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SUI Price Prediction For May 2025

Munene Timothy by Munene Timothy
May 3, 2025
in Binance Feed, Market, Market News
Reading Time: 4 mins read
SUI Price Prediction For May 2025
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  • SUI broke out of a descending wedge with strong volume, turning $2.95–$3.10 into key support for continued upside.
  • Price is consolidating near $3.45; holding above $3.00 may lead to a rally toward $5.10–$6.00 amid ETF momentum.
  • A fall below $2.88 may lead to a drop toward $2.50 or $1.5880, with weakening volume and A/D confirming bearish risk.

SUI has started May 2025 trading at $3.40, following a 46.28% increase in the past month. However, short term movement has weakened, with the token declining by 1.30% in 24 hours and 4.90% over the week. 

Market cap is at $11.42 billion, down by 1.06%, with a trading volume of $1.25 billion, a 29.96% decrease. The asset’s fully diluted valuation remains at $34.2 billion. Circulating supply holds at 3.33 billion out of a maximum 10 billion SUI. 

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Amid this volatility, 21Shares submitted a Form S-1 to the U.S. SEC for a spot SUI ETF. This follows its earlier SUI staking product launch in Europe during July 2024. Meanwhile, Canary Capital filed for a similar ETF on March 17, with the Cboe BZX Exchange requesting clearance in April.

Breakout Patterns and Current Market Behavior

SUI recently broke out of a descending wedge pattern, which historically indicates a reversal in downtrend pattern. The move is supported by strong bullish candlesticks, indicating renewed buyer momentum. 


Source: Rose on X

According to analyst Rose, the breakout zone ranges between $2.95 and $3.10. This zone has now turned into a support level, having acted as resistance previously. As long as the price remains above this zone, the upside momentum is expected to persist. 

Volume from the breakout period confirms active market activity. Volume is at 17.62 million SUI, indicating strong buying interest. In the short term, however, SUI is consolidating near immediate resistance around $3.45.

Key Levels for May Outlook

The important technical levels are $2.88 as mid Bollinger support and $2.50 as the previous breakout point. Resistance is near $4.17 and $5.10. 


Source: TradingView

The Bollinger Bands place the middle band at $2.8796, upper at $4.1711, and lower at $1.5880. SUI trades above the mid band, indicating bullish strength, yet also approaching overbought levels. 

The accumulation/distribution line reads 3.06 billion, supporting steady accumulation since early April. Daily candlesticks show wicks on both ends, suggesting indecision near $3.40 and a potential for short term consolidation. These levels may influence direction through May.

Analyst Forecasts and Price Range Possibilities

According to Rose, if price holds above $3.00, a push toward $5.10 becomes more likely. The next resistance could emerge near $5.50 to $6.00. This forecast aligns with institutional interest and sustained accumulation. 

However, if SUI breaks below $2.88, price may fall to $2.50 and test the lower band at $1.5880. Volume drop and weakening A/D line could confirm such a move. Based on current market outlook and support-resistance, SUI may trade within a $2.50 to $6.00 range throughout May.

Tags: Price AnalysisSUI

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