Price Analysis

Sui Price Approaches ATH as Blockchain Activity Intensifies

Sui price hovers near ATH as development activity peaks. With bullish momentum and key upgrades, SUI gains investor confidence
Published by
Sui Price Approaches ATH as Blockchain Activity Intensifies

Highlights

  • Development activity on Sui price hits its highest monthly level.
  • Sui derivatives market sees trading volume rise by 27%.
  • Bullish structure hints at a breakout, targeting $5.50–$6 soon.

As the crypto market rebounds, Sui (SUI) trades near its all-time high, driven by ecosystem expansion and strong investor interest. Scalability improvements and network growth fuel optimism, pushing SUI higher amid bullish momentum. Meanwhile, Bitcoin hovers below $100K, reflecting broader market trends supporting Sui’s rising market presence and investor confidence.

Advertisement

Price Approaches ATH as SUI Development Activity Spikes

Sui price is hovering near its ATH as development activity reaches its highest level in a month. On-chain data shows developers are actively working on upgrades, signaling continued growth and innovation within the ecosystem. This increase in development efforts often indicates strong project fundamentals, potentially attracting more users and investors.  

Higher development activity typically boosts confidence in a blockchain’s future, suggesting ongoing improvements and new features. With Sui’s network upgrades gaining momentum, the project could see greater adoption and usability. As the crypto market watches these developments, investors remain optimistic about the best altcoin potential to sustain its upward trajectory.

Advertisement

SUI Price Eyes Breakout as Bulls Rally

Analysts highlight that SUI price continues to trade just below its previous all-time high, signaling a potential breakout. Market dynamics show  SUI price approaching AVAX’s market cap, reinforcing its growing significance in the crypto space. 

Additionally, reports reveal that Eric Trump holds SUI prices, alongside BTC, ETH, and SOL, increasing interest from prominent figures. Institutional support is also evident, as Grayscale has allocated 8% of one of its funds to Sui price, marking a milestone for the asset.

The SUI weekly chart presents a bullish structure, with the price currently hovering around $4.86. A retest of previous resistance-turned support indicates strength, suggesting the potential for another leg upward. If the current trajectory holds, analysts project a 41.78% rally toward the $5.50–$6 range in the coming weeks. 

Source: X
Advertisement

Key Levels To Watch For Sui Price

As of the reporting time, the SUI price hovered around $4.59, reflecting a 1% surge within the past few hours. The asset remains in a consolidation phase, trading between key support at $4.5 and resistance at $5.30.

If this level holds, a bullish reversal could target the $5.35 resistance (ATH), marking a potential 15.72% gain. A breakout above $5.35 could propel the price toward the next psychological barrier at $6.00.

On the downside, failure to sustain current levels may lead to a retest of $4.50, and a breakdown below this support could trigger further selling pressure, potentially driving Sui price prediction towards $4.20.

Sui price chart: TradingView

Sui’s derivatives market experienced a significant boost, with trading volume jumping 27% to $2.82 billion. Open interest also saw a 4% increase, reaching $1.40 billion. The latest figures highlight rising investor engagement and growing confidence in SUI’s derivatives ecosystem.

Source- Coinglass

Sui’s continued development and market growth signal strong fundamentals, boosting investor confidence. If bullish momentum persists, SUI could break its ATH and sustain further gains, reinforcing its long-term potential.

Advertisement

Frequently Asked Questions

What is driving Sui’s development growth?

Active network upgrades and increased developer participation fuel expansion.

Is Sui price expected to break its ATH?

Analysts suggest a potential breakout if bullish momentum continues.

How does Sui compare to AVAX?

Sui is approaching AVAX's market cap, indicating growing market relevance.
Share
Coingapestaff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?

Bitcoin price continues to trade within a defined consolidation range as the broader crypto market…

October 8, 2025
  • Price Analysis

Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B

Solana price pulled back today, Oct. 8, mirroring the performance of the broader crypto market,…

October 8, 2025
  • Price Analysis

XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip

The XRP price continues to draw attention as market analyst, Ali Charts, warns of a…

October 8, 2025
  • Price Analysis

Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?

The BNB Coin price continues to extend its upward trajectory, reflecting consistent market strength and…

October 8, 2025
  • Price Analysis

ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?

The ASTER price has slipped by 2.37% over the past 24 hours, while the HYPE…

October 7, 2025
  • Price Analysis

Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone

Ethereum price could be on the verge of a strong bullish breakout in the coming…

October 7, 2025