NewsSUI Price Prediction: VanEck Sees 350% Rally as ETF Filing Fuels Hype
Mustafa Mulla22 Apr 20253 min read
After months of underwhelming performance, SUI is making a strong comeback. In just seven days, the token surged by nearly 25%, climbing from $1.86 to around $2.32. But this sudden move is just one part of a larger shift. Several indicators suggest SUI could be gearing up for a much bigger breakout.
SUI’s Surprising Rebound
Not long ago, SUI was seen as one of the year’s worst-performing crypto assets, with its price dropping nearly 60% since January. But momentum began to shift in March and April, as the token started showing signs of a steady recovery.
Now, it’s once again drawing attention as one of the most talked-about projects in the altcoin space.
One of the clearest signs of growing activity on the SUI network came last week, when stablecoin inflows hit record levels. Over $60 million worth of stablecoins entered the network in just 24 hours.
That level of inflow pushed SUI into the top ranks among blockchain networks, even surpassing heavyweights like Ethereum and Solana in daily stablecoin activity.
Analysts Spot a Breakout on the Horizon
Well-known macro investor and crypto analyst Raoul Pal has taken notice of the recent momentum. Looking at SUI’s 1-day chart, he believes the token is close to breaking out of a long-term downtrend and may be preparing for a strong rally.
Another trader, Capital Faibik, also sees a bullish setup forming. He points to a falling wedge pattern – a classic chart formation that often signals a breakout. If the pattern holds, Faibik believes SUI could climb to around $4.80 in the near future.
VanEck Sees 350% Upside
Global asset manager VanEck, which oversees more than $116 billion, has made one of the boldest predictions yet. According to the firm, SUI could rise by more than 350% to reach $10 by the end of 2025.
That forecast is starting to look more realistic following a new development: Canary Capital Funds has filed for the first-ever SUI token ETF. The move could attract institutional capital, often a key factor in long-term growth for digital assets.
SUI Price Analysis
As of now, SUI is currently trading at $2.32, showing a 1.5% increase in the last 24 hours, with the market cap reaching $7.5 billion.
Looking at the charts, it’s clear that the bulls are in control. The RSI has jumped from 48 to 68, indicating renewed buying activity. Plus, the MACD has turned bullish, showing that the trend could continue its upward trajectory.
The token recently broke above a critical resistance level at $2.25, which now acts as strong support. If the rally continues, the next resistance to watch is at $2.78. A breakout above that could open the door to a run toward $3.17.
SUI is no longer flying under the radar. With improving technicals, strong inflows, and growing interest from major players, the token is starting to look like one of the most promising comeback stories in the market right now.
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FAQs
- Yes, the SUI blockchain is one of the most prominent projects and is projected to gain significant value in the coming time.
