Altcoins News
By James Thorp
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SUI Coin has been on a remarkable run over the past month, surging over 140% from its mid-April lows to reclaim levels not seen since early 2025.
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SUI’s current rally began in mid-April after the price broke out of a lengthy consolidation range between $2.80 and $3.10.
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Technically, SUI remains in a strong position. The price is currently holding above all major exponential moving averages (EMAs), with the 20-day EMA offering support around $3.58.
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Despite its bullish posture, the Relative Strength Index (RSI) is nearing the 70 mark — currently hovering at 68.2 — which suggests the asset is approaching overbought conditions.
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SUI’s fundamentals are also aligning with its technical strength. In recent weeks, several key ecosystem developments have fueled growing interest and adoption.
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Earlier in the month, on May 8, Sui was added to the Axelar Interchain Token Service (ITS), enabling native token bridging with other major blockchain networks.
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On-chain data supports the narrative of sustained growth. Sui’s total value locked (TVL) has risen steadily from $1.8 billion in early April to over $2.18 billion as of May 14.
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Trading volume on Sui-based DEXs has reached unprecedented levels. The seven-day DEX volume now stands at $3.
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Daily active addresses remain another strong point for the network. Sui consistently sees over 1.5 million wallets interacting with the network, peaking at 1.7 million on April 29.
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In summary, SUI Coin appears well-positioned for a breakout, supported by strong technical indicators, ecosystem growth, and record-setting on-chain activity.
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