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SUI price breakout? Technical pattern signals move toward $4.25
By: cryptosheadlines|2025/05/08 23:15:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com SUI price gains as token continues upside with monthly gains of over 85%The altcoin is rising as the overall crypto market bounces amid gains for Bitcoin.Crypto analyst Captain Faibik shared a SUI price prediction suggesting a surge to $4.25.Sui price is up 12% in the past week, with the altcoin rising as Bitcoin spikes to near $100k.With equities also on the up after US President Donald Trump announced a trade deal with the United Kingdom, BTC looks poised for further gains.A leg up for the altcoin market amid this scenario could tie into Sui’s latest pump.One crypto analyst forecasts Sui price could rally to above $4 with a key technical pattern breakout.Gains see Sui ecosystem tokens riseThe Sui ecosystem tokens have seen their total market capitalization jump by more than 6% in the past 24 hours to above $29 billion.While most of this is in the SUI network’s native token at $12 billion, a lot of the top ecosystem tokens are registering notable gains.Bonk (BONK), Walrus (WAL), and DeepBook Protocol (DEEP) prices have increased 10%, 9%, and 12%, respectively, in the last 24 hours.The three tokens’ market cap values stood at over $1.4 billion, $800 million, and $596 million, respectively.Is Sui price set for a rally above $4?The gains for Sui and the ecosystem tokens mirror broader market performance this week, with bulls looking to take control amid macroeconomic and regulatory catalysts.In this respect, crypto analyst Captain Faibik has shared a bullish price prediction for SUI.According to the analyst, who shared the outlook via X, the layer blockchain network’s native token could spike to $4.25.He based his forecast on the technical chart for Sui, which shows a breakout from a channel pattern.The analyst’s 4-hour chart shows the SUI/USD pair breaking above the upper trendline.$SUI is getting Ready for another Bullish Impulse..Next Stop : 4.25#Crypto #SUI #SuiNetwork #SUIUSDT pic.twitter.com/6W8LFEEKgG— Captain Faibik (@CryptoFaibik) May 8, 2025Currently, SUI price hovers near at $3.79, up nearly 12%, and with a 24-hour volume of $2.18 billion.The altcoin changed hands at $3.24 during the Asian session on Thursday, and a surge to above $4 will see buyers flip focus to the all-time high of $5.35 reached on January 6, 2025.From the current level, this will be a 29% increase.Notably, SUI is up more than 85% in the past month, having jumped from lows of $2.03 on April 16, 2025.While the broader risk asset market may yet hit macroeconomic headwinds, the current outlook suggests bulls may have an upper hand.Sui’s traction as the blockchain network for digital asset ownership helps this outlook.Headwinds will, however, stall upside momentum, likely exacerbated by profit-taking deals.Share this articleCategoriesTagsSource link
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