SUI, one of the Layer-1 blockchain projects, attracted attention in the cryptocurrency market with its rise exceeding 40% in the last week. Despite the general stagnation of the markets, this rapid movement of SUI indicates that it has achieved a strong upward momentum, unlike popular altcoins.
Bottom reversal signals in SUI
Peter Brandt, an experienced name in commodity markets, evaluated the rise of SUI and stated that this movement means a medium-term bottom formation. Brandt stated that with its many years of market experience, SUI can target much higher than current levels.
These levels are an important bottom and the price can move much higher from here.
SUI peaked at $5.00 at the beginning of 2025, but then entered a period of sharp decline that lasted more than a year. Towards the end of 2025, the price fell significantly below $1 and remained in the low range for a long time. At that time, SUI, like other altcoins, had largely lost investor interest.
Latest developments and their impact on the market
Thanks to the strong weekly candle formation formed last week, SUI price managed to break the 10-day simple moving average (SMA) upwards and rose above the $0.95 level. Completing the week around $1.35 is shown as a technically important threshold. Analysts emphasize that it is critical for the bulls to hold on to this region in order to break the dominant trend.
Still, SUI is trading nearly 75% below its all-time high of $5.35 reached last year. This data is based on CoinGecko’s current price data.
Some institutional and technical developments were also effective in the rapid rise of the token. Nasdaq-listed Sui Group Holdings recently announced that the company has staked almost all of its assets, locking a total of 108.7 million SUI tokens. With this step, there was a significant decrease in the amount of SUI in circulation in the market.
Partnerships and recent events in the ecosystem
Paga, one of Africa’s major fintech players, announced a partnership with Sui blockchain for tokenized asset solutions. This step is considered to have the potential to increase the use cases of SUI.
The SUI ecosystem encountered a serious problem last year, and Cetus Protocol, the largest decentralized exchange of the blockchain, suffered a major cyber attack. As a result of this attack, approximately $223 million worth of funds were withdrawn from the platform’s liquidity pools. Following the incident, the ecosystem entered a recovery process and tried to increase user trust with new collaborations.
