Sui Price Analysis – Here’s Why Sui Will Hit $5 Soon?

Highlights:

• Sui price shows a strong bullish continuation after the key resistance break.
• Technical positive divergence indicates potential for further upward movement.
• Analysts set a $5 target as strong resistance levels approach.

Sui price has experienced a slight decline over the past 24 hours, with an 8% drop in the last week. However, the asset is showing signs of a bullish continuation. After breaking out from a long-term triangle pattern, SUI has successfully retested the previous resistance level, now acting as support.

Sui Price Surges, Technical Strength Builds

The price encounters resistance as it approaches a crucial Fibonacci retracement zone that could trigger a consolidation period. Any pullback from the present price will find strong support within the $2.70–$2.40 area.

Sui maintains encouraging fundamental growth behavior. Sui serves as the essential linkage between Bitcoin and Ethereum infrastructure through its integration of sBTC with Stacks. The user experience will improve through Zero-Knowledge Login and Sponsored Transactions innovations that will also decrease transaction costs.

Metrics tracked on-chain indicate strong bullish potential due to more than 95.5 million active user accounts and over 9 billion transactions. The network maintains a remarkable capability of processing 297K transactions per second (TPS) while operating at approximately 400ms latency. The open interest numbers for Sui futures experienced dramatic growth because they expanded from $700 million to $1.42 billion in only one week.

As the Sui blockchain maintains a $11.56 billion market cap alongside 3.25 billion circulating SUI tokens it shows strong potential for additional expansion in the market. The continuous growth of SUI suggests it may become a leading discusses project within the crypto domain.

$SUI BULL FLAG FORMATION

Although the Market is slightly down today, $SUI is showing resilience, and pushing up towards the higher end of the bull flag.

Flag Price Target : 5$

Trade the $SUI breakout now on #BTCC!
Sign Up and Trade to get a 10% deposit bonus and earn up to… pic.twitter.com/9ViWnoKhrm

— Bitcoinsensus (@Bitcoinsensus) May 5, 2025

Analyst Highlights SUI’s Bullish Flag Formation

Crypto analyst BitcoinSensus has identified a promising bull flag formation for $SUI, indicating potential upward movement. Despite a slightly bearish market today, $SUI has demonstrated resilience, climbing toward the higher end of its flag formation.

The analyst suggests that $SUI may be positioned for significant upward momentum, with a target price set at $5. Traders are watching the asset closely as it continues to show strength amid broader market fluctuations.

$SUI takes the stage: Strong technical & fundamental signals $SUI surged 58% in April, breaking through the $3.50 resistance and currently trading around $3.42. A golden cross formation is on the horizon: the 50-day moving average is about to cross above the 200-day,… pic.twitter.com/GMZjARsstU

— 𝖀𝖈𝖆𝖓 (@Ucan_Coin) May 5, 2025

Will Sui Hit $5?

As of the reporting time, the Sui price hovers around $3.25, reflecting a 5% drop. Despite this recent decline, the price shows potential for significant upward momentum based on technical indicators.

The MACD shows a strong positive divergence, supporting the bullish outlook. The RSI is at 58.56, indicating room for further gains without approaching overbought conditions. Key support levels to monitor include $3.00 and $2.50, with strong buying pressure expected around these zones. A break below these levels could suggest a deeper correction.

A recent bullish breakout pattern suggests the price could target resistance levels at $4.00 and $5.00. If the momentum holds, the next key resistance could be as high as $5.00, representing a potential 47% gain from the current levels.