SUI Token has emerged as one of the strongest-performing major cryptocurrencies in the past 24 hours. The SUI price today experienced a significant jump, rising from $1.35 to approximately $1.55, marking a gain of about 15–20%.
Beyond a few select meme tokens, SUI recorded the highest daily gain among large-cap assets. This rally is attributed to a series of ecosystem updates, an improvement in market sentiment, and increased accessibility for users in the United States.
Why SUI Price is Surging
Several key factors within the Sui ecosystem and its market activity are contributing to the current surge in SUI's price:
USDsui Stablecoin Launch
Sui has introduced USDsui, a fiat-backed stablecoin designed for real-world payment applications. This stablecoin supports yield-sharing, operates seamlessly across Sui wallets, applications, and DeFi protocols, and is compatible with other bridge-backed stablecoins. The launch of USDsui has bolstered confidence in the Sui ecosystem and signifies its long-term growth potential.
Coinbase Expansion
Trading of SUI is now available to residents of New York on Coinbase, which significantly enhances its accessibility within a major regulated market. This expansion is expected to drive increased buying demand and liquidity for the token.
Major Token Unlock
SUI recently underwent a substantial token unlock valued at $86.86 million, releasing 55.54 million tokens on November 30. Despite the increased supply, the price has continued to climb, indicating strong market interest and effective absorption of the newly released tokens.
SUI Price Prediction
Analysts observe that SUI's upward momentum is closely correlated with the movements of Bitcoin. The next critical price level to watch is $1.80; if SUI can break through this zone and establish it as support, it could pave the way for further gains towards the $2.00–$2.30 range.
The current resistance zone for SUI remains between $1.67 and $2.21. SUI has now reached the $1.67 mark, which is a significant level for confirming the strength of its recent bounce. While a move towards the next key level near $1.95 is still possible, it appears somewhat distant at this moment.
On the downside, immediate support is identified at $1.58, followed by a crucial demand region known as the green box band. A decline below $1.48 would serve as the first clear indication that SUI may have formed a local top and that a downward trend could be initiating.
According to crypto analyst TED, liquidity data also reveals substantial upward liquidity clusters. Furthermore, long liquidations around the $1.40–$1.50 range may still need to be cleared before the next upward movement can occur.
Historically, December has often been a bullish month for risk assets, and Bitcoin frequently experiences a rally following Thanksgiving. These factors could provide additional tailwinds supporting SUI's upside potential.
FAQs
SUI is climbing due to new ecosystem updates, a stablecoin launch, rising demand on major exchanges, and stronger overall market sentiment.
Despite more supply entering the market, strong buying demand absorbed the unlock, signaling healthy interest and supporting higher prices.
Seasonal trends and stronger crypto sentiment often support December gains, but SUI’s move still depends on market momentum and BTC strength.
Yes, the SUI blockchain is one of the most prominent projects and is projected to gain significant value in the coming time.