SUI price increased by more than 100% from April low around $ 1.70. The price has been combined with a few days, but some basic and technical metrics suggest it can still be for some basic spikes.
Sui is not just riding a short -term hype. The basis behind the project will remain strong – and that itself Marco Polo (@marcopolomaps) Highlights in a recent x post where he said, “$ Sui is still not done! The structure looks sharp.” His degradation of Sui's underlying architecture and ecosystem reminds us why so many investors continue to take it seriously.
According to Marco, Sui is a high -functioning layer 1 built by former meta engineers at Mysten Labs. The blockchain was optimized for scalability and low latency and was designed from the beginning to support the next generation web3 applications.
One of its strongest features is the object-centric model. Unlike most blockchains who use a traditional account-based structure, SUI allows each object to handle independently, enabling transactions to run similar. This allows the network to hit very high throughput with an end to under 400 milliseconds.
Marco also points out that Sui's wise contracts are written on the move: a safe, developed language first created by the meta for the diem blockchain. The move architecture focuses on resource control and safety, providing an edge to the implementation of the contract and management of the digital asset.
The Sui Ecosystem is growing rapidly. Marco featured Defi's active protocols such as Suilend and Navi -which costs about 40% of $ 1B of the chain in the total amount locked. On the gaming side, developers like Netmarble and Lucky Kat build web3 experiences enabled by SUI's NFT infrastructure. Suins, a decentralized naming naming service, also adds the utility to the day -to -day contact.
But what really outlines long -term confidence is the growing attention of the institutional. Marco's note that ETF filing from Canary and 21shares, along with collaboration with fireblocks, are early signs of deeper financial integration. These are not just speculations -Playing -they are signs that serious capital is watching Sui.
SUI price signing is more upside down
On the technical side, Sui's chart tells a strong story. After a drop near $ 1.70 in early April, the price booked strongly from a major support zone between $ 2.35 and $ 2.50. This area had previously acted as a resistance during the period of 2024 Phase of accumulationthat makes the return more convincing.
From there, the SUI price passed $ 3.60, destroying a multi-month downtrend. That breakout comes in volume, a good sign that it's not just a weak rally. Since then, the price has been combined -included below the $ 3.60 zone, which now acts as a basic level to watch. A clean flip above can trigger the next leg higher.
The structure of the current price action looks like a pattern of continuity of textbook bullish. The chart shows higher lows forming, with a price winding for a potential staircase moving like the next resistance levels.
Analysts like Marco Polo believe this is the only beginning. His chart suggests that the next targets are around $ 5.35, a previous local high, and then a potential of $ 6.50 if the momentum continues and Bitcoin holds it. From a perspective structure, there is no more stress signing -healthy companionship.
Also Read: We asked AI to guess the price of hedera (HBAR) in May
When you combine the strong foundations described by Marco Polo along with clean technical prefunction on the chart, the Bullish case for SUI is becoming difficult to ignore. Blockchain's architecture is innovative, the ecosystem is expanding, and the investor's interest is rising in both retail and institutional facards.
If SUI could hold above the $ 3.60 level and break from the current integration, it could start a larger trend. As Marco placed, “Sui is still not done!”—And based on what we see, he may be right.
Follow us at X (twitter), CoinMarketCap and Binance Square For more sunny crypto updates.
Read our recent updates to the crypto market, news, and technical analysis here.
We recommend ethoro
Actively featured user and social communities such as news feeds, chats for specific coins available for trading.
Wide range of properties: cryptocurrencies next to other investment products such as stocks and ETFs.
Copy Copy: Allows users to copy the trading of top traders, for free.
User-friendly: ETORO-based web and mobile app platform is easy to use and easy to navigate.
