Why Sui (SUI) Could Lead the Next Major Crypto Bull Cycle

While the broader crypto market remains in a downtrend, the Sui (SUI) blockchain is emerging as a standout contender, with booming on-chain fundamentals and a bullish technical structure that suggest it could be poised to lead the next major market rally. A significant disconnect is growing between the network’s explosive ecosystem growth and its currently consolidating price, a dynamic that has captured the attention of top market analysts.

Born from the remnants of Facebook’s ambitious Diem project, Sui has rapidly carved out a position as a top-tier Layer 1 platform, driven by its unique architecture that enables remarkable scalability and a seamless user experience.

The primary case for Sui’s potential is rooted in its undeniable on-chain growth. Sui’s total value locked (TVL) and continue to break new highs. This steady on-chain growth signals ongoing developer and user engagement.

Moreover, the ecosystem is expanding rapidly, gaining attention from analysts and investors alike. Michaël van de Poppe, a crypto analyst, has highlighted Sui’s rapid development as a key reason to keep a close eye on the project.

On the technical side, several analysts have provided detailed insights. Naveed notes that Sui’s price is respecting a key demand zone near $2.39. This could mark the beginning of a bullish reversal.

If the price breaks above the $2.85 resistance and holds, a shift in market structure is likely. This move could then push the price toward the $3.83 mid-range. A further breakout may send it into the $4.31 supply zone, offering a of 44.43%.

However, the $3.58–$3.64 range remains a significant resistance barrier. Failing to hold above the $2.39 support zone could invalidate this setup and lead to further downside. Currently, the price is hovering just above this critical support, making $2.85 the decisive level to watch.

CryptoBullet adds to the with his recent analysis. He points out that Sui bounced off the EMA/MA365 levels in March and April. This was followed by a move toward his mid-term price target.

The price is again testing those same moving averages while forming a falling wedge pattern. Historically, this pattern often leads to bullish breakouts. He believes this is where Sui could establish a higher low before setting a new all-time high.

At the time of writing, SUI is priced at , marking a 2.79% gain in the last 24 hours. The weekly decline of 14.29% contrasts with a significant 24-hour trading volume of over $808 million.

With a circulating supply of 3.4 billion SUI, its market cap stands above $9.5 billion, underlining its solid position among top-performing Layer 1 blockchains.