Bitcoin News Today: SUI Nears 27% ATH As Altcoin Market Shows Early Rally Signs

Altcoin SUI has recently gained attention as it moves closer to an all-time high (ATH) price target of $7, with analysts predicting that the cryptocurrency is entering a bullish phase ahead of a potential altcoin market rally [1]. This development comes as the broader altcoin market shows signs of recovery, with Ethereum (ETH) and other major altcoins beginning to outperform Bitcoin (BTC) in terms of price action and market sentiment [2].

The recent dip in Bitcoin and Ethereum prices triggered a broader correction in the crypto market, pulling down altcoin prices as well [3]. However, despite the volatility, ETH has managed to maintain its strength and is currently within 8% of its previous ATH [4]. This resilience has fueled optimism among traders and analysts, who are now focusing on altcoins like SUI for potential upside as the market enters a more balanced and healthier phase [5].

According to recent analysis, SUI has completed a bullish retest of key support levels and is now positioned to move toward a new ATH [1]. The altcoin’s current price of $3.84 means it is within 27% of its previous peak of $5.35, which was set just seven months ago [3]. Analysts suggest that the successful retest indicates growing institutional and retail interest in SUI, particularly given its scalable blockchain infrastructure and performance-driven use cases [2].

The broader altcoin market is also showing early signs of an altcoin season, with the altcoin index reflecting a 50% increase in market capitalization since July 2025 [4]. This uptrend is being supported by a shift in investor focus away from Bitcoin dominance and toward altcoins with strong fundamentals and clear utility [2]. Major altcoins like Ethereum, XRP, and ADA are also showing signs of recovery, reinforcing the idea that the crypto market is entering a more diversified and altcoin-friendly phase [3].

Market participants are being advised to take advantage of short-term dips to accumulate positions in promising altcoins like SUI before the next wave of price momentum arrives [1]. This strategy is based on the historical pattern where dips in Bitcoin and Ethereum have often been followed by strong rebounds in altcoin prices [4]. As the crypto market continues to stabilize, SUI is being closely watched as one of the early performers in what could be a significant altcoin rally.

Sources:

[1] Zigzag — Trading Ideas on TradingView (https://www.tradingview.com/ideas/zigzag/)

[2] Research (https://www.blockscholes.com/research)

[3] Best Crypto to Buy Now as Altcoin Prices Soar and Trump... (https://coincentral.com/best-crypto-to-buy-now-as-altcoin-prices-soar-and-trump-eyes-bitcoin-etf)