Sui’s token price has been experiencing a significant rally in recent days, outperforming the overall crypto market. This surge in price is partly fueled by rumors of a potential collaboration with Pokémon, adding an extra layer of excitement for investors. In just the past week, Sui has surged by an impressive 72%, making it one of the top gainers in the market. There is growing anticipation that SUI could soon surpass the crucial $5 mark, marking a significant milestone for the token.
One of the key drivers behind Sui’s price momentum is the increased DeFi activity surrounding the token. Buyers have been able to push past resistance levels with relative ease, leading to a spike in liquidations of both long and short positions. Data from Coinglass shows that approximately $22.2 million worth of SUI positions were liquidated in the last 24 hours, with buyers accounting for $7.4 million and sellers for $14.8 million.
In addition to the surge in price, Sui has also seen a rise in investor confidence following the launch of the Grayscale SUI Trust and a new partnership with xPortal and xMoney to introduce a virtual Mastercard across Europe. These developments have further boosted Sui’s position as one of the top 10 layer-1 blockchains, with over $1.65 billion in total value locked on the network.
Rumors of a potential collaboration with Pokémon have added to the excitement surrounding Sui. Speculation began after a privacy policy update for Pokémon HOME mentioned Parasol Technologies LLC, a Web3 gaming firm acquired by Sui’s parent company, Mysten Labs, in March 2025. This speculation has only added to the positive sentiment surrounding Sui and its potential for future growth.
Looking ahead, Sui is currently trading around $3.6, with resistance at the $3.8 level. Sellers are working to keep the price below the 20-day EMA to maintain the current downtrend. However, with rising buying activity, there is still potential for Sui to break through resistance levels and aim for targets at $4.3 and $5.4. On the other hand, a drop below $3 could signal a sharper sell-off, potentially leading Sui to the next support level at $2.4.
Overall, Sui’s strong performance in the market, coupled with the potential for exciting collaborations and partnerships, bodes well for the token’s future growth and potential for further price appreciation. Investors will be closely watching how these developments unfold in the coming days and weeks.