Sui (SUI) Price: $10 in Sight? Stablecoin Growth on Network Reaches $1 Billion

TLDR

SUI price currently trading around $3.84, up 1.38% in 24 hours Technical indicators suggest a short-term pullback to $3.00-$3.50 region Long-term price targets range from $5 to $20 if support holds TD Sequential sell signal appears on 3-day chart, indicating possible correction Stablecoin supply on Sui blockchain has surpassed $1 billion, up 218% over past six months

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Sui (SUI) price has been displaying mixed signals lately, with both bullish and bearish indicators creating a complex market outlook. Currently trading near $3.84, the cryptocurrency is showing strength with a 1.38% increase over the last 24 hours, but analysts are divided on its short-term direction.

Recent technical analysis reveals a TD Sequential sell signal on the 3-day chart, suggesting that SUI may be heading for a temporary pullback. This indicator typically signals the end of a trend, pointing to a possible correction in the near future.

“SUI looks ready to pull back,” warned analyst Ali Martinez, who identified the TD Sequential pattern. If this correction materializes, price support around the $3.00 to $3.50 range will become crucial for maintaining the longer-term bullish outlook.

Despite these short-term concerns, the overall technical structure remains positive for SUI. Multiple analysts have pointed to bullish patterns on the charts, including ascending triangles that often precede upward price movements.

$SUI chart looking bullish 📈 pic.twitter.com/HZQZBXPflC

— Trader Edge (@Pro_Trader_Edge) May 18, 2025

The cryptocurrency recently reached almost $4.29, showing strong recovery from previous lows. This price action has generated optimism among some market participants, with targets as high as $10 being discussed if key resistance levels can be broken.

Technical Indicators Show Mixed Signals

Technical measurements present a complicated picture for SUI traders. The Relative Strength Index (RSI) currently sits at 41.47, indicating weak bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in bearish territory.

Price action shows SUI trading near the lower Bollinger Band, which typically suggests undervaluation. However, this doesn’t guarantee an immediate reversal.

Sui
SUI Price

Adding to this mixed outlook is shrinking Bollinger Band range, classically interpreted as a sign of low volatility that often comes before major price movements. Without increased volume and clear confirmation, this squeeze could result in further downside rather than an upward breakout.

Key resistance levels to watch include $4.20, $4.50, and $4.80. Breaking above these points could trigger renewed buying interest and potentially open the path toward higher targets.

Long-Term Outlook Remains Positive

While short-term fluctuations continue to create uncertainty, the long-term outlook for SUI appears more favorable. Crypto analyst Patel noted that SUI has already surged 130% from its entry around $2.00 to its recent high of $4.29.

On-chain data supports cautious optimism. SUI investor sentiment has been boosted by recent developments, including the integration of BitVM bridge and the planned launch of Peg-BTC (YBTC), which expands Bitcoin DeFi capabilities on the Sui network.

$SUI pumped 130% from our entry around $2 — now hitting $4.29! Bottom perfectly caught.

Expecting a healthy pullback to ~$3 before next leg higher — that zone is ideal for fresh entries.

Long-term targets: $5/$10/$15/$20#SUI #Altcoins https://t.co/cwdGCRdYLd pic.twitter.com/gIFzdosPrW

— Crypto Patel (@CryptoPatel) May 17, 2025

One of the most promising developments for the Sui blockchain is the rapid growth of its stablecoin market. As of May 16, the stablecoin supply on Sui has exceeded $1 billion—representing a 218% increase over the past six months. This sharp rise in liquidity highlights increasing activity in the Sui DeFi ecosystem.

Stablecoins including USDT, USDC, FDUSD, and USDY are powering decentralized applications and trading protocols on the Sui blockchain. The growth in stablecoin supply suggests users are increasingly confident in the platform’s scalability and utility.

Funding rates data from Coinglass also points to bullish sentiment, as they remain positive. This shows that traders are predominantly taking long positions, reinforcing expectations of higher SUI prices ahead.

For SUI to reach the ambitious $10 target, it must first break through immediate resistance at $4.80 and maintain support above $3.00. These key levels will play an important role in confirming trend changes and attracting new buyers.

Strong market structures, increasing trading volumes, and the target of $20 set by many investors indicate that SUI could make a substantial move in the coming weeks.

The current Long/Short Ratio chart reveals a slight shift in market sentiment, with more traders holding short positions (52.19%) than those with long positions (47.81%). This suggests some traders are expecting a short-term dip.

For now, the Sui crypto market remains in a holding pattern, waiting for a clear signal to break free from its current trading range. The next major move—whether up or down—could be just around the corner.

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