Over the past few days, Sui’s token price has experienced a significant rally, outperforming the entire top 100 list of cryptocurrencies by market cap. This surge has been fueled by rumors of a potential collaboration with Pokémon, adding an extra boost to Sui’s momentum. In just the last week, Sui has surged by nearly 72%, making it the biggest gainer in the market. With this strong performance, there is optimism that Sui could soon break through the key $5 level.
Sui’s DeFi Activity Rises Amid Rumors
Sui’s price has been steadily climbing, showing strong momentum as buyers manage to push past resistance levels without significant pullbacks. In the past 24 hours, there was a spike in liquidations from both long and short positions, with approximately $22.2 million worth of SUI positions being wiped out, $7.4 million from buyers and $14.8 million from sellers, according to data from Coinglass.
Sui’s recent rally is attributed to rising investor confidence following the launch of the Grayscale SUI Trust and a new partnership with xPortal and xMoney to introduce a virtual Mastercard in Europe.
The rumors of a potential collaboration with Pokémon have also contributed to the excitement surrounding Sui. These rumors gained traction after a privacy policy update for Pokémon HOME mentioned Parasol Technologies LLC, a Web3 gaming firm acquired by Sui’s parent company, Mysten Labs, in March 2025.
Sui continues to hold its position among the top 10 layer-1 blockchains, with over $1.65 billion in total value locked (TVL) on the network. The chart below shows a 40% increase in Sui’s TVL over the past week, along with a significant surge in daily DEX trading volume, reaching $600 million. These positive indicators suggest a potential bullish rally towards the $5 mark.
What’s Next for Sui Price?
Currently, Sui is trading around $3.6, up more than 8% in the last 24 hours but struggling to break above the $3.8 level. Sellers are aiming to keep the price below the 20-day EMA to maintain the current downtrend.
Despite growing bearish pressure, increased buying activity could propel Sui higher. However, the Relative Strength Index (RSI) indicates that the asset is overbought, with sellers pushing for a correction.
If buyers maintain momentum, Sui could surpass the $4.3 resistance level and target $5.4. Conversely, sustained selling pressure could lead to a drop below the $3 support level. A significant decline below $3 might trigger a more substantial sell-off, potentially pushing Sui down to the $2.4 support level.
