SUI Token Holds Strong Above $2.70 As Volume Surges and Bulls Eye $4.50

SUI’s price is currently above crucial $2.70 support which indicates that bulls are in place and the market is steady.

A 25.82% increase in 24-hour trading volume signals growing trader interest and potential short-term price volatility.

The next resistance is above $4.50 and if it holds, it could result in a further climb toward the early 2025 peaks around $6.00.

SUI, the native token of the Sui blockchain, continued to exhibit strength in its recent market activity, trading higher than a key support level of $2.70. The token is now trading at $3.70 as of May 28, 2025, which is a 1.65% gain in the past 24 hours.

Source: CoinMarketCap

Noticing changes in the market due to new liquidity and technical elements, traders are watching how Sui will continue to perform after previously passing its support.

Technical Outlook Suggests Consolidation Above Support

On TradingView, the SUI/USD trading chart shows that the price returned to the $2.70 region which was previously a significant resistance point. Once they touched that level, their sharp rise showed that buyers were active there

This support holds significance, as it historically marked a reversal zone during the late 2024 price action. The recent trading sessions have shown that price is currently consolidating just under $4.00, but with more higher lows, the momentum is slowly building.

Source: (X)

Should the $2.70 support hold firm, the next critical resistance lies around the $4.50 zone. If broken convincingly, it could pave the way for a test of previous highs near $6.00 seen earlier in 2025. Conversely, a fall below the current support might signal a short-term correction.

Market Metrics Show Increased Participation

On-chain and market metrics support the recent price movement. SUI’s market capitalization stands at $12.29 billion, while its 24-hour trading volume has surged to $1.16 billion, a 25.82% increase. The trading volume relative to market cap (Vol/Mkt Cap) sits at 9.47%, reflecting active participation and potential volatility. The current circulating supply is reported at 3.33 billion SUI, against a maximum and total supply cap of 10 billion tokens.

Forward Sentiment Remains Cautious

Although momentum appears to favor the bulls in the short term, market participants remain cautious due to macroeconomic factors and potential token unlock events. SUI currently ranks #11 by market cap, placing it among the top-performing digital assets, but sustained gains will likely depend on broader market conditions and continued buyer interest.