SUI Price Targets $5.5 With Rising DEX Volume and On-Chain Activity

SUI price is gaining momentum as analysts predict a breakout above $3.9. The analyst noted that increasing liquidity, the bullish chart patterns, and the record trading volume are fueling investor confidence. If the support is between $3.4 and $3.6, the price could increase to $5.5 in the near future.

Double Bottom Pattern Supports SUI Price Recovery

Analyst BitGuru identified a structured double-bottom formation around the $3.4 support zone, indicating a potential SUI price rebound. The setup suggests that buyers are taking control again. His chart displayed price bouncing well off the $3.4 region, showing good buying pressure.

BitGuru emphasized that $3.4 is an important level for bulls to hold. As long as SUI stays above this level, he expects a recovery towards $3.7-$3.9. However, a drop below $3.4 may be a weakness in the short-term structure. He pointed out that volume is on the rise, near support, which validates renewed confidence.

He added that the present setup is similar to previous phases of accumulation that preceded rallies. With better sentiment on-chain, BitGuru said SUI price could soon move back into the upper $3 range.

Breakout Above $3.5 Could Trigger Major Rally

Moreover, market analyst Rony Kapoor stated that SUI crypto continues to hold strongly near $ 3.50, gaining strength to break out potentially. He believed that once the price clears this resistance, it could rise towards $ 4.80-$ 5.50.

Kapoor identified a falling wedge pattern, which often precedes major bullish reversals.

He pointed out that the $3.0 – $2.6 range is still strong re-entry territory for traders. Once the breakout is confirmed, the price could move fast to the next higher levels. Kapoor said the structure is similar to the early stages of accumulation that are observed before past surges.

Massive Stablecoin Inflows into SUI

Altcoin Buzz found that there were robust inflows of stablecoins into the SUI network, indicating investor accumulation and deepening of liquidity. According to Artemis data, SUI ranked third within the 24-hour inflows of stablecoins, behind Ethereum and Solana.

Such moves are often the forerunners of sharp price rallies.

The analysts said that higher inflows bring better liquidity and stabilization of price volatility. Increasing market depth is bullish for breakout setups that are already present in SUI charts. An increasing institutional activity seems to be on the rise, further confirming bullish sentiment, they added.

Meanwhile, according to analyst Torero Romero, the new all-time high of weekly decentralized exchange (DEX) volume has seen SUI reach over $4.09 billion. He said this increase proves SUI’s market recovery is based on actual demand, not speculation.

Romero explained that increasing DEX volume is usually a sign of improving liquidity and increasing participation from investors. The increase in on-chain activity bolsters the bullish predictions of other analysts. He wrote that with an increasing amount of engagement in DEXs, price momentum could be stable through October.

Macro Catalysts Point to Extended Bullish Momentum

Interestingly, analyst GA Crypto presented a macroeconomic projection based on technical and fundamental factors. He added that SUI has retaken the 0.618 level of Fibonacci at $3.61 following breaking its wedge pattern. The next breakout range is at $3.96 – $4.40.

If bulls can maintain control above these levels, the analyst has price targets of $5.72, $6.52, and $8.63 for later stages. He pointed to the forthcoming launch of suiUSDe, a Sui-native synthetic dollar, as a major catalyst.

Developed by SUI Group Holdings and Ethena, the project has the potential to bring new liquidity to the network.

GA Crypto stated that this collaboration helps strengthen the fundamentals and long-term sentiment. If the momentum continues above $3.9, SUI price may reach $5.5 before the end of the year.