Crypto trader Crypto King has predicted that Sui (SUI) “could break its all-time high” and climb toward $8. At today’s price of $3.55, such a move would mean gains of more than 120%. Sui last peaked at $5.35 in January 2025. Surpassing that level would put the network into price discovery for the first time.
Sui’s network shows signs of growth. According to SuiScan, the market cap is about $13 billion, with 3.56 billion tokens in circulation. More than 7.5 billion SUI are staked, worth $27.6 billion, which reduces liquid supply and limits selling pressure.
The blockchain has processed over 4.1 billion blocks, with nearly 4 million added in the past 24 hours, showing steady demand.
In decentralized finance, Total Value Locked (TVL) on Sui has risen above $2.3 billion, according to DeFiLlama. TVL measures the total value of tokens locked in smart contracts and is a proxy for ecosystem activity. By comparison, Solana’s TVL is over $12 billion, while Aptos holds around $760 million. This places Sui between top-tier networks and smaller competitors.
A potential catalyst is the pending 21Shares SUI spot ETF, under review by the U.S. Securities and Exchange Commission (SEC). The decision deadline has been pushed to December 21, 2025. Mysten Labs, Sui’s core developer, has met with regulators to explain the blockchain’s role in DeFi and data storage. Approval would allow institutions to gain regulated exposure to SUI, but delays or rejection remain possible.
SUI now trades below resistance at $3.70-$4.00, a zone that has blocked rallies several times since August. Resistance refers to a price level where selling pressure often outweighs buying, making it harder for price to move higher. Clearing this zone would be the first signal of bullish momentum.
On the downside, support lies between $3.30 and $3.45, reinforced by the 50-day and 200-day moving averages. Support is a level where buying pressure usually outweighs selling, preventing price from falling further. Moving averages smooth out price data and often act as dynamic support or resistance. A break below $3.30 could pull SUI down toward $3.10, the next support.
The Relative Strength Index (RSI), which measures momentum on a scale from 0 to 100, currently stands near 51. Readings above 70 are considered overbought, meaning a token may be due for a pullback. Readings below 30 are oversold and may suggest room for a rebound. At 51, token is in the neutral zone, showing neither strong buying pressure nor heavy selling. This means the next move will depend on catalysts like ETF news or on-chain growth.
If bulls push SUI price above $4.00, the next target is the $5.35 all-time high. Breaking that would open the door to $6.00-$6.50. Only after clearing these levels could the $8 target be considered realistic.
