Sui in 2025: Will the Growth Continue?

Sui market analysis on June 15, 2025: Price trends, DeFi advancements, and future outlook.

On June 15, 2025, Sui (SUI), a layer-1 blockchain renowned for its high speed and innovative design, continues to draw attention in the crypto market. According to TradingView, SUI’s price is approximately $3.35, reflecting a 1.2% decline over the past 24 hours. This price drop, alongside recent analyses, indicates a short-term bearish trend, but fundamental factors and the long-term outlook remain promising. Technical analysis reveals that SUI has faced selling pressure following a token unlock event on June 1, which released 58.35 million tokens valued at $215 million into circulation. The Relative Strength Index (RSI) is at 38, nearing oversold territory, while the Moving Average Convergence Divergence (MACD) shows a bearish crossover, reinforcing the likelihood of continued selling pressure. Key support lies between $3.2 and $3.3, and holding this level could prevent further declines. A break below this support may push the price toward $3. The primary resistance at $3.5, if breached, could signal a bullish reversal. Fundamentally, Sui benefits from its expanding DeFi ecosystem. The total value locked (TVL) in Sui’s DeFi protocols has reached $1.77 billion, signaling strong developer and user confidence. However, the $220 million hack of the Cetus protocol in May 2025 negatively impacted market sentiment, though the recovery of $162 million in stolen tokens and their return to users has partially restored trust. The Cetus decentralized exchange also relaunched on June 8 and announced plans to go open-source, which could attract new developers. News of a spot Sui ETF filing with Nasdaq has also captured investor attention. The likelihood of ETF approval by the end of 2025 is estimated at 60%, potentially boosting institutional demand. Additionally, the SuiPlay0X1 gaming device, which supports crypto games, has been well-received, contributing to Sui’s growing adoption. However, recent geopolitical tensions in the Middle East, which triggered $1.15 billion in crypto market liquidations, have adversely affected SUI. For investors, monitoring support and resistance levels and staying updated on regulatory developments and ecosystem progress is critical. While short-term challenges are likely, Sui’s long-term potential is supported by its robust technology and ecosystem growth. Analysts consider a $4.35 target by the end of June 2025 feasible, provided the market shifts toward a bullish trend. Overall, Sui may test lower support levels in the short term, but holding $3.2 could pave the way for price recovery. Traders should employ careful risk management and stay attuned to chart patterns and market news.