SUI price has been struggling to break above the $3.6 resistance level for several days now. A few weeks ago, the price broke out of a descending wedge pattern and rallied hard, jumping nearly 70% in a short period.
That breakout gave traders hope that a new leg up was beginning. But after reaching the $3.6 mark, the rally hit a wall. Since then, the SUI price has been moving lower and is now trading around $3.2.
SUI Price Chart
While the recent dip might look discouraging at first glance, this pullback could be short-lived. Many traders and analysts believe that SUI still has a lot of untapped upside and could become one of the leaders in the next altcoin rally.
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SUI Price Compared to Older Layer 1s
A crypto analyst Zach shared his view that SUI is still “massively undervalued.” According to him, SUI currently ranks just outside the top 10 by market cap, sitting around $11.5 billion. He compared that to Cardano, which holds the number 10 spot with a market cap of $23.5 billion.
Zach points out that Cardano has been around for eight years, yet many still question what real-world innovations it has delivered. On the other hand, Sui has only been around for two years and has already built out an extensive ecosystem. That difference in development pace and momentum is exactly what makes SUI stand out.
$Sui is still massively undervalued.
— zach.pumps🔥 (@zachpumpit) May 5, 2025
It currently sits at #11 in biggest coins by market cap at $11.5 billion.
#10 is Cardano which sits at $23.5 billion MC.
Cardano launched 8 years ago and it’s hard to name one notable thing that chain has done.
SUI just turned 2 years… pic.twitter.com/6jhfQ97TfX
What’s more interesting is the price potential. Zach notes that if SUI were to match Cardano’s previous all-time high market cap, the SUI price could reach as high as $28. That may sound bold, but when you factor in the growth of the Sui network and the relative youth of the project, it becomes a lot more plausible.
Why the Sui Price Still Has Room to Run
Part of the reason the SUI price may feel stagnant right now is simply timing. The broader crypto market has slowed down, and many altcoins are in a similar state of pause. But when momentum returns, SUI could be one of the biggest beneficiaries. It has the infrastructure, developer activity, and investor interest to support a strong rally.
Read Also: Missed Sui First Pump? Here’s Why SUI Price Could Rally Even Higher
Zach’s post also highlights an important psychological shift. He suggests that Sui doesn’t need to compete with older chains like Cardano in the same way. Instead, it’s carving its own path, building faster and more flexibly. That shift in perception could be a major catalyst in the next altcoin cycle, where new narratives often drive capital flow.
For now, the $3.6 resistance remains the level to watch. A clean break above it could reignite bullish sentiment and send SUI price toward the $4 mark and beyond. But even if it takes time, many believe that Sui’s long-term potential is still underappreciated in the market.
If the next altcoin season is driven by utility, innovation, and developer activity, SUI might not just participate, it could lead.
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