The SUI worth has had fairly a disappointing efficiency in 2025, regardless of having began the yr with a red-hot streak. The cryptocurrency’s worth rode this new yr’s momentum to a brand new all-time excessive of $5.35 as early as January 4, 2025.
Nevertheless, the SUI worth at present sits greater than 53% away from this document worth, placing the altcoin’s struggles into perspective. In response to a well-liked analyst on the social media platform X, the worth of SUI could possibly be gearing up for a run-up to a brand new all-time excessive.
SUI To Surge 260% If It Breaks Out Of This Sample
In a latest put up on X, market pundit Ali Martinez put ahead a $9 goal for the SUI worth over the subsequent few months. The crypto analyst recognized 4 explanation why the altcoin’s worth could possibly be on its option to a brand new all-time excessive.
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Firstly, Martinez highlighted the present technical setup of the SUI token, which is buying and selling inside a symmetrical triangle on the 2-day timeframe. For context, the symmetrical triangle is a technical evaluation sample characterised by a diagonal falling higher trendline and a rising decrease trendline.
The asset’s worth sometimes narrows and strikes in the direction of the apex of the triangle sample, both breaching the higher trendline for a breakout or the decrease trendline for a breakdown. In essence, this symmetrical triangle formation usually serves as a continuation or reversal sample relying on the route of the worth break.
On condition that this technical sample tends to be a continuation sign, Martinez expects the SUI worth to interrupt above the higher trendline, resuming its preliminary upward motion earlier than coming into the triangle. In response to the analyst, the token might go as excessive as $9 if there’s a sustained shut above this higher boundary on the $3.6 mark
As of this writing, the SUI worth stands at round $2.51, reflecting an over 1% bounce up to now day. And a transfer to round $9 would signify an over 260% surge from the present worth level.
On-Chain Catalysts For SUI Worth
To help this bullish technical construction, Martinez additionally highlighted three constructive on-chain developments in latest weeks. Firstly, the crypto analyst talked about that the whole worth locked (TVL) on SUI simply hit a brand new all-time excessive of $2.6 billion, indicating robust capital influx on the blockchain.
In the meantime, the amount of decentralized alternate (DEX) exercise on SUI has additionally been on the rise, reaching a brand new document excessive $20.33 billion in October. In response to Martinez, this latest spike was pushed by actual community exercise, and never simply incentives.
The third on-chain growth highlighted is the stablecoin market cap on SUI, which has now climbed to $1.15 billion. Martinez famous that this surge in stablecoin quantity underscores the community’s regular development and powerful demand. In the end, these constructive on-chain fundamentals add to the bullish case of the SUI worth.
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Featured picture from Unsplash, chart from TradingView
