Sui Surges Nearly 10% as Bulls Drive a Breakout Rally

Sui Climbs Nearly 10% as Fresh Catalysts Ignite Breakout

Sui (SUI), the native token of the Sui blockchain, rallied close to 10% over the past 24 hours, fueled by strong market momentum and recent network developments. The token’s price jumped from $2.94 to a high of $3.40, marking a significant upswing for one of the market’s top layer-1 projects.

Throughout the session, SUI traded between $2.94 and $3.24, with a $0.34 price range that signals 11.5% volatility, according to technical analysis from CoinDesk Research. The move featured notable surges in trading volume around $2.99 and $3.10, pointing to substantial institutional buying and validating those levels as strong foundations for further gains.

Resistance emerged at $3.27, where price momentum faltered amid increased sell pressure. Meanwhile, support consolidated in the $3.20–$3.21 zone late in the session, suggesting traders may be positioning for another upward push.

The recent rally has been fueled in part by the launch of Threshold Network’s tBTC on the Sui blockchain earlier this week. tBTC, an ERC-20 token backed 1-to-1 by bitcoin, has the potential to bring more than $500 million in BTC liquidity into the Sui ecosystem, increasing the network’s utility and appeal.

Sui now ranks among the top five layer-1 blockchains by activity, with daily trading volumes up roughly 135%, far surpassing the broader crypto market’s average gain of 52%, according to data from Coinbase. Over the past year, SUI has soared by more than 340%, outperforming the CoinDesk 20 Index, which rose just 2.8% in the same period.