Sui Network Surges 150% in June 2025 Amid Bullish Sentiment

The Sui Network, a high-performance blockchain developed by Mysten Labs, demonstrated notable growth and resilience in June 2025. The network's price surged by 150% in early June, reaching a high of $4.30 from $1.71. This rally was driven by a golden cross on the daily chart and a wave of bullish sentiment, marking one of the strongest performances among Layer 1 tokens in the second quarter of the year. However, resistance near $4.20 proved too strong, leading to a 5% pullback that brought Sui back down to around $3.29, where it currently stabilizes. Bulls hope for a rebound above $4, but the market is in a technical tug-of-war. A failure to maintain support at the $3.30 level could send Sui slipping back toward $2.90.

Technically, Sui is at a crossroads. The MACD is nearing a bullish crossover, and the RSI has climbed out of oversold territory, now resting in the mid-40s, indicating a slight recovery in buying interest. However, the RSI remains below 50, showing that sellers haven't entirely lost control. Analysts believe that a decisive breakout above $4.117 could reignite a new uptrend, potentially leading Sui back to its previous all-time high of $5.35. Conversely, rejection at this zone would suggest another bearish leg, possibly down to $2.33, especially if support weakens post-token unlock.

Despite near-term volatility, Sui’s network fundamentals remain robust. With over $40 billion in aggregator volume, strong TVL in DeFi, and growing daily users, especially on apps like FanTV and RECRD, long-term sentiment remains bullish. Sui’s roadmap includes Mysticeti v2 and Move VM upgrades, positioning it as a fast, scalable Layer 1 blockchain for DeFi and gaming. Based on current projections, analysts place the Sui price prediction for 2026 between $5.00 and $7.00, assuming positive market sentiment and continued ecosystem growth. Bearish models, however, suggest Sui could trade closer to $3.50–$4.00 if token unlocks and sell pressure continue to weigh heavily.

In addition to its price performance, Sui's ecosystem growth has been notable. The Sui Overflow 2025 Hackathon concluded with over 40 projects recognized across various tracks, highlighting Sui's potential in blockchain innovation. The hackathon community voting took place between June 14 and June 20, with eligible community voters able to vote for the projects they found most innovative and promising. This event underscored Sui's commitment to fostering a vibrant developer community and driving innovation within the blockchain space.

Sui's Total Value Locked (TVL) has surged to over $2 billion in early 2025, demonstrating robust growth. Stablecoin volume on the network has jumped from $400 million to almost $1.2 billion, further solidifying its position as a leading Layer 1 blockchain. This growth in TVL and stablecoin volume indicates strong investor confidence and a thriving DeFi ecosystem on the Sui Network.

In summary, the Sui Network has shown remarkable growth and resilience in June 2025, despite facing market volatility and technical challenges. Its strong fundamentals, innovative roadmap, and active developer community position it well for continued success in the blockchain space. As the network continues to evolve, it remains a promising player in the Layer 1 blockchain landscape, with the potential for significant growth in the coming years.