Since early 2025, the Sui cryptocurrency price has been in correction mode despite recent growth.
Current Trends
The price of Sui dropped over 32% in the past four weeks. However, it rebounded around 5% in the past seven days, trading at about $2.28 during the early New York session on Tuesday, March 18.
Midterm Expectations
From a technical analysis standpoint, the Sui price has gradually gained bullish momentum over the past two years, showing higher highs and lows. Analyst Ali Martinez indicates that the Sui price is nearing a breakout upon reaching the apex of an ascending triangle pattern in the 1-hour time frame, with potential further gains above $2.4.
Fundamental Outlook
The Sui network has evolved into a vibrant web3 ecosystem with dozens of DeFi protocols. As of now, the network has over $1.1 billion in total value locked and around $654 million in stablecoins market capitalization.
The Sui price is on the verge of significant changes in the coming months, backed by technical analysis and active ecosystem development.
