- Sui’s bull flag signals a potential move toward $5.50–$6.00 if it clears the $4.10 breakout level.
- Institutional interest and a rising DeFi ecosystem support SUI’s strong fundamentals and long-term narrative.
- Meme coins are holding steady while SUI builds momentum, making it a likely candidate to take the lead in the upcoming crypto wave.
The setup comes at a time when top meme coins like Dogecoin (DOGE), Bonk (BONK), Dogwifhat (WIF), and PEPE slow down. Analysts say technical indicators are aligning in favor of Sui, possibly giving it the upper hand during the next market wave. Investor sentiment is shifting from hype-driven meme coins to fundamentally backed Layer-1 networks with real ecosystem traction.
Sui Posts Strong On-Chain Growth and Institutional Interest
Sui’s total value locked (TVL) has grown by over 140% in recent months, now exceeding $2.2 billion across dApps and bridges. The growth has been supported by rising developer activity, consistent daily users, and rising volume across major decentralized exchanges (DEXs).
Grayscale’s inclusion of SUI in recent trust reports boosted investor confidence, further fueling bullish outlooks from institutional research teams.
As sentiment builds, analysts now consider Sui one of the few Layer-1s showing strong metrics beyond just price speculation.
SUI Eyes $5 After Completing WXY Correction
According to analystCryptoWaveV, SUI appears to have completed a WXY corrective structure, with the final wave Y landing within the $3.54–$3.37 target zone. The pattern included an initial ABC with an overshooting B, followed by a three-wave X and a downward three-wave Y. Current price action shows bullish divergence on the 1H chart, alongside a local MACD divergence, supporting a potential upward continuation.
The primary scenario targets a move toward the $4.40–$5.00 zone. However, if the upcoming move lacks impulsive strength and unfolds correctly, another selloff could follow, though this remains a less likely scenario for now based on current signals.
DOGE, BONK, WIF, and PEPE Struggle to Keep Up
Dogecoin and PEPE have lost momentum this week, with gains holding below 2% as meme coin trading volumes decline across major exchanges. DOGE currently trades at $0.236, marking a 10.8% increase, while PEPE has dropped 7.4% to $0.00001259
. Meanwhile, Bonk and WIF continue to show strong community engagement, but both have entered short-term downtrends, reflecting broader fatigue in the meme coin sector.
Analysts now believe capital is rotating from meme tokens into newer narratives such as scalable L1 networks and DeFi-oriented ecosystems. Sui, in contrast, is gaining attention from both technical traders and institutional buyers for its innovative infrastructure and rising user base.
Market Watching for Sui to Outperform Next
Traders are closely watching the $4.10 level, which is viewed as the key breakout zone for Sui’s next rally attempt. With strong ecosystem growth, favorable technicals, and institutional tailwinds, Sui may soon outperform many high-risk speculative meme coins.
The bull flag breakout would signal renewed strength and could trigger sharp inflows from short-term traders looking for strong upside. While DOGE and PEPE remain iconic in crypto culture, SUI’s fundamentals appear better aligned with the evolving altcoin market dynamics.
