- SUI trades at a higher low around $2.90, indicating a possible trend upwards.
- SUI tops Solana on the volume of monthly stablecoin transfers.
- Technicals and increased usage within the ecosystem could cause the coin’s price to break out above $3.20.
SUI has presented precursors for a potential uptrend, since it formed a higher low and could surge up to the level of $3.00. The daily chart from TradingView showed that the price was trading above $2.90, and buying pressure was rising.
Source: TradingView
Also Read | SUI Eyes Massive Rally; Bullish Wave Structure Targets $11.50 Breakout
RSI broke over the 50 mark, which indicates that the momentum became better and that there could be a bullish extension. Also, the MACD indicator signaled a bullish crossover, indicating that a bullish trend is possible when the volume is high.
SUI Strengthens as a $3.20 Resistance Nears
As the recent price movement demonstrates, SUI is trying to go past the resistance of $3.20, which the asset could not surpass previously. The fact that a higher low was formed above $2.60 makes the bulls confident.
The level of trading volume has been stable, and small-bodied candles indicate that possibly accumulations are happening in a very quiet manner. Should the price move above $3.20 with great conviction, however, traders can expect that a rally above $3.50 or better will occur.
SUI Edges Past Solana in Stablecoin Transfers This Month
As an addition to the already existing optimism, a milestone has just been reached by SUI, crypto analyst ToreroRomero, on social media. The data showed that SUI overcame Solana in terms of transferred stablecoin volume in the last month.
Source: X
Starting from June 6 to 7, 2025, the volume of stablecoin transfers on this network was more than $144 billion. This volume was higher than Solana’s, which had $135 billion. Polygon, Aptos, and Avalanche were other networks with massive volumes, but at lower levels compared to SUI and Solana. The rise in utility indicates an increased level of trust and use within this ecosystem.
This massive rise in the stablecoin transfer volume on this network has attracted the interest of both the blockchain community and external investors. On the other hand, the network’s continued use over the long term would justify the constant rise in the token’s price, such as when developers keep building on the network.
The positive sentiment in the community is getting a lot better as the token’s price continues to record consistent gains and the on-chain strength rises. Should the altcoin eventually break out, it could lead to a new round of buying demand.
Also Read | SUI Price Eyes Bullish Breakout With Target Set At $5.30
