TLDR
- SUI price holding strong above $2.26 support level within an ascending channel pattern
- Falling wedge pattern on 3-day chart suggests potential for a 221% price increase to $7.00
- Stablecoin transfer volume reaches $73.85 billion, surpassing TON’s $49.46 billion
- Recent capital inflows place SUI among top three chains, behind only Base and OP Mainnet
- Four key catalysts could potentially drive SUI price to $35 by the end of 2025
Technical Analysis Shows Promising Signs
The Sui cryptocurrency (SUI) has been maintaining its position above the key support level of $2.26 while moving within an ascending channel pattern. Technical indicators are showing positive trends that align with strong on-chain data, particularly the $73.85 billion in stablecoin transfers. This substantial capital movement signals increasing network engagement.
On the 4-hour chart, SUI price has been holding steady at $2.2751, staying above the crucial ascending channel support identified at $2.26. This channel has influenced the token’s movement in recent days, with the lower boundary consistently triggering upward price movements.
If SUI continues to maintain above this support level, it could push toward the $2.50 range. This price point has previously marked the peak of past SUI rallies. The upward momentum appears to be sustaining as buyers continue to enter the market in the $2.24–$2.26 zone.
Long-Term Pattern Suggests Major Upside
Looking at the broader 3-day timeframe reveals an even more promising outlook. Analysts have identified a falling wedge pattern, which typically signals an upcoming trend transformation. SUI has previously broken out from similar pattern formations during mid-2023 and toward the end of that year.
$SUI has broken out from the bullish falling wedge pattern
🔹 The last two times this happened on the daily chart, it led to a significant market rally 🚀
🔹 The next resistance level is around $3 pic.twitter.com/VrCozBUxht
— Trader Edge (@Pro_Trader_Edge) March 26, 2025
These previous breakout events led to major market rallies. Some forecasts suggest SUI price could reach as high as $7.00, representing a potential 221% increase from its current market value.
Wedge patterns typically show reduced selling pressure alongside tighter price movements. These conditions often result in strong upward breakouts once volume confirmation takes place.
On-Chain Activity Supports Bullish Outlook
The bullish case for SUI isn’t based solely on price charts. On-chain data indicates genuine user participation in the ecosystem. Reports show that SUI’s transfer volume has surpassed that of TON, reaching $73.85 billion compared to TON’s $49.46 billion.
$SUI flips TON in total stablecoin transfer volume. pic.twitter.com/2BOdRceR0S
— ToreroRomero (@Torero_Romero) March 22, 2025
Stablecoin transactions reflect real economic activity on a blockchain. They are commonly used for payments, DeFi operations, and token swaps.
SUI’s transaction volume has seen a dramatic upward trend recently. This rapid growth highlights that both users and platforms are increasingly favoring this token for fund transfers.
What makes Sui Network’s growth even more remarkable is that it’s outpacing TON. Despite TON leveraging Telegram’s vast community and influence, SUI is thriving impressively on its own merits.
SUI has also maintained its position as one of the top three chains for capital inflows in recent days. Data places it just behind Base and OP Mainnet in terms of inflows. This surge reflects growing interest and stability in SUI price.
The network’s inflow of funds exceeded its outflow, indicating growing trust, increased liquidity, and network participation. Meanwhile, Ethereum experienced the biggest outflow of funds, suggesting users may be moving away from more expensive older networks toward efficient and quicker systems like Sui.
Blockchain capital inflows drive network activity through various initiatives. These include new application launches, higher user engagement, and improved staking activity.
Catalysts for Future Growth
Looking beyond the immediate technical setup, several catalysts could drive SUI’s growth through 2025. First among these is DeFi innovation through Steam AMM, which introduces a capital-efficient solution that puts idle liquidity to work through SUI’s lending protocols.
The second potential catalyst is Bitcoin integration through the collaboration between Babylon Labs and Lombard. This allows Bitcoin holders to stake their assets and receive liquid staking tokens for use across SUI’s DeFi ecosystem.
Third, the integration with Phantom Wallet opens SUI to a vast user base of 7 million monthly active users. This could replicate Solana’s successful retail adoption trajectory, given Phantom’s user-friendly design.
Finally, the Walrus decentralized storage protocol expands SUI’s utility beyond traditional DeFi and NFT applications. This blockchain-agnostic solution enables large-scale data storage for AI training and content hosting.
Recent technical upgrades, including the Mystic V2 update and SIP-45’s dynamic gas pricing, further strengthen SUI’s infrastructure. Some analysts project that these combined factors could potentially drive SUI price to $35 by the end of 2025, assuming favorable market conditions.
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