Sui (SUI) Price Prediction: Can Sui Break $5 in June After ETF Buzz and TVL Surge?

Currently trading near $3.32, the SUI token is rebounding from a recent low of $3.10, spurred by surging investor sentiment, a major ETF filing, and a rapidly growing DeFi footprint. But can these developments drive Sui to the highly anticipated $5 milestone this June?

ETF Filing Triggers Institutional Buzz

A significant catalyst fueling bullish sentiment around the Sui token is the recent spot ETF filing by 21Shares. If approved, the ETF would make SUI one of the few Layer 1 blockchain tokens available in regulated investment portfolios.

The SEC has officially acknowledged receipt of 21Shares’ filing for a spot SUI ETF. Source: Matteo via X

“The 21Shares filing represents a pivotal moment for Sui,” noted one analyst. “It signals increasing institutional confidence in the network and could unlock a new wave of capital flows into SUI.”

The ETF development coincides with a resurgence in market interest, pushing 24-hour Sui trading volume up by 24.62%. The buzz also comes ahead of the “Sui Summer Hackathon” scheduled for June 19, which is expected to further bolster developer engagement and community involvement.

TVL Surges Past $1.76 Billion as DeFi Flourishes

Another bullish factor is the remarkable expansion of the Sui DeFi ecosystem. According to DeFiLlama, Sui has climbed past $1.76 billion in total value locked (TVL), placing it among the top 10 blockchains by TVL and surpassing major players like Aptos, Cardano, and Polygon.

Sui’s Total Value Locked in DeFi has surpassed $1.76 billion. Source: DefiLlama

One key component of this growth is the rise in Bitcoin-pegged assets such as wBTC and stBTC, which now comprise roughly 10% of Sui’s TVL. Moreover, stablecoin supply on Sui has crossed the $1 billion mark, supporting enhanced liquidity and increased utility across decentralized applications.

“Sui’s TVL metrics are impressive,” said DeFi analyst Grace Abidemi. “What sets it apart is not just the scale, but the diversity of its liquidity, particularly the strong influx of stablecoins and wrapped Bitcoin assets.”

Sui Price Analysis: Is a Breakout Imminent?

Despite strong fundamentals, SUI remains in a technical consolidation zone. On the 4-hour chart, SUI has formed a descending wedge pattern, a structure often seen before a bullish reversal. Price is currently testing the upper wedge resistance around $3.32–$3.36, but is facing headwinds from multiple moving averages.

Sui targets $3.26 and $3.31 after rebounding from $3.18, with $3.39 as a key objective—bullish bias invalidates below $3.13. Source: SmartFlowsl on TradingView

The 50-EMA and 100-EMA at $3.41 and $3.52 respectively serve as key SUI resistance levels. A successful breakout above $3.41 could trigger further gains toward $3.70, and eventually open the door to a run at $5.

Momentum indicators are signaling cautious optimism. The MACD is showing early signs of a bullish crossover, while RSI on lower timeframes hovers near neutral levels. Meanwhile, Ichimoku analysis on the 30-minute chart shows a neutral-to-bullish trend, with price trading inside the cloud and hinting at potential short-term upside.

Short-Term SUI Coin Forecast: Key Levels to Watch

Near-term, Sui’s trajectory hinges on how it performs around critical technical levels. Holding above the $3.30–$3.36 zone could support a climb toward $3.56. Failure to do so, however, risks a pullback to the $3.10–$3.20 region.

“Sui’s breakout attempt is still in the balance,” said Parshwa Turakhiya, a crypto market analyst. “To confirm a bullish breakout, we need a decisive close above the 100-EMA and sustained momentum beyond $3.52.”

This week’s price activity suggests a possible SUI trend reversal or correction is forming, and the next few days could be crucial in defining the Sui market outlook for the rest of June.

Mid- and Long-Term SUI Token Price Target

Looking beyond June, analysts have laid out bullish SUI token price targets. Based on network expansion and increasing developer interest, forecasts for 2025 range from $5.40 on average to highs near $7.01. Even with token unlock events — including a $320 million release this year — many analysts remain confident in Sui’s long-term prospects.

Sui (SUI) was trading at around $3.25, down 2.97% in the last 24 hours at press time. Source: Brave New Coin

By 2026, the SUI coin forecast anticipates average prices around $7.20, with potential highs at $9.26. These projections are driven by expectations that scalable Layer 1 blockchains like Sui will play a key role in Web3 infrastructure.

Forecasts for 2030 are even more ambitious, with some analysts predicting highs near $23.77 and average prices of $18.20. These figures are rooted in anticipated adoption of the Sui network across decentralized finance, NFTs, and enterprise-grade dApps.

Final Thoughts: SUI Bullish Scenario or Bearish Outlook?

Sui’s recent momentum is built on solid fundamentals — rising TVL, ETF buzz, and a dynamic developer community. However, price action remains technically constrained. A confirmed breakout above $3.52 could be the beginning of a new leg higher, but investors will be closely watching for signs of either a bullish continuation or a SUI bearish outlook if resistance holds.

Whether June ends with Sui hitting $5 will depend on how these elements align in the coming weeks. For now, the Sui price prediction remains cautiously optimistic, with bulls and bears locked in a critical tug-of-war.