- SUI forms a bullish flag with a target at $6.26 and potential to reach $8.46 in this cycle.
- Sui Network’s TVL hits $2.03B and derivatives open interest climbs to $1.86B ATH.
- New products like STEAMM and SuiPlay0X1 boost network growth and investor interest.
Sui (SUI) is standing out as one of the strongest-performing cryptocurrencies in the current market cycle. With a consistent structure of higher highs and higher lows, the token continues to show technical strength. Locally, SUI appears poised to break through mid-resistance levels, setting the stage for further price discovery. Many analysts anticipate that $10 is achievable in this cycle.
Strong Technical Structure and Bull Flag Formation
According to analysis prepared by Ali Charts via X, SUI could be preparing for an 8% move in the short term, backed by strong technical indicators. The recent breakout from a bullish flag pattern suggests continued upward movement. SUI rallied 86% from $2.08 to $3.87 in April, followed by a week of consolidation near $3.18.
This consolidation formed the “flag,” while the rally created the “pole,” with the pattern forecasting a potential target of $6.26. The Relative Strength Index (RSI) at 65.82 shows consistent bullish momentum, and the Chaikin Money Flow index at 0.18 supports strong buying activity.
Based on trend-based Fibonacci levels, SUI already reached the 38.2% level near $4.01 before a short-term correction. A rally continuation could drive the token toward the 161.8% extension level near $8.46.
On-Chain Growth and Expanding Ecosystem
According to an observation by CoinGlass and DeFiLlama, the Sui Network’s fundamentals are strengthening. SUI’s Total Value Locked (TVL) has surged to $2.03 billion, while open interest in derivatives reached an all-time high of $1.86 billion.
These metrics show increasing investor engagement and network activity. Stablecoin supply on the network also hit a new peak at $908.18 million, up over 181% since early 2025. Protocols like Suilend, Cetus, and Walrus have posted over 90% growth in 30 days.
Additionally, Sui’s Basecamp event unveiled the STEAMM Token Launcher and gaming-focused innovations like Game Dollar and the upcoming SuiPlay0X1 console. SUI now ranks as the 11th-largest cryptocurrency, with growing momentum that supports its continued rally.
