The Sui Network has seen a significant price surge and increased activity, driven by upcoming derivatives listings and robust chain metrics. SUI’s price rose over 11% in 24 hours, bouncing from a support level around $0.84 towards $1. The momentum is supported by a major announcement from CME Group and a sharp increase in daily transactions, though technical indicators suggest the rally faces resistance.
The cryptocurrency Sui (SUI) recorded a price increase of more than 11% within a 24-hour period. This surge indicates renewed momentum across the network, which had been dubbed a ‘Solana Killer’ in late 2024 and early 2025.
The strength appears driven by both fundamentals and heightened chain activity.
A key development was the announcement that CME Group will add SUI and Avalanche (AVAX) to its daily crypto derivatives suite. On-chain activity also surged dramatically.
The number of daily transactions increased from 7.52 million to 12.3 million over two days, while total transactions reached 14.17 billion.
From a technical perspective, SUI’s price bounced off a support level within a sideways consolidation that began in early March. It is now trading toward the top of its range at $1 after starting from around the $0.84 zone.
However, the asset faces resistance at $0.96, which could present a hurdle for further gains.
Other metrics indicated bullish momentum, as the Stochastic Momentum Index was in the overbought territory. Capital was flowing into the SUI ecosystem, with the Chaikin Money Flow rising above the neutral line to near 0.03.
While the altcoin still trades in a bear market structure on the daily chart, continued growth in network activity and capital inflow could sustain this short-term bullish momentum.
