Can SUI Price Beat Its All-Time High?

SUI's price surged from $2.09 to $3.70, driven by strong bullish momentum. Indicators like the Bull Bear Power (BBP) and Elder Force Index (EFI) suggest the price could surpass $4 soon. This recovery follows a rough start to the year, with SUI hitting a new all-time high of $5.35 in January but dropping to $1.86 by April 6.

Currently SUI Price trading at $3.44 as per Coinpedia Market data.

For a more detailed SUI Price Prediction 2030, check out our full analysis!

SUI’s Remarkable Comeback

SUI's rebound has been impressive. After hitting $1.86, the token bounced back nearly 100%, now trading at $3.70, just 30% shy of its previous high. The question remains: Can SUI break past its all-time high, or is this rally short-lived?

Bullish Sentiment and Indicators

SUI’s price broke above a descending channel, signaling a shift in momentum. The BBP reading rose to 1.71, indicating buyer dominance. Additionally, the EFI indicator spiked to 10.61 million, reflecting rising volume and price movement. These indicators suggest SUI may continue its upward trajectory.

Total Value Locked (TVL) and Market Growth

SUI’s TVL rose 38%, reaching $1.73 billion, showing increased capital in SUI protocols. DEX volume surged 177% to $600 million, signaling greater market interest.

Positive Outlook for SUI

If these trends continue, SUI could surpass $4 in the short term. Crypto analyst Nic Puckrin believes SUI’s momentum could signal the start of an altcoin season, debunking the "altseason dead" narrative.

With rising TVL, increasing DEX volume, and strong bullish indicators, SUI is poised for continued growth. A price above $4 is achievable soon.