SUI Surges 7% to Break Key Resistance Amid Flat Crypto Market

SUI, the native token of Mysten Labs’ layer-1 blockchain, surged 7.33% in the past 24 hours to reach $2.08, breaking above a key resistance level while the broader crypto market remained flat or declined. The move placed SUI nearly 7% ahead of the CoinDesk 5 benchmark index, signaling strong token-specific demand and renewed investor interest.

Despite the impressive rally, SUI’s trading volume remained below its 7-day average—an unusual pattern that suggests targeted accumulation, possibly by institutional investors or whales. During the breakout, however, trading briefly spiked to 44 million tokens, marking a 168% increase over its daily average and indicating coordinated buying activity at strategic price points.

SUI has drawn increasing attention for its advanced architecture, which enables parallel transaction processing for faster, scalable performance. While no major announcement fueled Friday’s surge, analysts point to the blockchain’s expanding ecosystem and innovative design as key drivers of long-term growth potential. Some forecasts even project a possible rise to $5 by 2025 if adoption trends continue.

From a technical standpoint, SUI has been forming higher lows—$1.93, $1.95, and $1.98—before breaking above the crucial $2.00 psychological level. The next resistance zone lies between $2.07 and $2.08, with an upside target near $2.34. Traders eyeing continuation may find a stop-loss below $1.96 offering a balanced risk-to-reward setup.

Meanwhile, the CoinDesk 5 index dipped slightly from $1,731.12 to $1,729.63, after briefly hitting a session low of $1,700.39 earlier in the day. The divergence underscores SUI’s strength and growing appeal amid a cautious broader market, reinforcing its position as one of the standout performers in the crypto sector.