Sui Price Prediction Turns Bullish 43% as Grayscale Calls It ‘Built for Scale’

Sui price prediction has turned bullish following Grayscale’s July 10 report, “Built for Scale: Why Sui Stands Out,” which highlights the project’s advanced tech, growing ecosystem, and strong market performance as key drivers of its ongoing rally.

The report explained Sui’s advanced blockchain features and the strong background of its main development team. It also provided a clear way for investors to consider Sui’s future value. This analysis arrives as the digital asset market continues to grow, adding more to the ongoing Sui price prediction discussions.

With Bitcoin, Ethereum, and Cardano also on the rise, SUI’s technical breakout has become a key focus. The token has cleared major resistance levels, including the $3.6 zone and its 50-day and 100-day EMAs. While the RSI remains in bullish territory but not yet overbought, analysts believe Sui could still push toward the $4 mark if current momentum holds.

Why Has the Sui Price Jumped Sharply?

Sui’s price has surged after Grayscale shared a positive report about the project. The detailed report highlighted Sui’s advanced technology, the strong experience of its team, which includes former Facebook engineers, and its clear growth plans.

Sui is trading at $3.52, which is its highest price since June 12, showing a strong rise of over 43% from its lowest point in June. This increase has created new hope for the Sui price prediction, especially as Bitcoin’s new all-time high has improved the mood across the crypto market.

How Is Sui’s DeFi Ecosystem Supporting Its Price?

A key reason behind the recent Sui price prediction is its growing decentralized finance ecosystem. Experts point out that Sui’s DeFi sector now supports more than 70 applications, with a total value locked (TVL) of over $2.6 billion.

Sui’s stablecoin trading reached $887 million, while its total adjusted transactions increased by 5.6%. Experts believe that this ecosystem strength is a major reason behind the positive Sui price prediction.

One market analyst said, “Sui’s DeFi space is growing fast, and this is an important reason for its price stability and future growth.”

According to Sui’s official docs, the Mysticeti consensus protocol is built to boost speed, security, and scalability on the network. It lets transactions run in parallel and helps validators reach an agreement faster, making the system more efficient. 

These improvements make Sui more appealing to developers and large-scale apps, which could increase demand for the SUI token. As Mysticeti continues to grow, analysts believe it could play a key role in future Sui price predictions by supporting long-term price growth.

What Role Did Technical Factors Play in Sui’s Surge?

Technical indicators have been important in shaping the Sui price prediction. Sui recently broke above the 50% Fibonacci retracement level at $2.9174, which shows a strong bullish breakout.

It has also moved above both the 50-day and 100-day Exponential Moving Averages, showing strong buying interest. The Relative Strength Index (RSI) is close to the overbought level, but many traders are still hopeful. 

Experts think that if the price keeps rising, Sui could soon reach its next resistance level around $4.2770.

What Is the Near-Term Outlook for Sui?

Looking ahead, analysts still have a positive short-term Sui price prediction. Along with Grayscale’s support, investor confidence has grown because of Sui’s strong technical performance and the steady growth of its ecosystem.

Also, trading activity on Sui’s decentralized exchanges (DEX) has recovered since the Cetus Protocol hack in May. In the past 30 days, DEX platforms on Sui handled $8.52 billion. 

Popular platforms like Cetus, Bluefin, Momentum, DeepBook, and Turbos are playing an important role in this growth, which is helping to strengthen the Sui price prediction even more.

Conclusion 

Several positive factors are driving the Sui price prediction, such as Grayscale’s favorable report, strong technical indicators, and the expansion of its DeFi ecosystem.

Market experts stay cautiously hopeful, saying that while Sui’s price might face some short-term volatility, the broader outlook for SUI remains promising if its ecosystem keeps growing.

One crypto expert said, “Sui’s strong basics, along with good technical signals and market conditions, show that it has good chances for steady growth—but it’s still wise to watch it carefully.”

Right now, the Sui price prediction is being watched closely, as investors wait to see its next major move.

Summary 

Sui’s price prediction has improved after Grayscale’s report praised its strong technology, skilled team, and growing DeFi ecosystem. Sui’s price jumped 43% to $3.52, its highest since June.

Experts credit its DeFi network with over 70 apps and $2.6 billion in locked value for the growth. Technical signals also support this rise, with traders eyeing $4.27 as the next target. Analysts remain positive but cautious, as Sui’s steady growth depends on continued ecosystem progress.

FAQs

1. Why did the Sui price rise recently?

Sui jumped 11% after a bullish $500M report from Grayscale highlighted its strong tech and growth.

2. Who published the report boosting Sui’s price?

Grayscale released a report titled “Built for Scale” on July 10.

3. How is Sui’s DeFi ecosystem performing?

70+ DeFi apps with a TVL over $2.6 billion.

4. How much stablecoin volume does Sui handle?

Stablecoin volume on Sui reached $887 million recently.

5. What is Sui’s next major resistance level?

Experts see $4.27 as the next resistance zone.

Glossary

Grayscale- A major crypto investment firm known for deep market research and large asset holdings.

TVL- The total amount of crypto held in a blockchain’s DeFi apps.

Fibonacci Level- A technical chart tool used to find possible support and resistance levels.

EMA- A trendline showing average price movement, giving more weight to recent data.

Sources

Cryptonews

Tronweekly

Sui Whitepaper

Trading View