Key Insights
- SUI crypto surpassed $900 million in stablecoin supply, setting a new all-time high.
- SUI had a clean falling wedge breakout, currently retesting as volume picks up.
- 50% of top six performers for the last 24 hours are in the SUI ecosystem.
Sui Network (SUI) continued to thrive on many fronts for the overall ecosystem despite a price drop to around $3.15 at the time of writing.
SUI Crypto Stablecoin Supply
SUI’s stablecoin supply climbed to its highest point ever at $908.18M which represented a 181.53% growth since the start of the year.
This demonstrated swift expansion of stablecoin supply since February 2025 with substantial value movements during March and April.
With FDUSD (teal), USDC (blue), USDY (purple), BUCK (yellow), and AUSD (orange) as its primary stablecoins, USDC is in the lead by supply.
Source: DefiLlama
Increasing stablecoin supply mirrored increasing blockchain activity. This could facilitate greater market liquidity along with better trading efficiency which, in turn, support SUI price appreciation.
However, appreciation in prices relied on greater than an enlarged stablecoin universe. This way, real usage, investor morale, and market conditions in general continue to remain crucial.
New stablecoin deposits have historically produced bullish activity on other chains but capital flows could both damage and benefit the price.
Time when capital is dormant or when capital is leaving the system may restrict future potential growth of SUI.
SUI’s DeFi ecosystem could attract protocols and new users with its near $1B stablecoin base.
SUI Crypto Price Analysis
The breaking out from its falling wedge pattern produced a sharp price increase which lifted SUI from beneath $2.00 to $3.47.
The momentum-driven price breakout produced bullish confirmation due to rising volume and momentum strength.
SUI price formed a smaller falling wedge pattern between $3.10 and $3.47 which fit the criteria of a continuation pattern if the resistance line breaks.
SUI crypto at $3.44 meant it remained below the current wedge resistance.
Price may continue its upward trajectory past $4.00 with additional momentum driving it toward $4.50 in case the breakout between $3.47 and $4.00 happened and remained stable.
If the $3.20–$3.10 price range cannot be sustained SUI could decrease to $2.80 which would disprove favorable short-term market sentiment.
Both macro-level and current micro-level wedge patterns reveal market stabilization before more potential price appreciation occurs.
The SUI price could shift traders’ attention toward $3.44 which reflected their monitoring of this potential breakout level.
The price may break through $3.80 within a short time frame if bulls begin buying the dips. A drop under $3.10 coupled with a declining trading volume would hand control to bearish market forces.
The near-term direction of SUI depends on the price movements past the $3.44 to $3.47 price zone. Or its reaction if it broke below the $3.00 zone.
SUI Ecosystem Performance
Sui crypto price jumped +6.91% , DeepBook Protocol at +9.92% and Walrus with +12.71%.
The 3 comprised 50% of the leading six performers in the 24-hour rankings with their founding base within the SUI platform ecosystem.
The control of the daily leaderboard confirmed that SUI’s DeFi and token space had seen growing popularity alongside increased user interactions and digital asset movement.
Daily crypto performance | Source: CoinMarketCap
The ongoing positive momentum held the potential to elevate SUI into a premier position as a smart contract platform.
However, the achievement of peak short-term results did not ensure sustained long-duration expansion.
The ongoing narrative required adoption expansion along with sustained protocol innovations and steady volume growth for its ongoing survival.
A weakening market consensus had the potential to rapidly shift this current trend pattern. The data indicated promising developments nevertheless it exists in a speculative state.
