Sui’s price action is drawing renewed market interest after bouncing once again from a key long-term support level, marking the third such recovery in 2025.
Trading near $3.38 at the latest check, the asset has managed to hold above this crucial zone, fueling speculation that another major rally could be on the horizon.
Market analyst Lau sees the current setup as a repeat of past breakouts, pointing to an ascending trendline that has acted as a launchpad for previous rallies — including gains of over 1,000% in one case. With the trendline holding strong once again, Lau believes a decisive move above $4.55 could pave the way for a surge toward her $7 price target.
The bullish technical backdrop is being reinforced by SUI’s higher lows and consistent respect for support, suggesting growing confidence among buyers. This pattern, according to Lau, mirrors the same structure that has previously triggered powerful bullish impulses.
Institutional adoption is adding further weight to the bullish case. Switzerland’s Sygnum Bank has recently added SUI to its suite of custody, staking, and trading services for institutional clients — a development that strengthens the token’s credibility in traditional finance circles. Meanwhile, DeFi activity on the Sui Network has surged, with stablecoin transfers surpassing $1 trillion, signaling deepening liquidity and user engagement.
However, short-term headwinds remain. Exchange data from CoinGlass shows slightly higher spot inflows than outflows, suggesting mild selling pressure, while taker sell volume continues to dominate over the past 90 days. Even so, trader sentiment skews heavily bullish, with Binance’s long-to-short ratio climbing to 2.39 and more than 70% of market participants positioned for upside.
If this momentum persists, SUI could be primed for a breakout — potentially making Lau’s $7 projection less a question of “if” and more of “when.”
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Source: https://coindoo.com/sui-price-could-hit-7-as-key-support-holds-for-third-time-in-2025/