- Sui’s breakout from key patterns and strong support zones signals a bullish reversal with room for significant upside in 2025.
- Two rounded bottoms and a confirmed triangle breakout on Sui’s weekly chart suggest strong technical momentum is building.
- Rapid ecosystem growth, a Ledger partnership, and SuiPlay’s launch strengthen the bullish case for $SUI in both retail and institutional eyes.
Sui Network ($SUI) is gaining serious traction as technical signals and ecosystem fundamentals align. Currently trading at $1.1363, SUI recently retested the neckline of its Cup and Handle pattern, a key support zone between $1.20 and $1.30. This zone previously acted as resistance and now forms a solid foundation for the next upward move.
The mid-term correction may be ending, and multiple indicators suggest an incoming breakout. The data shows a descending triangle from October 2024 to February 2025, which SUI has recently broken out of. This move, combined with rounded bottom formations and bullish patterns, points to a potential all-time high in 2025.
Technical Patterns Indicate Momentum
The 1-week chart from mid-2023 to early 2025 highlights two distinct rounded bottoms. The first developed between May and September 2023. The second formed from March to July 2024. Both preceded notable upward price actions. Hence, this historical behavior increases confidence in a bullish continuation.
Additionally, a green arrow suggests a potential rally ahead. The scale ranges from $0.50 to $9.50, showing ample upside. Moreover, the recent 4.35% dip does not seem alarming. It aligns with support testing, which often precedes bullish reversals. Consequently, price action supports the thesis that SUI is preparing for another leg up.
Ecosystem Growth Validates Price Action
Beyond technicals, Sui’s ecosystem growth reinforces its momentum according to analyst Frig. On March 31, Sui reached 2.47 million daily active addresses, ranking third among all chains. Besides, it surpassed many established networks like Tron and Polygon. Moreover, Sui’s novel approach avoids global consensus for simple transactions, increasing efficiency.
Additionally, Sui has entered a new partnership with Ledger, enhancing retail access and boosting secure onboarding. Meanwhile, its DeFi footprint continues expanding. Projects like Cetus and Scallop are gaining attention, placing Sui sixth in total DEX volume. A recent ETF filing by Canary with the CBOE signals potential institutional inflows Furthermore, the upcoming release of SuiPlay, a handheld Web3 gaming device, could transform on-chain gaming. Over 9,000 units are already sold. This hardware push sets Sui apart.
