Highlights
- Continued growth in active addresses could drive demand for SUI tokens, pushing prices higher.
- The analyst highlights that the SUI price is consolidating within a triangle pattern.
- A drop below key support levels could increase correction risks in SUI price.
SUI price has a history of amazing price action on the daily charts; it rose firmly to an ATH of $5.37 until it fell to the bear claws.
Since the starting month of 2025, neither the general market sentiment was optimum nor did the SUI price market have the ferocious momentum that it last saw in November 2024.
However, things are changing towards the bullish side once again with growing active addresses, and analysts like Ali Martinez predicting a rise. Keep reading to know more about the SUI price.
SUI Price to Repeat its 2024 Momentum in 2025?
SUI crypto is one such strong project that has successfully captivated the interest of giant firms like Graysacle, VanEck, Blackrock, and many venture capitalists.
Its price trajectory has been a standout example of strong price action that reflects its fundamental strength, since the beginning of 2024.
In Q2 2024, it first reached the $2 mark before experiencing a decline within a falling wedge pattern. This setup later led to a breakout in Q3 2024, allowing SUI crypto to retest the crucial $2 level, again.
The $2 mark emerged as a pivotal point on the chart, transforming from a resistance level to a support block that fueled a significant rally in Q4 2024, coinciding with Donald Trump’s resurgence in the market. This support level propelled the SUI price to an impressive high of $5.37.
From its low of $0.46 in 2024 to the high of $5.37 in 2025, SUI has achieved over 1000% gains, establishing a higher high structure and following an ascending wedge.
However, in Q1 2025, while many experts anticipated further gains, SUI price faced a sharp sell-off that mirrored the broader sentiment in the global crypto market.
The momentum seen in November 2024 faded, and January’s performance fell short, with February proving even more challenging as Trump’s trade tariff threats weighed heavily on the market. This even caused the SUI price to touch its $2 support level once again.
Fortunately, the situation has improved since then, and many daily sessions have passed. SUI has recovered from its February dip and is currently trading at $3.24.
Analysts are now discussing the potential for a recovery toward the $5 resistance level, sparking renewed interest among investors.
Analyst Notices Triangle Pattern in SUI Price, is He Bullish?
SUI Network is currently consolidating within a converging triangle pattern, hinting at the potential for significant price movement. The price is now hovering near the upper trendline of this formation.
If SUI crypto manages to break above the resistance trendline, it could trigger a bullish rally. Given the height of the pattern, such a breakout could lead to a price increase of up to 35%, potentially pushing the SUI price to around $4.61.
On the flip side, if the SUI price breaks below the support trendline, a bearish downturn may ensue.
A 35% decline from the breakout point could see prices drop to approximately $2.22, particularly if negative market sentiment or adverse network events come into play.
Should SUI crypto encounter rejection at the current resistance level, it might continue to consolidate within the triangle.
Whilch will be postponing any significant price movement until a clearer market direction emerges.
If the price rebounds from the support line without breaking through, it could signal strong buyer interest at these lower levels, potentially setting the stage for a gradual recovery or sideways movement.
This makes the SUI price’s current oscillation range a key focus for traders, who are closely monitoring for breakout or breakdown signals as indicators of future price trends.
Continued Growth in Active Addresses Could Drive Demand in SUI Price
Furthermore, the recent uptick in daily active addresses on the SUI Network has resulted in new all-time highs. This signaled increased user engagement and potential growth for the network.
Active addresses rose from around 800,000 in early to mid-December, correlating with a price of approximately $3.20, to nearly 1,200,000 by mid-January 2025. The peak occurred when active addresses soared past 1.2 million.
Similarly, this surge in active addresses reflects a strong adoption rate and heightened user activity, which are typically positive indicators for network health and token valuation.
The concurrent rise in price alongside the increase in active addresses suggests that greater network utilization is positively impacting market valuation.
If the growth in active addresses continues, it could further drive demand for SUI crypto tokens, potentially pushing the price to test or even surpass recent highs.
However, if this surge in addresses is not backed by sustained usage or if there is a sharp decline in active addresses, it could signal a bubble-like expansion, raising the risk of a correction.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.