SUI Price Breaks Through $3 – Analyst Forecasts a Rally to $3.8 and $4 By May

Highlights:

• SUI price has soared 2%, breaking through the $3 mark, as its trading volume spikes. 
• SUI’s TVL has soared over 8%, indicating growing investor confidence in the token. 
• If the crypto market stays positive, a crypto analyst highlights a potential rally to $4 by May.

The SUI price has had a massive breakout over the past week, surging from $2.10 to $3, indicating a whopping 43% surge in the past 7 days. Meanwhile, the SUI network is in the spotlight due to a fantastic surge of decentralized finance (DeFi) activity in the crypto market.

The token exchanges hands at $3.01, marking a 2% surge in the past 24 hours. Accompanying the price movement is its daily trading volume, which has spiked 5%, indicating soaring market activity. The SUI blockchain has grown rapidly and is now counted among the top-performing networks. 

SUI DeFi Total Value Locked (TVL) has escalated over 8%, reaching $1.47 billion. These metrics and insights depict developers’ trust in the protocol’s capability to provide secure, fast, and scalable financial services. Further, the surging users’ confidence in the real deal that the protocol is making. Any rise in TVL represents more capital being funneled into smart contracts, further strengthening the network’s economic foundation. 

The SUI’s growth has been significantly enhanced by its stablecoin ecosystem, another huge development in the SUI network. The total market capitalization of stablecoin on the network has increased by 7.31% over the past 7 days to reach $865.3 million. SUI’s stablecoins feature USD Coin (USDC) as the leading stablecoin, with over 71% representing the total supply on SUI.

This dominance implies an increasing institutional preference regarding the reliability, transparency, and compliance of USDC. Having a stablecoin present gives a strong use case to DeFi, which makes trading, staking, and lending more easily accessible without extreme exposure to market volatility. 

SUI Price Poised for a Rally to $3.8-$4 According to Analyst

The increasing volume of DEX and TVL indicates a potential surge in the SUI price. Further, various analysts are optimistic about further upside in the SUI market. According to well-known analyst Ted Pillows, Sui has now broken above its key resistance zone and is potentially heading higher. He has further highlighted that if the crypto market sustains a positive outlook, the SUI price could hit $3.8 to $4 by May. 

$SUI just had a massive daily breakout

I told you last month that the $SUI breakout is just a matter of time.

Now, it has broken above its crucial resistance level and is heading higher.

If the market momentum remains positive, SUI could hit $3.8-$4 in May. pic.twitter.com/4O7RArT7tj

— Ted (@TedPillows) April 23, 2025

The additional proof comes from the key bullish technical indicators. The Relative Strength Index (RSI) is currently at 69.26, nearly overbought but slightly below. Strong buyer momentum is the implication; however, traders may wish to watch out for the cooling-off periods.

The MACD indicator notably shows a bullish picture, tilting the odds towards the bulls. If the $2.32 support area holds, the SUI price could surge toward the $3.18 resistance mark, which coincides with the 200-day MA. A break above this level will open the floodgates for further upside toward $3.23, $3.45, and $3.68.

On the downside, if early profiteering commences and the $3.18 resistance mark proves too strong, the SUI price will drop. In such a case, the token will retrace toward the $2.67, $2.60, and $2.32 support levels. Meanwhile, traders and investors should monitor the support and resistance levels to determine SUI’s next move.