- SUI trades at $3.69 as bullish structure and Wave 3 setup signal a push toward $10.
- Open interest hits $1.81B with a 20% funding rate jump, showing strong derivatives demand.
- Cetus compensation plan boosts ecosystem trust as traders eye $3.10–$2.50 for re-entry.
SUI is currently trading at $3.69 as of May 28, 2025, and the trend remains positive despite recent market fluctuations. With technical indicators supporting an uptrend and renewed confidence from derivatives traders, the focus now turns to whether SUI could reach $10 during this bull run.
Technical Structure and Key Levels to Monitor
According to analysis prepared by CryptoBullet, SUI remains one of the most bullish altcoins based on its 1-day chart structure. A five-wave impulse from the April low has set the stage for a corrective wave, with the next expected move being an upward Wave 3. This aligns with rising interest around the $3.30 demand zone.
Recent price action shows SUI testing the 50-day EMA and holding above the $3.30 support. Traders are watching the resistance around $4.29 and the Fibonacci levels at $4.63 and $6.00. King Crypto on X noted that the MACD is turning bullish again, and the ascending support line has held well.
A break above the 20-day moving average could lead to another test of the $4.30 zone. According to data from CoinGecko, trading volume for SUI increased by 18% in 24 hours, signaling market engagement. The Relative Strength Index (RSI) on the 4-hour chart is at 62, showing room for upward movement before overbought territory.
Derivatives Activity and Ecosystem Developments
Over the past 24 hours, open interest in SUI derivatives rose by 2.10% to $1.81 billion. The funding rate also increased by 20.02%, suggesting sustained bullish sentiment. This is despite recent long liquidations, as traders remain optimistic about SUI’s price trajectory.
A key development came from Cetus, a project within the SUI ecosystem, which announced efforts to compensate affected users. This step may improve investor trust. Cetus is taking measures to support users, which could strengthen sentiment in the near term.
With market structure intact and momentum building, traders continue to monitor the $3.10–$2.50 zone for possible re-entry opportunities, aiming for a potential move toward $10.
