SUI is showing signs of strength as it maintains key support levels while on-chain activity surges. Market analysts point to a bullish setup forming, with the coin holding above the 200-day moving average (MA200).
An increase in active wallets, as evidenced by recent data, supports the confidence regarding SUI’s possible recovery. Traders continue to concentrate on the potential for a breakout past significant resistance despite the short-term turmoil. SUI may be preparing for another rally if the momentum continues.
Kamil, a crypto analyst, noted a sharp rise in active wallets on the Sui Network, now exceeding 1.2 million. This surge suggests increased user engagement, often seen as a precursor to price movements. With network growth accelerating, many traders anticipate a sustained bullish trend.
Is $SUI getting ready for a big run?
— Kamil (@KamilShaheen19) February 25, 2025
Active wallets just hit 1.2M, and @SuiNetwork is expanding fast.
Dips won’t last forever—something big could be coming. pic.twitter.com/0UfgTKAGvz
CryptoBullet, another trader, highlighted SUI’s ability to maintain its higher low structure while holding the MA200. He pointed out that dips may be short-lived as the coin consolidates between $2.5 and $3.5. If this range holds, a breakout could follow, pushing prices higher.
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SUI’s Technical Analysis Confirms Bullish Structure
CryptoBullet shared an analysis of SUI’s daily chart, revealing a higher low formation. This pattern indicates growing buying interest at progressively higher price levels.
At the time of his post, SUI was trading at $2.9151. The price has since climbed to $3.01, reflecting an 11.45% increase in the last day. However, it remains 3.85% lower over the past week.
Key support remains near the February 3 low, aligning closely with the MA200. Holding this level strengthens the bullish outlook. On the resistance side, SUI faces a barrier around $3.50. A decisive move above this threshold could open the path to $4.00–$4.70.
SUI’s technical indicators align with the consolidation scenario. The MA200 continues to slope upward, reinforcing long-term momentum. Bollinger Bands show that the lower band acted as support during recent dips, hinting at a possible recovery.
$SUI also looks great on the daily
— CryptoBullet (@CryptoBullet1) February 25, 2025
Partially filled the Feb 3 wick, printed a Higher Low and more importantly held the 200-Day MA!
A little more consolidation between $2.5-3.5 and then full send again 🚀 pic.twitter.com/GDlSF6NcPf
Meanwhile, the Parabolic SAR still signals a short-term bearish trend, though a flip to bullish could occur if prices rise further.
With a higher low forming near $2.63–$2.65, the market structure remains intact. Before a possible breakout, accumulation is suggested by the current consolidation around $2.5 to $3.5. Bullish momentum would be confirmed by a move above $3.50, while more declines could result if a collapse below $2.50.
Read also: Can XDC Network Price Still Reach $3 in 2025?
Market Sentiment and SUI Price Outlook
As a result of increased buying activity, SUI’s daily trading volume has increased to $1.74 billion. SUI may experience more growth if Bitcoin and the market as a whole stay steady.
A rally toward $4.00 and higher could be triggered by a breakout above $3.50. A retest of support at $2.20, however, might occur if $2.50 is not held.
A bullish setup is suggested by SUI’s ability to hold onto important technical levels and growing network activity. Traders are watching for confirmation of an upward move, with $3.50 as the next major test. If momentum continues, SUI could see another rally.
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