As a result, SUI’s price has exploded by 23% in a single day, reaching $3.67 on April 25. In the last week, it’s gone up a stunning 73%. This explosion of interest sends SUI skyrocketing to rank No. 1 among the top 100 cryptocurrencies by market cap. It eclipses the combined growth of BNB Chain and Solana. Investor confidence is increasing as evidenced by the recent launch of the Grayscale SUI Trust. This passion is further fueled by meaningful partnerships that have been developed.

Technical Indicators and Market Performance

With the move higher SUI’s bullish trend received a strong catalyst after breaking out from a falling wedge pattern. It rocketed past its technical target of $3.30 after breaking above a multi-month resistance trendline at $2.20. The cryptocurrency’s rise has outpaced that of all other large contingents. BNB Chain was up 68%, with Solana’s gain during the same time just slightly trailing at 67%. SUI’s TVL (Total Value Locked) and daily DEX (Decentralized Exchange) volumes are still staggering, showcasing its solid market presence.

Grayscale Trust and Institutional Interest

The launch of the Grayscale SUI Trust on April 23 has been a major factor behind SUI’s recent gains. That institutional trust creates an on-ramp for institutional investors to gain exposure to SUI, ramping up demand and driving up its price.

"Grayscale just launched a trust, social chatter is exploding, and it’s [SUI] now sitting above AVAX and LINK in market cap." - Kyledoops

This institutional interest is further validated by SUI's strategic partnership with xPortal and xMoney to issue a virtual Mastercard across Europe, enhancing its utility and appeal.

Price Predictions and Future Outlook

Pseudonymous analyst Bitcoinsensus has one of the most daring forecasts around. He has a massive $11.50 price target for SUIs, based on Elliott Wave analysis of the weekly chart. Bulls are now looking to take out the all-time high of $5.35 posted on Jan 6. To continue its upward trajectory, SUI must break above this resistance area between $4.50 and $5.10.

"This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating." - Kyledoops