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Cryptocurrency News Articles
Analysts Expect a $2.20 SUI Breakout After Record-Setting Transaction Surge
Apr 20, 2025 at 06:30 pm
SUI just did the unthinkable—and almost no one saw it coming. The rising Layer 1 blockchain has officially crossed 500 million transactions
Analysts are expecting a quick move toward the $2.20 level on SUI as one chart indicator flashes a golden cross.
One Layer 1 blockchain just did the unthinkable—and almost no one saw it coming.
SUI has officially crossed the 500 million transaction mark, massively outpacing giants like Ethereum and Bitcoin in sheer network activity.
While the crypto market at large has been focused on familiar names, SUI has quietly become one of the most used blockchains in the world—and now, analysts are turning bullish fast.
SUI Surpasses ETH and BTC in Transactions
With over 501 million transactions processed in 2025 alone, SUI has surged past Ethereum’s 129 million and Bitcoin’s 40 million. This isn’t just a metric—it’s a warning shot to the rest of the crypto space.
And with price sitting near key resistance, many believe a breakout is imminent.
The 500M Milestone That Changed Everything
SUI’s adoption curve has been nothing short of explosive. Primarily known for its DeFi and smart contract capabilities, the blockchain’s user base has grown rapidly—pulling in developers, investors, and dApps at a speed most blockchains can’t match.
The 500 million transaction milestone isn’t just symbolic. It signals real usage, real activity, and real demand.
As adoption scales, open interest on SUI has climbed to $318.1 million, showing heavy trader interest. Analysts like CryptoMichNL believe this momentum, especially within the DeFi space, could fuel a bullish breakout above $2.17—and possibly beyond.
Price Action: Calm Before the Storm?
Let’s talk charts.
On April 18, SUI/USDT started off shaky. Sellers dominated early trading, pushing prices down. But by 06:45 UTC, the MACD indicator flashed a golden cross, shifting momentum. Buyers jumped in, lifting the price—briefly pushing it into overbought territory.
Then came a correction. The RSI signaled oversold conditions around 15:30 UTC, which steadied the price near $2.0951. But later that evening, a death cross appeared on the MACD, and the price started to slide again.
However, April 19 opened with renewed bullish energy, with SUI bouncing between moderate price levels. Now, the token sits just under its critical resistance at $2.1707. If that barrier breaks, analysts say the price could spike toward $2.22.
But there’s a flip side. If momentum fades, SUI may dip below $2.0951 and test lower support at $2.0500.
Why Everyone’s Watching SUI Now
Beyond price charts and indicators, what really stands out is the exploding demand for SUI. Investors aren’t just watching—it looks like they’re preparing to move in.
The massive transaction count proves one thing: SUI isn’t hype—it’s being used. That kind of organic growth is rare in crypto, and it often signals something big on the horizon.
Combine that with a rising Long/Short ratio and surging open interest, and you’ve got a setup that looks primed for a bullish breakout.
What’s Next for SUI?
As of now, all eyes are on the $2.17 resistance level. If SUI can punch through and hold that zone, the path to $2.20 and beyond is wide open.
If it fails? There’s still strong support ready to catch it—but the momentum is clearly building.
In a market that often chases trends too late, SUI might be the one quietly preparing to lead the next wave.
This isn’t just another token milestone. This could be the spark before SUI catches fire.
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