- SUI is trading at $3.85 with moderate bullish indicators despite recent price corrections.
- Bitlayer’s launch of Peg-BTC (YBTC) on the Sui network enhances Bitcoin’s utility in DeFi.
- Forecasts suggest the coin could break its all-time high and reach up to $8.48 by the end of 2025.
SUI is currently trading at $3.85, with a 1.66% gain over the past 24 hours. The trading volume, however, dropped by a considerable 17.58% to reach $904.19 million. SUI dropped by 3.27% over the period of a week, indicating reluctance in the markets in light of technological volatilities.
SUI’s price, as per analysts DyorNetCrypto, has shown cyclical behavior, fluctuating between pullbacks and bullish rallies. The support level currently stands at approximately $3.5807 (MA25), while resistance at the top sits at $4.2375 (BB High). The indicators suggest a complicated setup technically: the moderately bullish trend continues to hold with an ADX of 41.77, but an oversold StochRSI (K: 6.95, D: 25.67) suggests a possible rebound.
Traders have a target of $4.00, with a suggested stop loss of $3.50 to reduce downside risk. Despite widespread conservatism, the trend is still positive, supported by firming support, as well as past buying pressure.
Bitlayer launches YBTC on Sui blockchain
Bitlayer officially rolled out Peg-BTC (YBTC) to the Sui blockchain in a notable DeFi innovation on May 15. With the inclusion of trustless BitVM Bridge, users can deposit native BTC in Bitlayer to have it denominated as an equivalent value in YBTC in the coin. This synthetic asset replicates BTC’s value in a 1:1 manner to allow access to staking, lending, and decentralized exchange functionality in Sui’s ecosystem.
Bitlayer’s documentation highlights that BitVM Bridge technology reduces intermediate risks by using proof-based mechanisms. Over 587 BTC have been added to the coin since February of 2025, which represents over 10% of the total value locked in (TVL) in the platform. With the launch of YBTC, this trend should escalate, amplifying Bitcoin’s productivity in a historically ETH-dominated DeFi ecosystem.
SUI price forecast to reach 8 dollars by 2025
SUI can surpass its historic high of $5.35 to trade in a range of $8.25 to $8.48 by December of 2025. the coin reached $5.28 high early in the year before a pullback sent it to a level lower than $3.52, a level not touched since 2021.
Bitlayer’s rollout of Peg-BTC’s capabilities to multiple chains, including Base, Arbitrum, and Starknet, portend more comprehensive BTC interoperability in DeFi. This changing tapestry can place SUI and similar chains in the center of a new BTCFi niche, making Bitcoin a central feature in decentralized finance by way of more diversified yield potential and innovations in governance.
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