Sui Analysis: Bullish Rally on July 12, 2025

Sui trades at $3.45 on July 12, 2025. ETF filings and DeFi growth fuel a bullish trend.

On July 12, 2025, Sui (SUI) is trading at approximately $3.45, up 1.89% in the past 24 hours. The cryptocurrency has surged over 20% in the past week, reaching a high of $3.54, its highest level in a month. This strong performance has positioned Sui as one of the standout altcoins in the current market. Technical analysis of Sui’s daily chart reveals an inverse head-and-shoulders pattern that has recently broken out, signaling a bullish continuation. The price has surpassed the $3.08 resistance and is now targeting $3.55 and $3.89. Key support levels at $3.10 and $2.90 could prevent sharp declines. A break above $3.89 could drive Sui toward $5, a target analysts deem feasible for Q3 2025. The RSI at 55 indicates growing strength but remains below overbought territory. However, the MACD has not yet shown strong divergence, so traders should remain cautious. Recent news highlights multiple ETF filings for Sui by firms like Grayscale, Canary Capital, and 21Shares, sparking significant market optimism. The SEC’s decision on these ETFs, expected in August 2025, could significantly impact the price. Additionally, Sui’s DeFi Total Value Locked (TVL) has surged 480% year-over-year to $1.8 billion. The launch of tBTC and a stablecoin market cap of $1.1 billion reflect robust network adoption and liquidity. From a macroeconomic perspective, the crypto market has benefited from rising institutional liquidity and expectations of Federal Reserve rate cuts. Bitcoin’s rally to $118,000 has created a favorable environment for altcoins. On-chain data shows Sui’s trading volume rose to $2.18 billion last week, indicating growing investor confidence. However, the unlock of 44 million SUI tokens in July 2025 could create temporary selling pressure, though analysts believe the impact will be limited. Currently, Sui is in a price discovery phase, and a breakout above $3.89 could spark a major rally. Traders should monitor trading volume and candlestick pattern confirmations. Despite potential short-term pullbacks, Sui’s long-term outlook remains bullish due to ETF prospects, DeFi growth, and institutional adoption. For traders, setting stop-losses below $3.10 and waiting for breakout confirmations is a prudent strategy. Overall, Sui’s blend of technical and fundamental factors makes it one of the most compelling cryptocurrencies in the current market.