Sui (SUI) Price Prediction: Will SUI Break Above $4.20 or Slip Below $3.50 as Bears Linger?

The Sui crypto market finds itself at a crossroads, as the SUI token trades in a narrow band between $3.70 and $3.85.

Despite recent price stabilization, investor sentiment remains split, with bullish signals emerging amid an underlying bearish structure. As of this writing, SUI is priced at approximately $3.84—up 1.38% in 24 hours—after finding strong support near the $3.75 level.

This rebound comes on the heels of a volatile week, where SUI chart patterns revealed consolidation above $3.775 and significant accumulation activity at $3.755, where volume exceeded the 24-hour average by 45%. While short-term momentum appears slightly positive, the broader technical setup raises caution.

Sui Price Analysis: A Clash of Technical Narratives

Technical indicators present a mixed picture. The Relative Strength Index (RSI) hovers at 41.47, pointing to weak bullish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in bearish territory, signaling that sellers have not completely exited the scene. The price is currently dancing near the lower Bollinger Band, typically suggesting undervaluation—but not necessarily a reversal.

SUI appears poised for a pullback as the TD Sequential indicator flashes a sell signal on the 3-day chart. Source: Ali Martinez via X

Adding complexity to the SUI market outlook is a shrinking Bollinger Band range, a classic sign of low volatility that often precedes explosive moves. However, as Tina Fatima notes in her latest analysis, “Bulls need volume and confirmation to rally.” Without those, the current squeeze could lead to further downside instead of an upward breakout.

The $4.20 Target: Breakout or Breakdown?

A widely circulated tweet predicting a surge in SUI to $4.20 has sparked intense debate across trading communities. Although the claim aligns with certain bullish chart patterns, such as an inverse head and shoulders setup, traders remain cautious.

SUI is positioned for a potential surge toward $4.20, according to bullish market expectations. Source: Crypto Analyst via X

“While the chart does suggest a potential SUI price breakout toward $4.76 or even $5.67, technical confirmation remains essential,” said a market analyst from Rose Premium Signals. The bullish pattern, visible on the daily timeframe, indicates SUI could revisit its all-time high of $5.35—last reached in January 2025—if momentum accelerates.

Yet, bearish voices aren’t silent. Popular analyst Ali flagged a completed TD Sequential nine-candle pattern on the 3-day chart, traditionally interpreted as a sell signal. “SUI looks ready to pull back,” he warned, suggesting that a short-term correction may be imminent.

Support Zones to Watch

In the near term, key SUI support levels sit around $3.50 and $3.40. A decisive break below these could prompt panic selling, dragging the SUI token toward the $3.20–$2.90 zone. Conversely, maintaining support above $3.75 and reclaiming $3.85 resistance could trigger a renewed bullish phase.

On-chain data also supports cautious optimism. SUI investor sentiment has been buoyed by recent news, including the integration of BitVM bridge and the planned launch of Peg-BTC (YBTC), which expands Bitcoin DeFi capabilities on the Sui network.

Stablecoin Surge Boosts the Sui DeFi Ecosystem

One of the more promising developments for the Layer 1 blockchain is the explosive growth of its stablecoin market. As of May 16, the stablecoin supply on Sui has surpassed $1 billion—a 218% increase over the past six months. This sharp rise in liquidity underscores deepening activity in the Sui DeFi ecosystem.

Sui (SUI) was trading at around $3.84, up 1.38% in the last 24 hours at press time. Source: Brave New Coin

Stablecoins such as USDT, USDC, FDUSD, and USDY are fueling decentralized applications and trading protocols on the Sui blockchain. “The growth in stablecoin supply suggests users are increasingly confident in the platform’s scalability and utility,” said Olivia Stephanie in a recent report.

Funding Rates Hint at Bullish Sentiment

Adding to the bullish scenario is the current trend in Coinglass funding rates, which remain positive. This indicates that traders are predominantly taking long positions, reinforcing the idea that the broader market expects higher SUI prices ahead.

While short-term fluctuations persist, most minor dips have been quickly reversed—an indication that buying demand is still active. These dynamics suggest that a SUI trend reversal or correction is still very much in play, depending on how the broader crypto market evolves.

Final Thoughts: A Fork in the Road

The SUI coin forecast remains complex, with both bullish and bearish outlooks supported by strong evidence. A move above $4.20 would validate the bullish reversal pattern and potentially open the path to $4.76 or even $5.67. However, failure to hold the $3.50 support level could invite steep downside risk.

With mixed SUI technical analysis and shifting market dynamics, investors are advised to watch key support and resistance levels closely. As trading volume and momentum indicators continue to fluctuate, the next major move—up or down—could be just around the corner.

For now, the Sui crypto market remains in a holding pattern, waiting for a clear signal to break free from its tightening range.