SUI coin , Sui Network’s native token, is on track to reclaim its All-Time High (ATH).
The altcoin recently experienced an over 18% rally and moved up in the rankings to become the 11th largest coin.
It broke past crucial levels, which leaves market participants hopeful about its future price performance.
Current Outlook
According to CoinMarketCap data, SUI price was trading at $3.88 as at press time.
The latest rally has extended its monthly gains to 93.5%, making it one of the few assets that have pared off their losses over the past month.
SUI’s latest rally represents a considerable achievement, as the coin has struggled to regain balance since the beginning of May.
The month began with a lot of profit-taking, which resulted in the SUI price action cooling down.
Analysts attributed the surge in selling pressure to its overbought status.
However, price action is back on track, and investors are shifting attention towards the altcoin.
In the last 24 hours, trading volume has spiked over 86% to $2.7 billion.
SUI’s goal is to maintain its current momentum, which could lead to a new all-time high.
With the current setup for the coin, a potential return to the past all-time high of $5.34 is possible moving forward. The market bulls are expected to sustain this momentum.
One of the major drivers of the rally is the surge in stablecoin activity on the network.
Stablecoin supply on the Sui Network recently reached its highest level at $908.18 million, representing an 181.53% growth since the start of 2025.
About SUI Basecamp and Research Potentials
The SUI network has the right endorsements and fundamentals, perfect collaborations, and an ecosystem to drive future growth.
Popular market analyst Michael Van de Poppe recently pointed out the buzz in the ecosystem.
The analyst visited the SUI Basecamp last week and described it as one of the best events of the week.
Image Source: Michael van de Poppe on X
The event, which took place in Dubai on May 1st and 2nd, brought the community members together.
One major highlight of SUI Basecamp is the release of the STEAMM Token Launcher by Suilend, a DeFi protocol on Sui.
According to Van de Poppe, SUI’s clear breakout of the downward pattern and strong upward moves demonstrate its bullish outlook.
He further highlighted the growing TVL as another key factor that reinforces the uptrend.
Another analyst, Kostas Krypto spotlighted rising interest in research. He noted that the Network has published over 80 research papers in about three years.
Image Source: Kostas Kryptos
This marks its vibrancy toward innovation, a setting that can put it in the spotlight and ahead of its core rivals.
How High Can It Climb?
Hitting a new ATH is not a familiar trend in the digital currency ecosystem today. SUI has recorded many impressive price actions thus far in this ongoing bull cycle.
However, the asset is still about 30.9% below its ATH, making this potential milestone important.
Still, the latest price action represents a sustained bullish push that is bound to give it its best month of the year.
Based on the current trend, SUI may continue its upward trajectory past $4, with additional momentum driving it toward $4.5.
