• The SUI crypto treasury announcement fueled a 15% weekly gain, with strong institutional interest and bullish sentiment from traders.
• The blockchain is emerging as a serious Layer-1 competitor to Solana, backed by a 54% two-year growth in developer activity, according to Electric Capital.

Earlier today, SUI, the native cryptocurrency of the Sui blockchain network, surged past $3 as Lion Group Holding Ltd. (LGHL) announced that it would include this cryptocurrency as part of its $600 million crypto treasury. The company unveiled its strategy last week on June 26, following which, the SUI price has surged by 15% on the weekly chart. In the last 24 hours, SUI saw a small setback, dropping by almost 5% but still in the green over the week. Yesterday, on Thursday, July 3, 2025, the cryptocurrency established firm support at $2.87 early before rallying sharply on high trading volume. Sui is increasingly seen as Solana’s primary rival in the Layer-1 blockchain space. Currently, SUI is outperforming the broader crypto market, which is up by almost 10% over the past week at the time of writing. A recent report from Electric Capital highlighted a 54% growth in developers on the Sui network over the past two years, bucking the broader trend of developer attrition across most crypto ecosystems. Crypto trader Johnny has expressed strong bullish sentiment on SUI, calling it “one of the most bullish alts” during the recent altcoin rally. He believes that if the broader altcoin market surges again, SUI is poised to be a standout performer. “$SUI looks insane… Sui about to rip hard,” Johnny stated, projecting a potential move toward the $10 mark. Source: Crypto God John SUI Investors Should Watch for Token Unlocks Over the past week and so, SUI has been dominating the momentum SUI is demonstrating solid momentum, backed by strong developer activity and growing institutional interest, including from firms like Grayscale. However, the recent unlock of $119 million SUI tokens has introduced a wave of short-term caution, as reported by CNF earlier. Notably, the SUI network is set to unlock $119 million worth of tokens on Monday, accounting for 56% of all token unlocks scheduled across various projects next week. According to Tokenomics data, the total estimated value of these upcoming unlocks stands at approximately $212 million. The SUI blockchain network is recovering from the recent hack incident of its native Cetus protocol. Following the hack, the SUI team unveiled a $10 million initiative aimed at bolstering the security of its ecosystem, as mentioned in our previous article. The team emphasized the importance of adopting a “holistic perspective” to enhance overall safety and reliability across the network. The funding will be directed toward several key areas, starting with comprehensive smart contract audits, rigorous evaluations of both existing and future contracts designed to identify vulnerabilities before malicious actors can exploit them.

SUI has recently exhibited a classic reversal pattern, forming a well-defined triple-top formation on its price chart. This technical setup often signals a potential shift from bullish to bearish momentum, as repeated attempts to break a resistance level falter. Traders and investors are now closely watching to see if this pattern will trigger a downward correction or if the bulls can regain control. SUI Weakens After Forming Triple Top Near $3.085 Crypto Sat recently stated in a post on X that SUI has just printed a classic Triple Top pattern on the 15-minute chart — and the outlook is not looking bullish at the moment.  According to Crypto Sat, the three peaks labeled Top 1, Top 2, and Top 3 are formed near the $3.085 zone, with each successive peak showing less momentum. Now, the price is breaking down below the $2.995 level, which had been acting as the neckline support for this pattern. This breakdown below the neckline support signals that the bullish effort is weakening and opens the door for potential further downside movement. Traders should watch this key level closely as it may set the tone for the next price action. Key Takeaways from Crypto Sat’s Analysis According to Crypto Sat, several key technical signals have emerged on SUI’s chart, reinforcing the bearish implications of the recently formed Triple Top pattern. Pattern Identification: Crypto Sat considers the pattern as a classic indicator of trend exhaustion, where repeated failed attempts to push higher signals weaken bullish pressure. Support Breakdown: The drop beneath the $2.995 neckline, which Crypto Sat identifies as a key support, marks a bearish turning point. Next Support Targets: Crypto Sat points to the next important support levels between $2.92 and $2.87, which could act as potential zones for price stabilization or further selling if breached. Volume Confirmation: The breakdown below support occurred alongside an uptick in volume, reinforcing Crypto Sat’s view that downside momentum is gaining strength and the bears have the upper hand for now. In line with Crypto Sat’s analysis, this technical pattern and volume-backed breakdown highlight increased downside risk ahead unless a strong bullish reversal emerges. The analyst further cautioned that if buyers fail to step in promptly, the price may soon retest the $2.85 to $2.87 support zone in the short term. While it is still early in the move, the breakdown structure is clearly in place. Traders should monitor the situation closely for signs of a potential bounce or continued selling pressure.

SUI is moving decisively on the chart, breaking through key levels with rising momentum, signaling a shift in sentiment and renewed bullish interest. With volume picking up and structure turning clean, SUI could be setting the stage for a move if this momentum holds. Immediate Targets In Sight — But Can SUI Push Further? In an X post, crypto expert and moderator, Tinkerbell, shared an update that SUI has broken decisively above the $3.00 mark, surging to $3.08 and notching a 9% gain on Thursday, July 3rd. The price action reflects a breakout on the chart, which shows strong momentum, is backed by rising volume and steady buying pressure, signaling that bulls are firmly in control. If this strength continues, Tinkerbell highlights the $3.25 as the next immediate target, followed by the $3.50 level, both levels could act as stepping stones for further upside. Another analyst, Professor, mentioned that SUI has come alive on the charts, and it’s pumping. With a sharp 11.08% gain in the past 24 hours, the token is currently trading at $3.02, marking one of the strongest day performances across the market. SUI broke through the key resistance level, a zone that had capped upside momentum for weeks. This breakout arrived quietly, with strong bullish momentum, increased volume, and a shift in sentiment that now favors the bulls. Professor also highlighted in another X post that a textbook bullish reversal for the SUI 1-hour chart. After finding strong support around $2.65, the price began forming a series of higher lows, signaling a clear shift in momentum. The structure, paired with rising volume, pointed to growing buyer confidence. This setup led to a breakout, with SUI blasting through short-term resistance at $2.90 and reaching as high as $3.04. This move established a new high, signaling the potential start of a sustained uptrend. Momentum Indicators Point To A Cautious Climb SUI shows a gradual uptrend on the daily chart, currently trading at $3.02. Cleanwater, a crypto analyst, pointed out that after touching lows near $2.50 in late June, the price has steadily climbed, forming a series of higher lows and attempting to establish a recovery pattern. The Relative Strength Index (RSI) sits at 52.94, suggesting neutral momentum, placing SUI in the middle of the momentum range between overbought and oversold. Meanwhile, the MACD shows bullish divergence, indicating possible strength building on the surface that is not yet at the breakout levels. SUI key resistance is around $3.50, which will be a crucial level to clear if bulls want to sustain upward momentum. On the downside, $2,80 is a support zone that needs to hold for this recovery structure to remain intact. Market expert Trade4ddict also noted that SUI has confirmed an ascending triangle breakout on the 4-hour chart, showing a continuation of bullish momentum. After a brief retest, price action has turned green with trend bars painting a promising picture for the days ahead. The analyst stated that the chart looks very bullish, and he has entered a long position targeting the $3.74 level, which aligns with previous highs and offers a clean objective if this bullish wave continues.

After recovering from the recent pullbacks, SUI is attempting to reclaim a crucial resistance, which could trigger a breakout from its bullish formation. Some analysts believe that the cryptocurrency’s imminent rally could target significantly higher levels. SUI Eyes Key Area Reclaim On Thursday, SUI has surged more than 10% from its $2.70 support toward the crucial $3.00 barrier. The cryptocurrency has been attempting to reclaim this area throughout Thursday, hovering between the $2.95 and $3.08 levels. Notably, the altcoin ended its multi-month downtrend after breaking above its descending resistance at the end of March, fueling its rally toward the $4.29 high in May. Since the Q2 breakout, SUI has been trading within the $2.33-$4.10 range. Nonetheless, the June pullbacks, driven by the global geopolitical tensions, sent the token below the $3.00 mid-range support to its local low of $2.22 nearly two weeks ago, before reclaiming the $2.80-$2.90 area. Amid the start-of-month retracement, the altcoin briefly lost its local range, but the Wednesday pump reignited bullish sentiment and potentially set the stage for a rally continuation. Analyst Alex Clay noted that SUI is currently testing the confluence of the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) resistances alongside its bullish flag resistance. According to the chart, the cryptocurrency has been trading within a bullish flag formation since May, and lost the technical indicators throughout the June pullbacks. Now, the indicators and the patterns’ upper boundary sit as resistance around the $3.00-$3.10 area. If the altcoin reclaims these key levels, the analyst considers that a rally to the $5.00 resistance would be “an easy trade.” Is A Breakout To $10 Nearby? Analyst Marcus pointed out that SUI “just snapped back from the 0.786 Fib zone sharp, clean and confident.” He added that the cryptocurrency’s structure held despite the correction, which confirmed a “healthy pullback, not a breakdown.” To the analyst, the current bounce could be the higher low that sets the stage for SUI’s next major move, as “all signs point to a setup that’s not done yet.” Meanwhile, market Watcher Crypto Yhodda affirmed that SUI is “in a big accumulation right now,” pointing to an eight-month triangle formation. According to the analyst, a breakout from this pattern “can help it reach the dream target of $10.” Similarly, Kaleo highlighted SUI’s bounce on its trading pairs against Bitcoin (BTC) and USD. He explained that there are many similarities between the base the altcoin is currently building and the base from the April lows that propelled the token to its local high. The cryptocurrency bounced off the High timeframe (HTF) ascending support line on both occasions, suggesting a massive rally could be ahead. To the analyst, the $10 target is “a magnet.” Crypto Batman also highlighted this ascending support, noting that the recent pullback marks the third time the cryptocurrency has bounced from it since August. Following the previous two retests, the token rallied for weeks toward higher levels, signaling that a breakout could be nearby. Additionally, he considers that SUI displays a “solid-looking setup,” as it is trading above the key $2.30-$2.40 area that has served as resistance and support on the weekly chart. As of this writing, SUI trades at $3.09, a 15% increase in the weekly timeframe.