Stock prices in SUI have dipped by 6%, but analysts predict a potential rise to $7.
In a recent analysis, Ali Martinez, a renowned cryptocurrency analyst, has predicted a bullish price movement for Sui (SUI) in the coming weeks. According to Martinez, the key breakout from a symmetrical triangle pattern on the daily chart could lead to potential gains for SUI.
The breakout occurred above the $3.57 Fibonacci level, which is now acting as support. This significant move has been accompanied by a surge in the total turnover for SUI, with a record $1.56 billion traded in the past day.
Potential Price Targets and Key Levels
Martinez highlights potential price targets for SUI, with Fibonacci extension levels suggesting a path toward the next key area at $5.25. Further targets are projected near $6.9 and $7, according to technical levels.
However, critical resistance sits around $4.20–$4.50. If SUI can convincingly close above this level, it could trigger a sharp rally toward $7 or $8. Conversely, support levels are around $3.50 to $3.90. Failure to hold these might lead to a short-term retracement to approximately $3.00.
Strong Momentum and Growing Fundamentals
Technical indicators such as RSI near 62, and positive MACD histogram bars, indicate strong momentum without overbought conditions. This bullish sentiment is further supported by growing fundamentals. Sui's DEX volume surged 657% year-over-year to $10.3 billion in July 2025, and a significant portion of SUI tokens are locked in DeFi, indicating institutional and retail interest.
Widening Investor Access and New Products
21Shares, a leading issuer of crypto exchange-traded products, has listed two new products on the SIX Swiss Exchange: the 21Shares Sui Staking ETP (ASUI) and the 21Shares XDC Network ETP (XDCN). These new products aim to provide direct price exposure to SUI and XDC, respectively, and offer staking exposure to SUI with built-in risk controls.
The trend of TVL growth in Sui-based DeFi protocols has stayed upward despite short-term dips. Data from DefiLlama shows TVL growth from about $500 million a year ago to above $2 billion this year. Exchanges that have recorded position closures during the session, apart from Binance, include OKX, Bybit, and Gate, though in smaller amounts.
In summary, Ali Martinez's technical view suggests SUI is positioned for a bullish breakout above $4.20–$4.50, aiming for prices near $7 in the medium term, provided the current momentum is sustained. Traders should watch the key resistance and support levels closely for confirmation or signs of reversal.
- The bullish sentiment for SUI is also fuelled by the growing popularity of DeFi, as a significant portion of SUI tokens are locked in DeFi, indicating institutional and retail interest.
- Recently, 21Shares, a leading issuer of crypto exchange-traded products, listed two new products on the SIX Swiss Exchange: the 21Shares Sui Staking ETP (ASUI) and the 21Shares XDC Network ETP (XDCN), providing direct price exposure to SUI and XDC, respectively, and offering staking exposure to SUI with built-in risk controls.
- The trend of TVL growth in Sui-based DeFi protocols has stayed upward despite short-term dips, with DefiLlama data showing TVL growth from about $500 million a year ago to above $2 billion this year, indicating a strong and growing interest in the DeFi space associated with SUI.
