- SUI up 12% over seven days, building momentum post-SUIFest.
- Network activity and TVL reach new highs at $2.46 billion.
- Buyback program on Bluefin DEX shows steady, strong token support.
The crypto market continues to climb, with total capitalization rising to $4.29 trillion, up 2.23% in the past 24 hours. Major coins like Bitcoin, Ethereum, XRP and BNB are all in the green. Bitcoin is holding above $124,000 and Ethereum is nearing $4,700. But one altcoin that’s quietly turning heads is Sui (SUI) — now up 12% in the past seven days.
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Sui Builds Momentum After SUIFest
Analyst Michael van de Poppe said that Sui is preparing for a major breakout, calling its recent chart setup “very promising.” The coin’s structure shows rising strength within the ecosystem and growing investor interest.
The surge follows SUIFest, a recent community and developer event that brought renewed attention to the project. Since then, activity on the network has accelerated, and total value locked (TVL) has reached $2.46 billion, a new all-time high.
“$SUI is building-up for such a big breakout. It’s up for a new ATH,” he wrote. Sui is trading at $3.64, up 2.57% in the past 24 hours, with a market cap of $13.22 billion. Sui remains about 31% below its all-time high of $5.35 set on January 6, 2025.
SUI Price Analysis: What’s Next?
SUI is also seeing activity on the Bluefin DEX, which has an ongoing token buyback program. The buyback dashboard shows a steady increase since October 1st, showing strong support for the token.
SUI has been performing well compared to other altcoins. The coin has reacted well to the support area around the 23.6% Fibonacci level, showing a bounce from recent lows. The key support levels to watch are $3.50 and $3.42. On the upside, resistance starts at $3.72, followed by $3.80, with a target near $3.88, which aligns with the upper boundary of the current trend channel.
Overall, SUI is currently trading mid-range between tested support and upcoming resistance levels, and further movement may also be influenced by Bitcoin’s performance around the weekly candle close.
Related: Bitcoin and Gold Rise Together as Liquidity Keeps Markets Wired
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