An analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory. Technical analysis and fundamental developments also suggest that Sui may be positioned for substantial growth in the coming months.
According to CryptoELITES, the current SUI price is sitting in what they describe as a “prime buying zone,” with expectations of an imminent upward movement. Their technical analysis of the SUI/USDT chart reveals a long-term cup and handle pattern that projects a mid-term target of approximately $40.
The chart structure shows the cup formation spanning from mid-2023 to early 2025, with the price bottoming out before curving upward. Currently, the handle is forming—a typical development before a potential breakout. With SUI trading around $2.17, right at the key support zone of $2.10-$2.20, this area has transformed from previous resistance to newly established support, confirming a bullish retest.
This technical setup suggests that if the handle completes and the breakout occurs, the measured move based on the cup’s depth could realistically target the $35-$45 range. The specific $41 target would represent nearly a 20x return from current prices—an optimistic but technically feasible move if broader market conditions align favorably.
What you'll learn 👉
Why Analysts Are Increasingly Bullish on Sui (SUI)
Frigg shared an extensive analysis of why they believe SUI has significant growth potential. After thorough research, they discovered that Sui Network is developing something “way more serious than people realize,” prompting their bullish stance on the project.
Unlike many blockchains that simply claim to be “scalable” and offer “high throughput,” Sui has implemented a fundamentally different model. Their approach doesn’t force every transaction through global consensus.
Instead, simple, single-owner transactions are confirmed instantly, while only complex, shared-state transactions go through a DAG-based consensus mechanism (Narwhal + Bullshark). This design enables Sui to be fast, final, and capable of scaling without compromising performance.
1/
— Frigg 🌸 (@0xfrigg) April 15, 2025
I’ll be honest, I used to think I already understood what @SuiNetwork was doing!
But once I actually dug into it, I realized they’re building something way more serious than people realize.
Here’s why I’m personally bullish on $Sui and why I think most are still sleeping on… pic.twitter.com/QM5rtr6b4j
The results are already evident in real-world usage. Frigg points out that on March 31st, Sui reached 2.47 million daily active addresses, making it the third most active blockchain in the entire cryptocurrency space—surpassing established networks like Tron and Polygon. This indicates that the network is growing not just in Total Value Locked (TVL) or speculative interest, but in actual daily users.
In the DeFi sector, which many consider still in early development on Sui, the network has already achieved the sixth position in total DEX volume. Projects such as Cetus, Aftermath, Scallop, and Deepbook are gaining serious traction, despite limited attention from users outside the ecosystem.
Frigg also highlights Sui’s recent partnership with Ledger, which significantly enhances accessibility and security for mainstream adoption. This integration makes the Sui ecosystem more approachable for retail users who prioritize security through hardware wallets.
Another exciting development is SuiPlay, a handheld Web3 gaming device that has already sold over 9,000 units and is scheduled to ship this summer. If it delivers the smooth user experience promised for on-chain gaming, it could revolutionize adoption. As Frigg notes, hardware distribution is an area that no other Layer 1 blockchain is currently addressing.
Perhaps most surprisingly, Canary has filed for a SUI ETF with the CBOE. If approved, this would expose Sui to traditional finance flows—the kind of development that might not cause immediate price movement but could fundamentally transform the project’s trajectory over the long term.
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The Future Outlook for SUI Price and Network Growth
As Frigg summarizes, Sui isn’t merely another Layer 1 with a whitepaper—it has the speed, infrastructure, user base, major partnerships, hardware initiatives, zk privacy features, a developing DeFi stack, and potentially ETF exposure.
The project is transitioning from “promising” to “inevitable,” with Frigg positioning their investments accordingly. They emphasize an important lesson from previous market cycles: while narratives come and go, actual traction ultimately prevails. Sui is quietly building real usage while many are still trying to understand the fundamentals of the Move programming language that powers it.
CryptoELITES’ technical analysis complements this fundamental outlook, suggesting that investors might consider the current price levels as a strategic entry point before a potential breakout. However, it’s worth noting that the projected move to $41 would require substantial trading volume and strong market-wide bullish sentiment to materialize.
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