SUI Skyrockets 70% in a Week – Is a New All-Time High Next?
SUI’s price surge defies market gravity—up 70% in just seven days. Traders are now betting whether this Layer 1 dark horse can smash its previous ATH.
What’s fueling the rally? Speculation swirls around upcoming protocol upgrades and a sudden influx of institutional ’tourists’ chasing the next shiny thing in crypto.
Technical indicators scream overbought, but since when did that stop a hype train? If the momentum holds, SUI could rewrite its price history—just in time for the usual ’buy the rumor, sell the news’ circus.
New ATH Speculations Abound
It’s not just DeFi that has been driving the SUI price upward. The most important catalyst is the possibility of lowering the US tariffs against China. This brought strong optimism to financial markets like stocks and crypto.
The global crypto market cap started to rise toward the $3 trillion mark again.
Many analysts on X have been hinting at Sui’s strong bullish momentum. Bitcoinsensus shared a chart that shows SUI moving in an ascending wedge pattern.
$SUI Massive Price Projection Target🔥
Sui has been moving in waves inside this ascending wedge that has been forming since June of 2023.
We now also have got a bullish high time-frame confirmation with a break of trend on the RSI on the weekly.
Next price target for $SUI on… pic.twitter.com/T4F5nxU5RY
— Bitcoinsensus (@Bitcoinsensus) April 23, 2025
Bitcoinsensus’ data shows SUI’s historical price chart from May 2023 and indicates that the asset will likely reach a new all-time high of $11.5 before facing another major correction.
While the technical indicators look optimistic, it’s important to note that several key factors like the macroeconomic conditions, fundamental signals, and overall investor sentiment can shift at any moment under different circumstances.
nextSUI Rallied 70% in 7 Days – Can It Reach New All-Time High?
