Analyst Says SUI Price Could Be Heading To $9: 4 Reasons Why
The SUI value has had fairly a disappointing efficiency in 2025, regardless of having began the 12 months with a red-hot streak. The cryptocurrency’s value rode this new 12 months’s momentum to a new all-time high of $5.35 as early as January 4, 2025.
However, the SUI value presently sits greater than 53% away from this document value, placing the altcoin’s struggles into perspective. According to a preferred analyst on the social media platform X, the value of SUI might be gearing up for a run-up to a brand new all-time high.
SUI To Surge 260% If It Breaks Out Of This Pattern
In a latest publish on X, market pundit Ali Martinez put forward a $9 goal for the SUI value over the following few months. The crypto analyst recognized 4 explanation why the altcoin’s value might be on its approach to a brand new all-time high.
Firstly, Martinez highlighted the present technical setup of the SUI token, which is buying and selling inside a symmetrical triangle on the 2-day timeframe. For context, the symmetrical triangle is a technical evaluation sample characterised by a diagonal falling higher trendline and a rising decrease trendline.
The asset’s value usually narrows and strikes in direction of the apex of the triangle sample, both breaching the higher trendline for a breakout or the decrease trendline for a breakdown. In essence, this symmetrical triangle formation typically serves as a continuation or reversal pattern relying on the route of the value break.
Given that this technical sample tends to be a continuation sign, Martinez expects the SUI value to interrupt above the higher trendline, resuming its preliminary upward motion earlier than coming into the triangle. According to the analyst, the token may go as high as $9 if there’s a sustained shut above this higher boundary on the $3.6 mark
As of this writing, the SUI value stands at round $2.51, reflecting an over 1% leap prior to now day. And a transfer to round $9 would symbolize an over 260% surge from the present value level.
On-Chain Catalysts For SUI Price
To assist this (*4*), Martinez additionally highlighted three optimistic on-chain developments in latest weeks. Firstly, the crypto analyst talked about that the entire worth locked (TVL) on SUI simply hit a brand new all-time high of $2.6 billion, indicating robust capital influx on the blockchain.
Meanwhile, the quantity of decentralized trade (DEX) exercise on SUI has additionally been on the rise, reaching a brand new document high $20.33 billion in October. According to Martinez, this latest spike was pushed by actual community exercise, and never simply incentives.
The third on-chain improvement highlighted is the stablecoin market cap on SUI, which has now climbed to $1.15 billion. Martinez famous that this surge in stablecoin quantity underscores the community’s regular development and robust demand. Ultimately, these optimistic on-chain fundamentals add to the bullish case of the SUI value.