Sui on June 9, 2025: Will SUI Hit $4?

SUI traded at $3.2 on June 9, 2025. Will institutional growth and network drive a bullish trend?

On June 9, 2025, Sui (SUI) traded at approximately $3.2, reflecting a 1.5% increase from the previous day. This rise follows a brief corrective period that brought SUI to a key support level of $3.1. Analysts suggest Sui is gearing up for a new bullish move, though short-term volatility remains likely. Technical analysis indicates SUI is trading in an ascending channel, recently testing the $3.1 support successfully. The Relative Strength Index (RSI) stands at around 58, signaling bullish momentum without entering overbought territory. A breakout above $3.4 resistance could drive SUI toward $3.8-$4. Otherwise, it may retreat to the $3.0 support level. A significant recent development is Sui’s partnership with Dubai’s Virtual Assets Regulatory Authority (VARA) on June 2, 2025, to support Web3 startups in the Middle East. This collaboration could boost Sui’s adoption in the region. Additionally, a recent network test showed Sui processing over 297,000 transactions per second, making it one of the fastest blockchains and enhancing investor confidence. Institutional demand is also notable. In the week ending June 9, SUI investment products saw inflows of $3 million, reflecting growing institutional interest. Speculation about a Nasdaq-listed Sui ETF continues, with an SEC decision expected by late June 2025. These developments could generate new demand for SUI. Macroeconomic factors also impact SUI. U.S.-China trade talks on June 9 could increase global liquidity, supporting risk-on assets like Sui. However, regulatory risks, such as SEC discussions on DeFi, could create downward pressure. In the long term, analysts are optimistic, forecasting SUI could reach $7-$11 by 2030, driven by continued ecosystem growth and broader adoption. Investors should monitor support and resistance levels and regulatory risks. Overall, Sui’s strong technical and institutional backing makes it an attractive asset, but it requires careful analysis and patience to capitalize on market opportunities.