SUI Eyes $10 as Bull Flag Breakout and On-Chain Growth Fuel Rally
By: cryptosheadlines|2025/05/11 06:30:07
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com SUI forms a bullish flag with a target at $6.26 and potential to reach $8.46 in this cycle.Sui Network’s TVL hits $2.03B and derivatives open interest climbs to $1.86B ATH.New products like STEAMM and SuiPlay0X1 boost network growth and investor interest.Sui (SUI) is standing out as one of the strongest-performing cryptocurrencies in the current market cycle. With a consistent structure of higher highs and higher lows, the token continues to show technical strength. Locally, SUI appears poised to break through mid-resistance levels, setting the stage for further price discovery. Many analysts anticipate that $10 is achievable in this cycle.Strong Technical Structure and Bull Flag FormationAccording to analysis prepared by Ali Charts via X, SUI could be preparing for an 8% move in the short term, backed by strong technical indicators. The recent breakout from a bullish flag pattern suggests continued upward movement. SUI rallied 86% from $2.08 to $3.87 in April, followed by a week of consolidation near $3.18. Source :Ali Charts(X)This consolidation formed the “flag,” while the rally created the “pole,” with the pattern forecasting a potential target of $6.26. The Relative Strength Index (RSI) at 65.82 shows consistent bullish momentum, and the Chaikin Money Flow index at 0.18 supports strong buying activity. #SUI is one of the strong coins across the market Macro Higher Lows + Higher Highs structure Locally looks ready to break through Mid Resistance and continue it’s rally into the price discovery 10$ is imminent this cycle$SUI pic.twitter.com/OoM32fumYg— Alex Clay (@cryptclay) May 9, 2025Based on trend-based Fibonacci levels, SUI already reached the 38.2% level near $4.01 before a short-term correction. A rally continuation could drive the token toward the 161.8% extension level near $8.46.On-Chain Growth and Expanding EcosystemAccording to an observation by CoinGlass and DeFiLlama, the Sui Network’s fundamentals are strengthening. SUI’s Total Value Locked (TVL) has surged to $2.03 billion, while open interest in derivatives reached an all-time high of $1.86 billion. These metrics show increasing investor engagement and network activity. Stablecoin supply on the network also hit a new peak at $908.18 million, up over 181% since early 2025. Protocols like Suilend, Cetus, and Walrus have posted over 90% growth in 30 days. Additionally, Sui’s Basecamp event unveiled the STEAMM Token Launcher and gaming-focused innovations like Game Dollar and the upcoming SuiPlay0X1 console. SUI now ranks as the 11th-largest cryptocurrency, with growing momentum that supports its continued rally.Source link
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...
In such a crowded cross-border payment arena, where is the next stop for the future?
Only by stepping into the mud can one have the chance to touch gold.
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...
In such a crowded cross-border payment arena, where is the next stop for the future?
Only by stepping into the mud can one have the chance to touch gold.
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
