SUI is starting to make waves again, thanks to the growing activity in its DeFi ecosystem. Over the past week, its market cap has edged closer to $7 billion, and DEX volume jumped 4.49% to $2.1 billion, briefly pushing SUI ahead of Arbitrum to claim the fifth spot among top chains by DEX traffic. While it still trails heavyweights like Ethereum, Solana, and BNB Chain in overall adoption, the sudden spike in speculative trading is turning heads and putting SUI DeFi exposure back on the radar for traders and DeFi enthusiasts.
This momentum hasn’t yet translated into a strong technical SUI breakout. While DEX growth is a positive sign, the SUI price still seems to be feeling things out. In this analysis, we’ll focus on what the charts are saying right now, looking at price levels, key indicators, and recent SUI price action behavior to better understand where SUI might be headed.
SUI Price Analysis of April 21st, 2025
SUI price opened on April 20 in a tight range between $2.18 and $2.22, displaying low volatility and no clear directional bias between 00:00 and 06:00 UTC. The RSI mainly stayed neutral, briefly entering overbought levels during short-lived spikes. Toward the end of this period, the MACD began to show bearish signs with a death cross, initiating a moderate decline. This downturn extended through the 06:00 to 12:00 UTC window, with SUI price falling steadily from $2.18 to the key support at $2.10, where buyers started stepping in. The RSI slipped into oversold zones multiple times, aligning with the downward momentum.
Chart 1, Analyzed by Alokkp0608, published on April 21st, 2025.
From 12:00 to 21:00 UTC, SUI price stabilized just above $2.10, with movements confined between $2.10 and $2.14. RSI readings remained close to the oversold threshold, while the MACD displayed weak bearish activity. This sideways structure formed a base, suggesting accumulation near the support zone. Between 21:00 and 00:00 UTC, bullish momentum returned as the MACD flipped with a golden cross, pushing SUI above $2.14. Buyers gained confidence, and by 01:45 UTC on April 21, the SUI breakout above the $2.20 resistance zone took shape, reaching $2.22 during the breakout phase and initiating a sustained uptrend.
From 03:00 to 09:00 UTC, SUI price rallied strongly, advancing from $2.22 to a peak of $2.26 while forming a rising price channel. During this phase, RSI consistently hovered in the overbought zone, confirming intense buying pressure. MACD followed with a sequence of golden crosses, supporting continued bullish movement. By 09:00 to 12:00 UTC, a mild correction brought the price down to $2.24–$2.25, suggesting short-term profit-taking but no trend reversal. Despite minor weakness, SUI remains well-supported above $2.20, and unless it breaks below the channel’s lower boundary, the broader bullish structure appears intact.
SUI Eyes Further Upside Amid Strong Technical Momentum
The SUI price still has room to run in the current structure. The bullish channel formed during the rally from $2.22 to $2.26 is holding steady, and with RSI consistently hovering in overbought territory, buyers remain in control. MACD’s repeated golden crosses add further weight to this upward push.
If momentum continues, we can see another SUI breakout above $2.26, targeting $2.30 or even $2.35 in the near term. On the downside, the trend stays intact as long as the prices hold above $2.20. With growing interest in SUI DeFi, especially on the back of meme coin traction, the fundamentals are lining up with the technicals to support more upside, unless sellers flip the script below $2.18.
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