SUI's Price Surges 60% on Ecosystem Expansion and Real-World Payment Partnerships

SUI, a high-performance Layer 1 blockchain, has seen its price surge by over 60% this week, reaching a high of $3.71 before settling around $3.65. This significant gain is supported by strong on-chain fundamentals, ecosystem expansion, and a strategic move into real-world Web3 payments.

Sui’s total value locked (TVL) has climbed 38% in just one week to reach $1.645 billion. Meanwhile, 24-hour DEX volume skyrocketed 177% to $599 million. Stablecoin liquidity on the network also reflects growing investor confidence, with stablecoin supplies on Sui rising 82% over the last two months, from $482 million to $879 million. Data from Artemis further highlights that the price surge, which began in mid-April from $2.10 levels, was closely tied to a spike in active addresses and DEX volume. Active users peaked at 1.7 million on April 20, and a subsequent increase in trading activity propelled SUI’s price to $2.70 by April 22, setting the stage for this week’s explosive move above $3.60.

Adding to the bullish narrative, Sui announced a major partnership with xMoney and xPortal, bringing full-stack digital payment infrastructure to the European market. The collaboration enables SUI-powered wallets integrated into xPortal to be linked with a branded virtual Mastercard, compatible with both Apple Pay and Google Pay. A physical card is set for release later this year, expanding SUI’s real-world usability.

With SUI now above the 1.618 Fib level at $3.15, the next targets include 2.618 level at $3.85, 3.618 level at $4.55, and 4.236 level at $4.98. These targets suggest continued upside potential if bullish momentum persists. However, caution is warranted. The RSI currently sits at 77.89, well into overbought territory. Historically, such levels precede short-term corrections or consolidation phases. A pullback toward support around the 1.618 Fib ($3.15) or the breakout region near $2.70 could offer healthier entry points for latecomers.