SUI Gains Momentum Amid Bullish Outlook and Institutional Attention
In the past day, SUI has experienced a notable increase in market value, rising by over 4%. This upward movement has been accompanied by a sharp surge in trading activity, with volume climbing more than 50% at the time of writing. This combination of rising price and volume often suggests heightened investor interest and growing confidence in the asset.
Image SUI (Source: BanklessTimes)
Analysts Signal Uptrend and Predict Record Highs
Several market analysts have begun to pay closer attention to SUI recent performance. Michael Van de Poppe has expressed a strong view that SUI is positioning itself as a foundational player in the upcoming bullish cycle. He anticipates that the token may soon approach its historical peak price, reflecting the broader momentum building behind it.
Van de Poppe also pointed out several underlying factors contributing to the asset’s strength. SUI currently ranks as the blockchain with the eighth-highest total value locked (TVL) across all networks. This metric, which reflects how much capital is currently committed to decentralised finance (DeFi) applications on the platform, indicates significant user engagement and growing utility.
A major contributor to this growth is Suilend, SUI lending protocol, which has seen a remarkable 90% increase in TVL over the past month. At present, it holds approximately $700 million, making it the largest lending application on the network. Notably, over 10% of the total capital locked on the SUI blockchain is connected to Bitcoin-related assets, showcasing a strong level of interoperability with major crypto assets.
Adding to this positive sentiment is the recent filing for SUI-based exchange-traded funds (ETFs) by financial firms 21Shares and Canary Capital. These filings reflect growing institutional interest and signal a move toward bringing SUI into more regulated financial markets. If approved, these ETFs would allow investors to gain exposure to SUI through traditional investment channels, likely encouraging further inflows of capital.
Chart Patterns Hint at Potential Breakout
In the technical analysis space, chart watchers have identified a classic “golden cross” pattern forming in SUI price movements. This formation, which typically appears when a short-term moving average rises above a long-term one, is widely regarded as a signal of a potential price rally.
According to a pseudonymous analyst who tracks these movements, the last time this pattern occurred in SUI price chart, the token experienced a rise of over 400%. The analyst has now identified the same signal emerging again, suggesting the possibility of a sharp increase. The projected price target in the event of another breakout ranges between $8.32 and $10.00, which would represent a potential gain of around 180% from current levels.
JUST IN:
SUI GOLDEN CROSS ALERT $SUI is making moves again!
Last time we saw this setup, it pumped over +400%!Now it’s flashing the same golden cross and the new target zone is
$8.32 – $10.00. That’s a potential +180% breakout from here!Don’t sleep on this.
History… pic.twitter.com/tpegYO8A2d— Sui Intern (unofficial) (@suintern_) June 9, 2025
Meanwhile, another analyst has studied SUI’s performance on the weekly chart and believes it is forming a structure that could mark the start of a broader reversal. As of now, SUI is trading around $3.21. If the asset holds above key support levels and maintains its current momentum, a stronger upward move could follow. The next key support sits at approximately $2.13, which is not only a previous demand zone but also aligns with a key Fibonacci retracement level. From here, price targets have been set at $3.95 and $5.88.
Ted, another market analyst noted that SUI appears to be establishing a price base between $2.80 and $3.00. He believes that if the token manages to sustain a daily close above $3.50, it could pave the way for a new record high in the next few weeks. According to him, the asset is showing clear signs of momentum building, especially as it approaches this key threshold.
Image 2 (Source: Mitrade)
On-Chain Data Supports Uptrend
Beyond market speculation, on-chain data also reinforces the bullish case for SUI. Decentralised exchanges (DEXs) on the network have recorded a noticeable increase in trading volume. Recently, daily volume on these platforms reached $34.3 million, marking a 14.5% increase. This spike has largely been driven by greater liquidity and trading activity on two of SUI’s major DEXs—Cetus Protocol and Bluefin.
Figures from the first quarter of the year further highlight this trend. Daily DEX volumes on the network increased by over 315% compared to the same period last year, with an average of around $304 million in trades. Additionally, the total value locked on the SUI network has grown 35% quarter-on-quarter, reflecting rising usage and developer engagement.
Currently, the total capital locked in the SUI ecosystem ranges between $2.0 and $2.1 billion. A large part of this growth can be attributed to Suilend’s rapid expansion, which alone accounts for nearly $700 million of the network’s TVL. This growth demonstrates the increasing importance of SUI in the broader DeFi space and underlines user confidence in the protocol’s offerings.
Read Also: Bitcoin Price Today Steady at US $105,700 – Full Crypto Market Report
Institutional interest continues to grow alongside these metrics. The ETF applications from 21Shares and Canary Capital indicate that major players are preparing to give clients exposure to SUI in regulated environments. This could be a key step in broadening access to the asset and attracting larger-scale investments over time.
