The price of SUI is back in focus as the broader cryptocurrency market flips risk-on. With Bitcoin holding firm above key levels, traders are rotating capital into high-growth altcoins, and SUI is emerging as a leading candidate in this shift. Network data, rising trading volume, and fresh ecosystem developments have combined to put the $2 price level back on the table, a target many had written off just months ago.
This bullish SUI price prediction follows a bounce from long-term support with strong daily volume. Over the past week, SUI has outperformed several large-cap rivals as traders favor scalable layer-one networks with low gas costs and growing developer activity. The move is supported by rising Total Value Locked (TVL) and renewed interest in SUI-based DeFi project launches. Market watchers now see $2 as a critical psychological barrier that could flip sentiment from cautious to aggressive. A clean break above that zone could open a path toward the $2.60–$3 range in early 2026, especially if altcoin dominance continues to climb.
From a technical perspective, SUI has been trading inside a descending wedge pattern since late 2025. The price recently bounced sharply from the lower boundary of this wedge, a level aligned with the $1.60 support zone. Analysts note that as long as this support holds, the structure remains bullish. SUI is currently trading around $1.82, positioned between the wedge's base and its descending upper resistance. A sustained breakout above this wedge resistance could shift the short-term outlook, with potential upside targets cited at $2.60, $4.20, and even $7.30 as longer-term extensions.
Concurrently, the article highlights a broader market narrative shifting toward utility-focused projects. It mentions Remittix, a cross-chain DeFi project focused on real-world payments, as an example. Remittix has launched its wallet on the Apple App Store, secured $28.8 million in private funding, and plans to launch its crypto-to-fiat platform on February 9. This underscores a growing theme where capital in 2026 may increasingly reward projects with working products over pure speculation.
