SUI Price Flashes Golden Cross – Is a 380% Rally Imminent?

Sui (SUI) price has flashed a golden cross on the daily chart, and if the Q4 2024 bull fractal comes into play, this pattern could spark a 380% rally. The Sui blockchain has also recorded significant growth, with more than $40 billion in total aggregator volumes.

SUI trades at $3.30 at press time with $781 million in daily trading volumes per CoinMarketCap data. With the golden cross being confirmed, it is possible that SUI price extends this rally if buyers step off the sidelines and accumulate.

SUI Price Gears for 380% Rally as Golden Cross Emerges

A golden cross is one of the most bullish patterns that often signals the beginning of a strong bullish trend. The crossover is evident on the one-day chart after SUI’s 50-day SMA crossed above the 200-day SMA, suggesting that the ongoing uptrend may continue.

The last time that SUI price formed a golden cross was during the last quarter of 2024, when the price stood at around $1.09. After this crossover happened, SUI price exploded by more than 380% and reached an all-time high of $5.35.

Currently, the golden crossover is happening again, and if it is confirmed, it is likely that SUI price will post massive gains and possibly hit a fresh all-time high. However, for this rally to happen, SUI may first need to break resistance past $4.30 before the next bull run to the 161.8% Fibonacci level of $5.90.

However, to confirm the bullish momentum depicted by the SMA, the RSI needs to cross above 50. Currently, this metric is tipping north and has made a strong upward trend, an indication that the buying pressure is strong and this altcoin could hit new highs.

However, the golden cross could fail to deliver significant gains like it did in the past if there is not enough buying support. This may happen due to bearish news, such as the recent SEC decision to delay Canary’s spot SUI ETF approval. If the bullish momentum depicted by this golden cross fails, the price may fall to $2.33.

Aggregator Volumes Cross $40B

Among the factors that will support gains for SUI price is a surge in network activity. According to on-chain data shared by X user Torero, the Sui blockchain has surpassed $40 billion in aggregator volumes following a 24% surge in the last 30 days.

This growth depicts growing usage of the Sui blockchain in decentralized application (dApp) activity. This growth may also continue after SUI partnered with VARA to support crypto startups

In summary, SUI price may rally after a golden cross appeared on the one-day price chart. This pattern usually suggests that the upward trend will gain strength and possibly push the price to an all-time high. Meanwhile, the aggregator volumes on the Sui blockchain have increased past $40 billion, which could also bode well for price.

For a more detailed SUI price prediction from 2025 to 2030 – Read This.