SUI Price Aims for $9 After Bullish Breakout and Soaring On-Chain Activity

The SUI cryptocurrency has shown impressive strength by breaking free from a lengthy triangle pattern that had confined its price movement for months. This technical breakthrough has caught the attention of traders and analysts who now see a clear path toward the $7 to $9 range, backed by surging on-chain activity and growing trading volumes.

Technical Breakout Signals Major Upside

After months of compression within a descending triangle formation, SUI has finally pushed through its upper boundary near $3.90. Market analyst Ali points to this breakout as a significant development, noting that the price had been squeezed between $2.25 and $3.90 from January through July. The cryptocurrency faced multiple rejections at the descending resistance line before bulls finally gained enough momentum to break through with conviction.

$SUI 1D chart

If we zoom out a little, the chart looks even more bullish now.$SUI is preparing a massive breakout out of this Cup&Handle structure 📈

Full Target of the Cup&Handle is $10 🎯
Consider yourself warned pic.twitter.com/S6sMXmOBq3

— CryptoBullet (@CryptoBullet1) July 24, 2025

The technical setup suggests several price targets based on Fibonacci extensions. The immediate resistance sits at the 0.786 Fibonacci retracement level of $4.20. Once traders clear this hurdle, the extensions point to potential targets at $5.36, $7.30, and ultimately $8.58. This pattern follows classic continuation structures where prolonged compression leads to explosive expansion phases.

Recent price action has reinforced the bullish case. When SUI briefly dipped to test support at $3.56, buyers immediately stepped in, driving the price back toward $3.70 with increasing volume. This quick recovery, accompanied by strong buying interest, suggests bulls are determined to defend the breakout zone. The swift rebound from below $3.60 appears to be a liquidity sweep designed to shake out weak holders before the next leg higher.

Network Growth Fuels Rally Potential

The technical picture gains credibility from impressive on-chain metrics. Data from ToreroRomero reveals that SUI’s decentralized exchange volume exploded to $10.3 billion in July 2025, marking an astronomical 657.85% increase compared to July 2024. This surge in DEX activity reflects genuine user adoption and growing liquidity within the SUI ecosystem.

High DEX volumes indicate that traders and investors are actively utilizing the network rather than merely speculating on price movements. As liquidity continues to deepen, the SUI network becomes more attractive to institutional players and better equipped to handle volatility. This fundamental growth provides solid backing for the current price breakout.

Market analyst Mr. APE offers an optimistic outlook, projecting that SUI could reach $7.50 to $9.00 before the fourth quarter ends. He emphasizes that the triangle breakout exhibits all the hallmarks of a continuation pattern: extended consolidation, clean breakout, rising volume, and former resistance turning into support. The previous resistance at $3.45, which had rejected multiple rally attempts, has now been decisively conquered.

According to Mr. APE’s analysis, the recent CETUS hack-related selling pressure helped eliminate weak hands, leaving behind a stronger base of committed holders. This creates an ideal entry point for institutional investors as selling pressure has notably decreased. His charts suggest a measured move of 107.5% from the breakout base, aligning with the $7.80 to $9.00 target range.

At the time of writing, SUI has posted an intraday gain of 4.3%, reaching as high as $3.80. The cryptocurrency now faces the challenge of maintaining levels above $3.90 to confirm the breakout’s validity. If bulls can establish this area as support, the stage appears set for another significant move higher toward $4.80 and beyond.