Sui Analysis on May 31, 2025: Will the Price Rally Continue?

Analysis of Sui trends on May 31, 2025, focusing on Cetus hack recovery, ETF speculation, and DeFi growth.

On May 31, 2025, Sui (SUI), the native token of the layer-1 Sui blockchain, remains a focal point in the cryptocurrency market despite recent volatility. Trading at around $3.43, SUI has shown signs of recovery after an 11% drop triggered by a 44-million-token unlock. This price dip followed a $223 million hack of the Cetus decentralized exchange on May 22, but the recovery of $162 million in frozen funds has restored some investor confidence. Factors like DeFi growth, ETF speculation, and network activity are shaping Sui’s price trajectory. From a technical perspective, SUI is trading within an ascending channel between $3.43 and $3.48. Analysts suggest that holding the $3.43 support level could lead to a test of the $3.5 resistance. A break above this could target $7.56, a new projected high. However, a drop below $3.4 could increase selling pressure. The RSI, around 55, indicates balanced momentum with a slight bullish tilt. The Cetus hack was a significant challenge for Sui in May, causing an 8% price drop. However, a governance vote with 90.9% approval to return frozen funds demonstrated the network’s crisis management capabilities. This action bolstered investor trust, while DeFi protocols like Suilend and NAVI, with increased liquidity, supported ecosystem growth. Sui’s DEX trading volume reached $48.4 billion in the first half of 2025, reflecting growing adoption. ETF speculation is also driving market sentiment. ETF filings from firms like 21Shares and Nasdaq, submitted in May, could boost institutional demand, though SEC delays have created uncertainty. Whale activity, such as large transfers to exchanges, has raised concerns about sell pressure, but analysts suggest these moves may be strategic, possibly for staking. Macroeconomic factors, including geopolitical tensions and Federal Reserve policies, impact SUI. Rising interest rates could push investors toward safer assets, while crypto-friendly U.S. policies may support growth. The Sui Builder Grant Program has also fostered innovation, strengthening the ecosystem. Overall, Sui’s outlook on May 31, 2025, is cautiously bullish. Investors should monitor technical levels, ETF developments, and economic news. DeFi growth and the strong response to the Cetus hack position Sui as a promising project. However, token unlocks and regulatory risks remain challenges. A long-term investment approach with proper risk management is recommended.