Sui ($SUI) Eyes $5 Target as Price Breaks Out and Volume Soars Over 128%

$SUI has captured market attention after a sharp 9.12% price jump, alongside a significant 128.51% increase in trading volume. The bullish momentum is largely attributed to institutional interest, the debut of Bluefin’s HFT integration, and a recent show of support from Grayscale—driving analysts to forecast a potential move toward the $5 mark.

Sui Network: A Rising Star in the Layer-1 Space

In 2025, the Sui blockchain is establishing itself as a serious contender in the Layer-1 ecosystem. With notable growth in token price, network activity, and institutional backing, it’s clear that Sui is emerging as a top-tier platform.

In the past day alone, $SUI climbed to $3.22, representing a 9.12% surge in value. The jump was backed by a 128.51% spike in trading volume, signaling renewed investor enthusiasm.

Institutional Momentum & Technical Innovations Drive Growth

Sui’s core strength lies in its architecture. Unlike most blockchains, it uses an object-centric model that enhances data efficiency and transaction speed. With parallel execution capabilities, Sui supports high-throughput dApps in DeFi, gaming, and NFTs.

Sui smart contracts are developed in Move, a secure and modular language that enhances contract performance and scalability.

Sui’s ecosystem is expanding rapidly. As per DefiLlama, the total value locked (TVL) on the chain has surged from $25 million at launch to over $1.9 billion, placing it among the top non-EVM chains.

As of November 28, 2024, active wallet addresses exceeded 31.2 million, underlining user confidence and adoption.

Token Supply & Unlock Schedule

Currently, 3.45 billion $SUI tokens are in circulation, with a total market cap of around $11.13 billion.

On July 1, 2025, Sui released 44 million tokens (1.3% of circulating supply), worth approximately $122.3 million.

The next unlock is scheduled for August 3, 2025, with 49.5 million tokens (0.5% of total supply) set to be released—valued at an estimated $161.5 million.

Bluefin’s Institutional HFT Launch Boosts Market Sentiment

Decentralized exchange Bluefin has officially launched high-frequency trading (HFT) functionality on the Sui Network through its v2 platform. Tailored for institutional investors, this feature allows for rapid, algorithmic trading in a decentralized environment. Since its launch in 2023, Bluefin has seen trading volumes exceeding $43 billion.

Grayscale’s recent endorsement of Sui adds to the momentum, noting its potential to serve as the foundational layer for the next wave of decentralized applications.

$SUI Technical Analysis: Bullish Pattern Signals More Upside

The 4-hour chart of the $SUI/$USDT pair displays a rounded base pattern—a bullish reversal structure. Formed from June 22 to July 9, this pattern was confirmed when the price broke above the key $2.80 resistance on July 9.

This breakout was validated by a sharp increase in trading volume, reinforcing bullish conviction. After surpassing previous highs, the token briefly hit $3.23, establishing a new local top.

Indicators back the trend: the MACD and signal lines remain above the zero level, with a widening histogram indicating continued strength.

Footprint charts show strong buying behavior, particularly on July 10, with a +2.92M delta and a total volume of 45.98M—over 24.45M of which came from buyers. While a slight -828.19K delta appeared later (likely due to short-term profit booking), the overall momentum remains bullish.

What’s Next for $SUI?

Currently, $SUI is holding above the breakout area, suggesting any dip could be a short-term correction. The next resistance is expected between $3.40 and $3.50, while $2.80 now acts as key support.

With a technically strong breakout, rising volume, and growing institutional support, a continued rally toward the $5 level seems increasingly plausible—if the token maintains above $3.25 in the coming sessions.