SUI’s 73% Weekly Surge: Is It Headed for New Heights or Just Another Crypto Fad?

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Key takeaways (for those who hate reading long

  • SUI‘s up 23% in the last 24 hours and a mind-boggling 73% over the past week—leaving top cryptocurrencies eating its dust.

  • Thanks to the Grayscale SUI Trust and a Mastercard partnership with xPortal/xMoney, investors are suddenly feeling very confident. It’s almost like magic!

  • SUI’s TVL skyrocketed by 40%, and daily DEX volumes have jumped by 177%. This means people are actually using it. Wild, right?

Sui (SUI) price is up 23% in just one day, sitting comfortably at $3.67 as of April 25. This impressive jump is part of a larger, almost supernatural rebound that started on April 21, with Sui gaining a whopping 73% over the last week.

According to the wizards over at CryptoMoon Markets Pro and TradingView, SUI rocketed from a humble low of $2.11 on April 21 to a spectacular intraday high of $3.71 on April 25, climbing 77% in the process. Who says cryptos can’t have their glow-up moments?

SUI’s last 7 days? Big win. It’s now the biggest gainer among the top 100 cryptos. Maybe SUI should change its name to “Underdog of the Year.”

SUI’s meteoric rise: Is it all due to fairy dust and good vibes?

So, how did SUI pull this off? A lot of it seems to come from a surge in investor confidence. First, the Grayscale SUI Trust launched, opening the floodgates for accredited investors to throw their cash in. Then, SUI teamed up with xPortal and xMoney to issue a virtual Mastercard across Europe. Money is being made, and people are excited. Really, really excited.

“SUI’s officially out of stealth mode,” said Kyledoops, the analyst who definitely doesn’t sound like a wizard, but might be. His words, in case you missed it: “Grayscale just launched a trust, social chatter is exploding, and it’s now sitting above AVAX and LINK in market cap,” he said. And he’s not just talking retail. Even Wall Street’s eyeing SUI like it’s the next big thing.

“This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating.”

Grayscale’s trust officially launched on April 23, offering a VIP ticket to anyone who can afford it. They’re now officially inviting all accredited investors to jump aboard this rocket ship.

Adding to the magic sauce, the SUI-xPortal partnership launched a virtual Mastercard, which allows a whopping 2.5 million Europeans to spend SUI at over 20,000 merchants via Apple Pay and Google Pay. It’s like the future, but it’s right here, right now.

SUI’s DeFi kingdom is growing faster than your last software update

Don’t be fooled by the shiny coin. SUI is now in the top 10 layer-1 blockchains, with over $1.65 billion in total value locked (TVL). It’s looking more like a serious player every day. Over the past week, SUI’s TVL spiked a healthy 40%. It’s like everyone suddenly discovered it’s the cool kid at the party.

When compared to its rivals, SUI’s TVL growth is leagues ahead of the competition. Forget about the rest. SUI is in the fast lane.

Daily DEX volumes have shot up by 177% over the last week, reaching a stunning $599 million. Compare that to the paltry 68% and 67% growths on BNB Chain and Solana, and you can see why SUI’s feeling pretty smug right now.

Ethereum might still be the king at $10.58 billion, but even it’s seen a decline of 14% over the past week. Move over, Grandpa. There’s a new crypto in town.

Can SUI hit new all-time highs, or will it just fizzle out like the last meme coin?

From a technical standpoint, SUI’s price has gained serious momentum after breaking out of a falling wedge pattern. This chart is basically the crypto equivalent of a rocket launch. The price broke a multi-month resistance trendline at $2.20 and hit the wedge’s target of $3.30.

The bulls are now eyeing an all-time high of $5.35, last seen on January 6. Anything’s possible, right?

On the RSI front, it’s been climbing from 45 to 78 since April 20. If you’re into numbers, that’s a solid confirmation of bullish momentum. But can it maintain this tempo? That’s the real question.

To keep the recovery going, SUI first needs to conquer the resistance zone between $4.50 and $5.10. After that? Well, it could be a smooth ride into price discovery land.

Based on Elliott Wave analysis (don’t ask me how that works), analyst Bitcoinsensus is predicting a “massive” price target of $11.5 for SUI. That’s right, $11.50. That’s like finding a rare collectible in a thrift store.

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2025-04-25 14:45