Key Takeaways
Why are traders anticipating a breakout?
SUI’s DEX Volume surged to $1.4 billion and TVL crossed $4.3 billion — both signal renewed network activity.
What price levels matter most now?
Clearing $4.10–$5.30 could confirm a breakout, with a measured target near $7 based on Fibonacci projections.
Sui Network [SUI] slipped 1% and was trading near $3.59 at press time, but traders didn’t seem bothered.
On-chain activity and trading volumes hinted that this might be more than a routine dip — it could be the calm before a breakout.
AMBCrypto examined further to assess whether SUI’s next big move could validate bullish calls pointing toward the $7 zone.
SUI eyes a new peak
On the daily charts, SUI appeared to be on the verge of a breakout from a massive accumulation pattern that has been in place since February. This came after hitting its peak of $5.30 early in the year.
According to Ali Martinez’s analysis on X (formerly Twitter), the breakout could take the altcoin to the $7 target.
The analyst noted that the ascending trendline support was a great zone to accumulate. This was potentially due to its alignment with the 0.68 Fibonacci Retracement level, a classical reversal zone during healthy trends.
Source: Ali Charts/X
However, the $4.10 resistance had been holding back this potential surge. The level rejected price appreciation on three instances, indicating bear defense.
The previous peak was also another stumbling block for SUI to hit $7. From the prediction charts, the target could be hit in the year 2026.
Worth noting was the looming breakout as compression became more evident with price nearing the apex of the triangle.
Failure to breach the $4.10 and $5.30 levels, SUI could continue consolidating in the marked-up range.
Volume and on-chain strength align
With that in mind, on-chain metrics were also aligning with Ali’s prediction.
SUI hit a new high in daily DEX volume of about $1.43 billion at press time, as per DefiLlama data. Moreover, the 24-hour perps volume stood at $160 million.
Source: DeFiLlama
Additionally, the Total Value Locked (TVL) peaked at $2.60 billion, almost similar to that of bridged assets at $2.66 billion. The increase represented about 3.3% in a day.
Including staking, the network’s aggregate TVL exceeded $4.33 billion.
Stablecoin and liquidity dominance
That was not the end.
SUI also surpassed Toncoin [TON], Mantle [MNT], and Optimism [OP] in stablecoin market cap, reaching $921 million as of writing.
Source: Torero Romero/X
SUI beat the second-placed TON by more than $100 million. The total swap volume also hit a major milestone of $16.25 billion.
On-chain and technical data indicated strong market conviction. If SUI clears the $4.10–$5.30 range, the $7 Fibonacci extension remains a realistic mid-term target.
Still, traders may exercise caution — consolidation could persist if resistance holds.
