The SUI Prize has had a pretty disappointing performance in 2025, despite starting the year on a red-hot streak. The price of the cryptocurrency took this new year’s momentum to a new all-time high of $5.35 as early as January 4, 2025.
However, the SUI price is currently more than 53% away from this record price, which puts the altcoin’s troubles into perspective. According to a popular analyst on social media platform
SUI rises by 260% if it breaks this pattern
In a recent post on X, market expert Ali Martinez said brought forward a target of $9 for the SUI price in the coming months. The crypto analyst identified four reasons why the altcoin’s price could be heading for a new all-time high.
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First, Martinez highlighted the current technical setup of the SUI token, which trades within a symmetrical triangle within a two-day time frame. For context, the symmetrical triangle is a technical analysis pattern characterized by a diagonal descending upper trendline and an ascending lower trendline.
The asset’s price typically narrows and moves toward the top of the triangle pattern, crossing the upper trendline for a breakout or the lower trendline for a breakout. Essentially, this symmetrical triangle formation often serves as a continuation or reversal pattern depending on the direction of the price decline.
Considering that this technical pattern tends to be a continuation signal, Martinez expects SUI price to break above the upper trendline and resume its initial upward movement before entering the triangle. According to the analyst, the token could rise to $9 if there is a sustained close above this upper limit at $3.6.
At the time of writing, the SUI price is around $2.51, reflecting an increase of more than 1% in the past day. And a move to around $9 would represent an increase of more than 260% from the current price point.
On-Chain Catalysts at SUI Price
To support this bullish technical structure, Martinez also highlighted three positive developments on the chain in recent weeks. First, the crypto analyst mentioned that the total value locked on SUI (TVL) just reached a new all-time high of $2.6 billion, indicating strong capital inflows on the blockchain.
Meanwhile, the volume of decentralized exchange (DEX) activity on SUI has also increased, reaching a new record high of $20.33 billion in October. According to Martinez, this recent spike was caused by real network activity, not just stimuli.
The third on-chain development highlighted is the stablecoin market cap on SUI, which has now risen to $1.15 billion. Martinez noted that this increase in stablecoin volume underlines the network’s steady growth and strong demand. Ultimately, these positive fundamentals in the chain contribute to the bullish case of the SUI price.
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Featured image from Unsplash, chart from TradingView