SUI Skyrockets 73% in a Week: Can It Break Its All-Time High?
SUI Token Surges Past the Competition Amid Bullish News and Ecosystem Growth
SUI, the native token of the Sui blockchain, has stunned the crypto world with a massive 73% rally over the past seven days, making it the top-performing crypto among the top 100 by market cap.
As of April 25, SUI soared to $3.67, fueled by a wave of investor optimism thanks to Grayscale’s new SUI Trust and a game-changing Mastercard partnership with xPortal and xMoney. These milestones have triggered a bullish breakout for the altcoin, sending it flying past competitors like AVAX and LINK.
🔥 What’s Driving SUI’s Unstoppable Climb?
Grayscale SUI Trust Attracts Institutional Attention
On April 23, Grayscale launched the Grayscale SUI Trust, offering accredited investors a direct way to gain exposure to SUI without directly holding the token. This move marked a major institutional nod to the project.
“This isn’t just retail hype—Wall Street is stepping into the SUI zone,” said crypto analyst Kyledoops on X. “Momentum feels different this time. It’s real. And it’s accelerating.”
Virtual Mastercard Partnership Unlocks Real-World Utility
SUI’s latest partnership with xPortal and xMoney introduced a virtual Mastercard that allows 2.5 million users across Europe to spend SUI at over 20,000 merchants via Apple Pay and Google Pay. This significantly boosts real-world use cases, often a weak point for emerging altcoins.
📊 Sui’s DeFi Ecosystem Is Booming
In DeFi, SUI is now among the top 10 layer-1 blockchains by total value locked (TVL), boasting $1.65 billion in TVL—up 40% in just seven days.
Daily DEX volumes have exploded 177%, reaching $599 million, far surpassing volume growth on rival chains like BNB and Solana.
| Blockchain | 7-Day DEX Volume Growth |
|---|---|
| SUI | +177% |
| BNB Chain | +68% |
| Solana | +67% |
📈 Technical Analysis: Can SUI Reach New Heights?
SUI recently broke out of a falling wedge pattern, pushing past a multi-month resistance at $2.20 and hitting a technical target of $3.30. Now, bulls are targeting the previous all-time high of $5.35, set on January 6.
The RSI has jumped from 45 to 78 since April 20, confirming strong bullish momentum. But before SUI can break into price discovery territory, it must overcome resistance between $4.50 and $5.10.
According to Elliott Wave analysis from analyst Bitcoinsensus, SUI could potentially rally to $11.50 if current momentum holds.
🚨 Is Now the Time to Jump In?
While SUI’s fundamentals and momentum are undeniably strong, investors should proceed with caution. The crypto market is notoriously volatile, and risk management is essential.
As always, conduct your own research before investing.
