The price of Sui (SUI) experienced a significant surge on May 8th, rising over 19% in just 24 hours. This jump followed a slight decline the previous day, with trading volume increasing as a result. Crypto news sources report that technical indicators shifted, contributing to this momentum. 2023 saw Sui rapidly expand its DeFi ecosystem and integrate with gaming projects, bolstering its position among blockchain networks. Bitcoin’s rebound from its April crash has also played a role in the SUI price surge. A “golden crossover” between short- and long-term moving averages indicated upward pressure on prices. Recent growth is attributed to the increase in DeFi TVL (Total Value Locked) within Sui, alongside stablecoin activity and increased DEX (Decentralized Exchange) volumes. Sui now faces resistance at $4.36, but has broken through this level on some exchanges. The RSI remains neutral, allowing for continued price fluctuations. Short-term models predict a potential surge in SUI’s price to $4.36 within the coming days and even $5.20. Sui is now attempting to break out of its historical reaccumulation range, a key technical zone for traders to monitor. Recent fundamental catalysts, including DeFi growth and broader market recovery from Trump’s tariff announcements have shown positive influence on the price action of SUI. This includes growing institutional interest, which has been reflected in new SUI ETF filings, such as those by 21Shares. The rising adoption of Sui’s blockchain and its integration with DeFi and gaming projects have significantly contributed to its current market performance.