• SUI price surges 6.52% over the past week.
• 24-hour trading volume jumps by 22.3% to $2.64B.
• A technical breakout from the triangle pattern points to $8.

SUI is maintaining strong bullish sentiment even as the broader market remains sluggish. While the token has dipped nearly 4% in the past 24 hours, its weekly performance reflects upward momentum with a 4% gain over the last seven days.

At the time of writing, SUI is trading at $4.25, supported by a significant 24-hour trading volume of $2.64 billion. Its current market capitalization stands at $14.7 billion, highlighting continued investor interest and liquidity inflow.

The uptick signals created renewed investor attention, especially with the token still exhibiting upward momentum despite neutral broader market sentiment.

Also Read: SUI Price Prediction July 2025: Analysts Split Between Bullish and Bearish Trends

Chart Breakout Suggests SUI May Target $8

Popular crypto analyst Ali (@ali_charts) noticed a bullish pattern on SUI’s daily chart with a potential price target of $8.

The chart spanning from January to September 2025 displays a symmetrical triangle, a classic technical pattern formed by lines of converging support and resistance that indicate compression of prices.

The breakout occurred late in July, thus extending to the upside. With this formation, SUI’s first target is $5.50, a level that intersects with previous resistance as well as psychological interest.

If the token sustains above that level, its next significant potential upside target is $8, achieved by multiplying the triangle height (~$2) by the breakout price.

However, no volume data exists to go with this chart, and volume is most often used to corroborate a breakout as being genuine. The formation looks good, but trading volume confirmation would make this bullish narrative concrete.

On-Chain Metrics Reinforce Bullish Sentiment

Market data also corroborates SUI’s breakout. The token has recently experienced a 19.38% price gain, while volume has spiked to $7.58 billion, indicative of great investor demand.

Open interest has also climbed by 9.96% to $2.71 billion, indicative of growing action within derivative markets.

In addition, the open interest-weighted funding rate is 0.0198%, meaning there is a mild bearish sentiment in the market.

The positive funding rate means that longs are paying shorts, and this shows confidence that there will be an additional upsurge.

A technical breakout of the token and favorable market conditions are shaping up to deliver a bright short-to mid-term outlook.

While $5.50 still seems to be the most significant near-term target, a breakout above that level could open up to $8, provided momentum and volume continue to stay behind.

Also Read: Is SUI the Next Solana? Analysts Predict $50 Target Soon