Sui ($SUI) bullish breakout accelerates with 9% surge as Grayscale-backed rally eyes $5 target
Sui ($SUI) bullish breakout is dominating the crypto charts as the Layer-1 protocol rockets 9.12% higher in the last 24 hours, fueled by a staggering 128.51% surge in trading volume
Sui ($SUI) is experiencing a bullish breakout in the crypto charts, with the Layer-1 protocol surging 9.12% higher over the last 24 hours, driven by a substantial 128.51% increase in trading volume.
The Sui ($SUI) bullish breakout story continues to develop as the blockchain demonstrates both price strength and fundamental growth, positioning itself as a serious contender in the crowded smart contract platform arena.
With investor sentiment turning decisively bullish and institutions like Grayscale backing its potential, analysts are now projecting a bold $5 price target for $SUI.
Sui ($SUI) bullish breakout has rapidly emerged as one of 2025’s hottest crypto narratives. This Layer-1 blockchain is not only gaining traction in terms of price but also accelerating on-chain adoption, ecosystem expansion, and institutional capital inflows.
Volume surge validates Sui ($SUI) bullish breakout momentum
At the time of writing, Sui is trading at $3.22, having jumped 9.12% over the past 24 hours. This impressive rally is supported by a massive 128.51% increase in trading volume—clear proof that both retail and institutional traders are piling in.
“This kind of volume expansion following a breakout is exactly what bulls want to see,” said Marcus Thielen, Head of Research at 10x Research. “It tells us that the move is not just a short squeeze—it’s real accumulation.”
$SUI/$USD price chart, July 10 (Source: TradingView)
Sui is designed to be a developer-friendly, high-throughput blockchain that supports parallel transaction execution—ideal for decentralized finance (DeFi), NFTs, and gaming.
It also leverages the Move programming language, originally developed by Facebook’s Libra team, for creating highly efficient and modular smart contracts.
Sui’s object-based model allows for more scalable and secure data management, giving it an edge over traditional blockchains like Ethereum in terms of speed and transaction cost.
Ecosystem growth adds fuel to Sui ($SUI) bullish breakout
As of late November 2024, Sui boasted 31.23 million active wallets—an astounding figure that signals mainstream adoption is well underway. Currently, 3.45 billion $SUI tokens are in circulation, with a market cap of $11.13 billion.
The latest token unlock on July 1 released 44 million tokens—1.3% of the circulating supply, worth $122.3 million. Another release is set for August 3, with 49.5 million tokens entering the market.
Despite these unlocks, price action has remained strong, highlighting persistent demand.
Bluefin’s launch of high-frequency trading (HFT) tools on the Sui Network marks a massive leap for institutional integration.
Tailored specifically for advanced traders, the Bluefin v2 upgrade has helped drive over $43 billion in volume since 2023.
Grayscale’s recent endorsement only strengthens the Sui ($SUI) Bullish Breakout thesis.
“Sui has the potential to be the foundational layer for crypto’s next killer app,” said Michael Sonnenshein, CEO of Grayscale. “Its architecture is aligned with the performance demands of the next generation of decentralized applications.”
Sui Network’s daily price chart. Crecit: FX Street
Technical breakout confirms bullish bias
Technically, Sui has completed a textbook-rounded base breakout, a bullish reversal pattern that took shape between June 22 and July 9. The breakout occurred above the $2.80 neckline, with a powerful surge in volume providing confirmation.
On July 10, a bullish candle showed a +2.92M delta with 45.98M in total volume—more than 24.45M of which came from buy orders. This was followed by continued bullish momentum, despite a brief dip from profit-taking.
“Sustained price action above $3.25, paired with consistent volume, strongly suggests this breakout has legs,” said crypto analyst Michaël van de Poppe. “The next key resistance sits at $3.50, and then all eyes are on $5.”
What’s next for Sui ($SUI) bullish breakout?
With technical indicators flashing green, ecosystem metrics exploding, and blue-chip institutional endorsements rolling in, the Sui ($SUI) bullish breakout seems poised for a prolonged rally.
Whales are circling. Developers are shipping. Traders are watching. And momentum is building.
If current trends hold, hitting the $5 mark could be more a matter of “when” than “if.”
Davidson Okechukwu is a passionate crypto journalist/writer and Web3 enthusiast, focusing on blockchain innovation, deFI, NFT ecosystems, and the societal impact of decentralized systems.
His engaging style bridges the gap between technology and everyday understanding with a degree in Computer Science and various professional certifications from prestigious institutions.
With over four years of experience in the crypto and DeFi space, Davidson combines his technical knowledge with a keen understanding of market dynamics.
In addition to his work in cryptocurrency, he is a dedicated realtor and web management professional.
