After months of disappointing price action, the Sui cryptocurrency is suddenly showing signs of life. Where the price once seemed to only go down, Sui is now surprising investors with a strong rally in a short period. What is behind this sudden surge, and is this the beginning of a sustainable recovery, or just a temporary bounce?
Sui’s price skyrockets #
Over the past three months, the token Sui fell by almost 50%, from nearly $4 in September to $1.31 on December 1. But today, a turning point in this negative trend appears to be emerging: the price has risen by over 30% in the last 24 hours to $1.77.
The rally began yesterday afternoon and has continued steadily through the night. The cryptocurrency is currently being heavily traded. In the past 24 hours, trading volume has increased by 170%. The token is also particularly popular in the Netherlands at the moment; due to the growing interest, Sui is now in the top 5 of most traded assets on the Bitvavo platform.
The rally is much needed for the token. Similar to the last three months, the token is still down over 50% year-to-date.
Why Sui is rising #
A key development behind the surge is that since December 1, the cryptocurrency has been available on the American trading platform Coinbase for residents of New York. The regulation in New York is considered very strict, and approval by the local authorities gives institutional and retail investors more confidence in the token.
New York residents can now access Sui on @coinbase. https://t.co/nLK5HQWXGf — Sui (@SuiNetwork) December 1, 2025
‘Sui price trend flips to bullish’ #
In a post on X, a Dutch analyst shared his view on Sui’s development. He noted that the SUI price has retaken two important horizontal support levels, which is seen as a positive technical signal. According to him, the local market structure has thus flipped to bullish, as both a higher low and a higher high have been formed.
This indicates that the downtrend appears to be broken for now. From this point on, the analyst says it is crucial that this new structure holds, allowing for a further relief bounce in the price.
$SUI There we go. Retook the two big horizontal levels that we were watching. Local market structure flipped back to bullish with this higher low and higher high made. From here on out you simply need to sustain that, to get this relief bounce going. https://t.co/EKftAoXELP pic.twitter.com/dXgApT3lJn — Daan Crypto Trades (@DaanCrypto) December 3, 2025