Key Insights:
- $SUI is pushing toward a bullish breakout, targeting $5.50.
- Record stablecoin transfers highlight growing demand for the network.
- Investor sentiment remains strong, signaling upward momentum for $SUI.
Sui ($SUI) price shows strong signs of a bullish breakout as it pushes towards the upper bounds of an ascending channel. This upward momentum could propel the price toward the $5.50 target, marking the next phase of its bullish market.
Bullish Chart Setup and Potential for $5.50
The chart for $SUI reveals an ascending channel pattern, indicating that the asset is currently in a strong uptrend. As the price approaches the upper trendline of this channel, it suggests that the bulls are gaining control.
According to market analyst JireonTTP, if $SUI can break above $4.50 and hold this level, the next target price will likely be in the $5.50 range. This breakout would continue the bullish trend and open up the potential for even further price discovery.
The current price action is supported by strong volume, which has increased over the past few weeks. This surge in volume further validates the strength of the bullish momentum. The Relative Strength Index (RSI) also stands at 59.53, indicating that $SUI is not yet overbought and still has room to rise before reaching overbought territory.
Record-Breaking Stablecoin Transfers Fuel Growth
Sui ($SUI) also shows impressive growth in other metrics, such as stablecoin transfers. On July 15, 2025, Sui processed a record $12.14 billion in daily stablecoin transfers, surpassing Solana’s $7.58 billion during the same period. This surge in stablecoin transfers signals increasing demand for the Sui network, particularly within the DeFi ecosystem, where stablecoins play a crucial role.
The growing adoption of Sui for stablecoin transactions highlights its increasing popularity and positions it as a competitor to other blockchain platforms like Solana. As more liquidity flows through Sui’s ecosystem, it could further boost its market position and contribute to the upward momentum of $SUI. This all-time high transfer volume supports the bullish outlook for Sui and signals that the asset is gaining traction among users and investors alike.
Increased Investor Confidence Drives Market Sentiment
OI-weighted funding rate also points out a rising trend, which implies that traders are more eager to shorten long positions, which is another positive sign of enhanced optimism in the market. The larger the funding rate, the more it implies an increase in the demand for the $SUI and the increased number of market participants anticipating higher prices.
SUI price is slowly trending upwards, and the surge of the funding rates has also demonstrated that the asset is in its bullish phase. Long positions have increased, indicating that traders are optimistic about $SUI’s future price potential and are positioning themselves to capitalize on potential profits. There is no selling pressure as depicted in the chart, which implies that the token $SUI will continue to move in the bull direction with strong investor sentiment.
Grayscale Sui Trust Strengthens Institutional Exposure to $SUI
The introduction of the Grayscale Sui Trust opens the Sui to institutional interest, which exposes it to more institutional attention from accredited investors. That may propel upward price action in $SUI because more institutions are interested in digital currency.
The most recent Sui Crypto price prediction hit that SUI will likely dip 25.15% to $3.00 by August. Technical indicators indicate a bullish market while the Fear and Greed Index stands at 74 (Greed). In the last month, Sui Crypto has had 16 green days out of 30 and 13.12% price volatility.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
The post SUI Price Targets $5.50 as Breakout Momentum Builds appeared first on The Market Periodical.
