After a long downtrend that started in May, the SUI price finally broke out of a descending channel and exploded upward, posting strong gains in a short time. But after hitting a new local high, the momentum seems to be cooling. So what comes next?
According to the chart, SUI was stuck in a falling channel for weeks, consistently making lower highs and lower lows. That changed recently when the SUI price broke out of the channel and pushed sharply upward, gaining around 18% after the breakout. It surged as high as $3.57 before starting to pull back.
At the time of writing, the SUI price is around $3.35 and showing signs of a short-term correction. The quick rally has lost steam, and traders are now watching to see where it might find support. If the price falls further, $3.0 could be a key level to watch. That area aligns with the previous breakout zone, which could now act as a support level.
Is the Pullback Just Temporary?
Sui Intern, a popular crypto analyst and parody account on X, recently posted that SUI has outperformed major chains like Ethereum, Solana, Cardano, and Tron in terms of speed, cost, and scalability. The tweet reads:
“JUST IN: SUI FLIPS $ETH, $SOL, $ADA and $TRX as the Fastest, Cheapest, and Most Scalable Smart Contract Chain in the Top 5! @SuiNetwork leads with: 120,000 TPS (max), $0.009 per txn, 2 sec finality. Efficiency isn’t optional. Sui makes it default.”
This kind of narrative is fueling strong sentiment around the project, especially as developers and investors look for scalable networks that can support mass adoption. If the broader market remains bullish, and Bitcoin keeps pushing higher, it’s possible that the SUI price could bounce quickly after this current dip.
JUST IN:
— Sui Intern (@suintern_) July 11, 2025
SUI FLIPS $ETH, $SOL, $ADA and $TRX as the Fastest, Cheapest, and Most Scalable Smart Contract Chain in the Top 5!@SuiNetwork leads with:
– 120,000 TPS (max) — highest theoretical throughput
– $0.009 per txn — lowest cost
– 2 sec finality — fastest confirmation… pic.twitter.com/2VpA5EE9ph
What to Watch Next for SUI Price
While the price is cooling down after the rally, this could just be a healthy correction. Many tokens often pull back after a strong move before resuming their trend. If buyers step in around the $3.0 level and Bitcoin maintains its bullish momentum, the SUI price could make another attempt at breaking above $3.57.
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But if that support fails to hold, SUI could dip deeper, possibly revisiting areas below $3.0. That would not invalidate the overall breakout, but it could delay any move toward higher highs. Right now, the focus will be on whether the bulls can defend this new zone and flip it into a launchpad for the next leg up.
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