclaim Its Previous High of $5.37?
SUI is in full stride, boasting a 23% gain over the past week and a stunning 54% surge in the last month, as per CoinMarketCap data. With today’s 3.81% rise, the token now trades near $3.63, steadily closing in on its previous high of $5.37. This strong upward rhythm has turned heads across the crypto landscape, as SUI continues to defy gravity with consistent daily gains. As momentum builds, the token’s recent rally is not just impressive—it’s beginning to look like a statement.
SUI Price Analysis – More Technical Insights
On the fundamental side, SUI’s network has been making notable progress. Enhanced scalability, faster transaction throughput, and active developer engagement are strengthening its foundation. The ecosystem is also witnessing a gradual rise in DeFi activity, alongside growing support from infrastructure partners. These developments reflect not just hype but real progress behind the scenes. With both price action and fundamentals aligning, the question becomes more captivating—can SUI truly reclaim and surpass the $5.37 mark this time?
SUI/BTC Performance Insight
The SUI/BTC daily chart shows strong bullish momentum, with price breaking decisively above the upper Keltner Channel band and reaching 0.00003793 BTC, up 1.85% on the day. This breakout follows a prolonged consolidation phase and is supported by a widening MACD histogram and a bullish crossover, indicating sustained upward pressure. Key support levels now lie at 0.00003256 BTC and 0.00002718 BTC, while immediate resistance could emerge near the recent high of 0.00005522 BTC. The surge suggests renewed interest in SUI relative to BTC, possibly setting the stage for further gains if momentum continues.
In a related development, Crypto India, a cryptocurrency platform with about 320k followers on X, shared that 21Shares has filed for a spot ETF for $SUI with the SEC. This move is seen as a positive signal for $SUI, potentially boosting its legitimacy and attracting institutional attention in the market.
JUST IN: 🇺🇸 21Shares files for $SUI spot ETF with the SEC. pic.twitter.com/W2kJN2XMjI
— Crypto India (@CryptooIndia) May 1, 2025
Alternatives to SUI
Sui’s network has been making notable progress, with enhanced scalability, faster transaction throughput, and active developer engagement strengthening its foundation. As the Sui ecosystem expands, a powerful tool has emerged to help users navigate the growing landscape: Best Wallet. This versatile multi-chain platform supports numerous digital assets, including SUI.
Best Wallet provides secure asset management, seamless transaction capabilities, and integrated DEX aggregation, simplifying the management of diverse cryptocurrency portfolios within a single interface. By consolidating these features, users can efficiently manage their assets and explore new opportunities. The platform is powered by its native token, $BEST, which offers a cost-effective alternative to SUI for transaction fees within the wallet.
Best Wallet Token Will Pump
$BEST holders benefit from governance rights and access to high-yield staking opportunities, adding value to the token. The substantial interest during its presale, raising nearly $12 million, signifies the increasing traction of $BEST. Best Wallet is now available for download, providing a secure gateway for managing SUI and other digital assets while exploring decentralized finance opportunities.
Related News
- Sui Price Prediction: SUI Surges 58% In A Week As The Best Wallet Presale Heads For $12 Million
-
Trump Plans Crypto Wallet Launch – But Is He Too Late To Challenge Best Wallet’s $12M ICO?
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
