SUI is displaying a bullish technical setup with analysts targeting significant long-term growth. This optimism is supported by a surge in network activity, where active addresses increased more than threefold within a week, signaling strong fundamental momentum and expanding user adoption.
At the time of writing, SUI is trading at $0.8156 with a 24-hour trading volume of $643 million and a market capitalization of $3.32 billion. Following the 1.09% loss the last 24 hours, the SUI price structure and whale accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: SUI Price Stabilizes Near $0.65 as Falling Wedge Targets Breakout
SUI Price Eyes $10 as Bullish Pattern Returns
According to the crypto analyst @0xmakesense, SUI is once again drawing attention as traders spot similarities with previous explosive expansion phases.
Earlier cycles produced gains of approximately 500% and 900%, while a comparable structure appears to be developing near $0.80. If historical momentum repeats, another major rally could emerge, placing SUI among the altcoins capable of delivering outsized returns during bullish market conditions.
Source: make sense’s X Post
Currently, there is a possibility of seeing the traders having $10 on their radar as a target price for the future if the momentum continues to increase and the pattern gets completed.
Such an increase in price will require increased buying power, increased adoption within the ecosystem, increased positive sentiment in the market, and technical breakouts.
SUI Active Users Surge, Boosting Bullish Outlook
The data from Ali Charts further highlighted that SUI is seeing a significant surge in its on-chain activities amid the presence of favorable macro signs in the crypto space.
The number of active addresses spiked by more than 250%, jumping from 66,886 to 231,272 during just one week. Such a remarkable increase indicates that users have become more involved in interacting with their wallets.
Source: Ali Charts’s X Post
The increase in the number of active addresses is a positive basic indicator for SUI, as market sentiments improve.
While the fact that there is greater activity in the network does not mean that there will definitely be a price rally, its growth can create confidence among investors and the rising use of the ecosystem.
What Comes Next?
In the upcoming period, the SUI project needs to convert its growing speculative interest into practical use cases via increased user acquisition and activity within its network.
While key technical development areas will have a bearing on sentiment in the short term, liquidity and upcoming token unlocks may play decisive roles in shaping whether the current wave sustains itself.
Also Read: SUI Price Eyes $20 as Bullish Momentum Builds After Securitize Integration
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
