SUI Price Targets $5.30 ATH as On-Chain Momentum Builds for Breakout

SUI’s price action displays bullish consolidation NEAR the $4.50 resistance level, with technical indicators pointing toward a potential rally to its all-time high of $5.30. Despite a minor intraday pullback on May 13, the asset retains strong structural support.

Institutional interest and ecosystem growth are driving momentum. Phantom Wallet’s integration now enables seamless cross-chain swaps between Sui, Ethereum, Solana, and Base networks—a major accessibility boost. Meanwhile, NFT collaborations and surging DeFi activity highlight adoption, with Total Value Locked reaching $2.18 billion and monthly DEX volume surpassing $11 billion.

Technical analysis shows aligned EMAs supporting upside potential, though the RSI at 68 suggests possible near-term consolidation. Traders are monitoring whether fundamental catalysts can overcome resistance barriers this quarter.