Sui: Will the Growth Continue?

Sui trend analysis on June 10, 2025: Will SUI break the $3.50 resistance?

On June 10, 2025, Sui (SUI), an emerging high-performance blockchain, is capturing significant attention in the crypto market. The price of SUI is trading at approximately $3.46, up 4.5% over the past 24 hours. This growth, following a successful recovery from a $223 million hack in the Cetus protocol, signals resilience and a cautiously bullish outlook, though consolidation or a short-term correction remains possible. Technical analysts highlight chart patterns like an ascending triangle on the four-hour timeframe, which could indicate an imminent breakout. Key resistance levels lie between $3.50 and $4.35. A breakout above these levels could propel SUI toward $5.00 or even $6.50. However, failure to breach the $3.50 resistance might lead to a pullback to support levels at $3.20 or $3.05. A key factor in Sui’s success is its robust network activity and growing DeFi ecosystem. Daily decentralized exchange (DEX) trading volume on Sui reached $304.3 million in Q1 2025, a 14.6% quarter-over-quarter increase. Protocols like Cetus and Bluefin have driven this growth, despite the recent Cetus hack. The rapid rebuilding of the platform, supported by the Sui Foundation and restoring 85–99% of initial liquidity, has bolstered investor confidence. Additionally, NFT activity on Sui remains strong, with a trading volume of 13.2 million SUI since the mainnet launch. The recent filing by Nasdaq to list a 21Shares SUI spot ETF signals growing institutional interest in the project. This move could enhance liquidity and mainstream adoption of Sui. Furthermore, Sui’s partnership with Dubai’s Virtual Assets Regulatory Authority (VARA) to support Web3 startups strengthens its potential in the Middle East. From a macroeconomic perspective, U.S.–China trade talks and Federal Reserve monetary policies influence the crypto market. Rising daily active addresses and Sui’s transaction speed, which exceeded 297,000 transactions per second in a recent test, underscore the network’s technical prowess. However, a recent decline in smart contract creation may indicate reliance on market sentiment over fundamentals. For traders, risk management is critical. Using tools like TradingView for chart analysis and reputable exchanges like Binance or Coinbase is recommended. Traders should monitor key levels and news related to proposed ETFs and ecosystem advancements. Overall, Sui in June 2025 is at a pivotal moment. Breaking the $3.50 resistance could spark a new rally, but traders must prepare for potential volatility and maintain clear risk management strategies.