Sui Price News: Rising Past $1 Could Result in 34% Short-Term Gain for SUI

Sui (SUI) has gone up by 12% in the past 7 days and managed to break the $1 barrier today as market sentiment improved significantly in the past few days.

Trading volumes experienced a strong 60% jump in the past day, hitting $760 million and accounting for 19% of the token’s circulating market cap.

That $1 resistance had been a strong sell wall in the past few weeks.

However, investors seem to be getting ready to jump back into the market at a point when rising geopolitical tensions and war could make cryptos’ decentralized nature more appealing than ever.

Extreme Fear Eases, Setting the Stage for a Recovery

The Fear and Greed Index has recovered significantly in the past month, stepping out of a record low of 5 to 34.

As we have previously mentioned, whenever this sentiment gauge recovers strongly off “Extreme Fear” territory, that tends to be an early signal of a shift in the market’s structure.

The last time this happened, we saw Bitcoin (BTC) rising from $85,000 to $97,000 in less than two months, while the time before the recovery was even more dramatic as BTC rose from $75,000 to $11,000.

That said, Sui’s upside potential could still be capped by weak network usage. On-chain data from Artemis shows that the number of weekly active users has plummeted to its lowest level since May 2024 at around 170,000.

This represents a 72% retreated compared to the beginning of the year and an even more dramatic 91% drop compared to the project’s April 2025 peak of 1.9 million WAUs.

Lower network usage means declining adoption, which has a negative impact on the project’s valuation metrics and outlook.

SUI Broke Out of $1 for the First Time in Nearly 40 Days

Heading to the charts, the 4-hour time frame shows that SUI had been consolidating between $0.86 and $1 for the past 40 days or so.

Today’s breakout out of that consolidation pattern could be an early indication that the market is ready to push the price higher and flush out leveraged shorts that stand above that mark.

Total liquidations surged past $300 million in the past 24 hours as cryptos spiked. This is strong evidence that the market is heavily one-sided toward the bearish end, which increases the odds of a short squeeze.

Based on the structure we see in the 4-hour chart, if bulls manage to push SUI past the $1.1 mark, we could witness a strong move toward $1.34 at least, meaning a 34% upside potential in the near term.

The Relative Strength Index (RSI) in this lower time frame recently moved to 60, which is typically considered a buy signal as well.

What to Watch to Predict SUI’s Next Moves?

We might still expect some turmoil down the road, but that might just be noise. SUI could drop to $0.98 before the rally resumes, and then bulls would set eyes on the $1.1 level as the next target.

Our signals system spotted three consecutive “decisional” buy candles in the hourly chart, indicating institutional or whale participation.

These are high-volume candles that tend to confirm the strength of a price move. When they pop up at key levels (like the $1 threshold for SUI), they turn into high-probability entries.

If a sell signal flashes after a rejection of the $1 area, that could be an early indication that this relief rally is over. Otherwise, if a buy signal shows up above $1, get ready for an explosive surge.