Sui (SUI) Price: Testing Critical Support After Wild 150% Rally

TLDR

Sui (SUI) experienced a 150% price surge to $4.30 before pulling back to around $3.30, testing key resistance levels Technical indicators show mixed signals with MACD approaching bullish crossover but RSI remaining below 50 A $215 million token unlock on June 1 added selling pressure as the market absorbs increased supply Network fundamentals remain strong with $40 billion in aggregator volume and 24% increase in user activity over 30 days Analysts predict potential targets between $5-8 for 2026 if SUI can break above current resistance at $3.50

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Sui has experienced dramatic price swings in June 2025. The Layer 1 blockchain token surged 150% from $1.71 to $4.30 before settling near $3.30.

SUI Price

The rally was driven by a golden cross pattern on the daily chart. This technical formation typically signals bullish momentum for crypto assets.

SUI is currently testing resistance at the $3.2944 level. Breaking above this price point could trigger the next leg higher toward $4.20.

A rejection at current levels might push the token down to support near $2.90. This represents the ongoing battle between buyers and sellers.

The token has escaped from a descending price channel. This breakout pattern often leads to continued upward movement when sustained.

Technical Indicators Show Mixed Signals

The MACD line is approaching a crossover above the signal line on the daily chart. This technical indicator often precedes bullish price movements.

Source: TradingView

The Relative Strength Index has climbed from oversold territory to the high 40s. This suggests recovering buyer interest in the token.

However, RSI remains below the 50 level. This indicates the overall trend remains fragile and could reverse.

A sustained move above $3.50 resistance could confirm bullish momentum. Failure to break higher might reintroduce bearish pressure in the short term.

Analyst Sir Richard previously noted SUI might reach $7.56 following the golden cross rally. He also cautioned that bearish EMA crossover could slow momentum.

Token Unlock Creates Additional Pressure

A $215 million token unlock occurred on June 1. These large unlocks typically increase supply and weigh on token prices.

Support levels around $3.40 to $3.43 are being tested as the market absorbs this new supply. Historical data shows unlocks often create selling pressure when demand is insufficient.

The unlock represents a test of investor demand at current price levels. Strong buying interest could help absorb the additional tokens.

Weak demand might push prices lower as holders sell their newly unlocked tokens. This creates a key dynamic for near-term price action.

Network fundamentals continue showing strength despite price volatility. Over $40 billion in aggregator volume demonstrates robust ecosystem activity.

User activity increased 24% over the past 30 days. This growth indicates expanding adoption of the Sui blockchain.

$SUI remains to be one of the core pillars of the upcoming bull cycle.

Interesting metrics:
– 8th highest TVL across chains
– Suilend has become the largest lending protocol with a 90% increase in the past month –> $700M in TVL.
– Over 10% of SUI's TVL is in #Bitcoin-related… pic.twitter.com/t8kypcZeQd

— Michaël van de Poppe (@CryptoMichNL) June 9, 2025

The DeFi ecosystem is flourishing with total value locked surpassing $2.08 billion. Daily DEX volume reached $304 million earlier this year.

Applications like FanTV and RECRD have attracted nearly 1 million daily active users. This real-world usage could support long-term price appreciation.

Protocol upgrades including Mysticeti v2 and DeepBook 3.1 have enhanced scalability. These technical improvements strengthen Sui’s competitive position.

The Walrus storage solution has filled 17.5% of its 4 petabyte capacity since March. This demonstrates growing ecosystem demand for Sui-based services.

SUI trades at $3.44 with $1.67 billion in 24-hour volume and over $8 billion market cap. Analysts forecast 2026 price targets between $5-8 assuming continued ecosystem growth.

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