SUI Eyes $10 as Bull Flag Breakout and On-Chain Growth Fuel Rally

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com SUI forms a bullish flag with a target at $6.26 and potential to reach $8.46 in this cycle.Sui Network’s TVL hits $2.03B and derivatives open interest climbs to $1.86B ATH.New products like STEAMM and SuiPlay0X1 boost network growth and investor interest.Sui (SUI) is standing out as one of the strongest-performing cryptocurrencies in the current market cycle. With a consistent structure of higher highs and higher lows, the token continues to show technical strength. Locally, SUI appears poised to break through mid-resistance levels, setting the stage for further price discovery. Many analysts anticipate that $10 is achievable in this cycle.Strong Technical Structure and Bull Flag FormationAccording to analysis prepared by Ali Charts via X, SUI could be preparing for an 8% move in the short term, backed by strong technical indicators. The recent breakout from a bullish flag pattern suggests continued upward movement. SUI rallied 86% from $2.08 to $3.87 in April, followed by a week of consolidation near $3.18. Source :Ali Charts(X)This consolidation formed the “flag,” while the rally created the “pole,” with the pattern forecasting a potential target of $6.26. The Relative Strength Index (RSI) at 65.82 shows consistent bullish momentum, and the Chaikin Money Flow index at 0.18 supports strong buying activity. #SUI is one of the strong coins across the market Macro Higher Lows + Higher Highs structure Locally looks ready to break through Mid Resistance and continue it’s rally into the price discovery 10$ is imminent this cycle$SUI pic.twitter.com/OoM32fumYg— Alex Clay (@cryptclay) May 9, 2025Based on trend-based Fibonacci levels, SUI already reached the 38.2% level near $4.01 before a short-term correction. A rally continuation could drive the token toward the 161.8% extension level near $8.46.On-Chain Growth and Expanding EcosystemAccording to an observation by CoinGlass and DeFiLlama, the Sui Network’s fundamentals are strengthening. SUI’s Total Value Locked (TVL) has surged to $2.03 billion, while open interest in derivatives reached an all-time high of $1.86 billion. These metrics show increasing investor engagement and network activity. Stablecoin supply on the network also hit a new peak at $908.18 million, up over 181% since early 2025. Protocols like Suilend, Cetus, and Walrus have posted over 90% growth in 30 days. Additionally, Sui’s Basecamp event unveiled the STEAMM Token Launcher and gaming-focused innovations like Game Dollar and the upcoming SuiPlay0X1 console. SUI now ranks as the 11th-largest cryptocurrency, with growing momentum that supports its continued rally.Source link