Sui Rallies 27.5% on Futures Launch, Targets $2.30

Sui has climbed from $0.65 in early June to $0.83 over three days, driven by broader market momentum and the launch of Aftermath Perpetuals Futures V2 on the Sui mainnet. The platform went live with two audit reports published and 15 markets—including Bitcoin, gold and silver—trading onchain.

During the rally, the token broke cleanly through a $0.78-$0.83 supply zone that now acts as support, potentially opening the path to $1.25 or beyond. Analyst Ali Martinez identified multiple bullish technical signals on the monthly timeframe: a buy signal from the TD Sequential indicator, which typically precedes a 1-4 month price upswing, and a doji star formation that often marks the end of a downtrend. Onchain activity surged dramatically, with active addresses rising 250% over the past week, though social media sentiment remained negative.

Martinez concluded that price action, onchain metrics and sentiment were beginning to align, setting targets of $2.30 at the rising channel's midpoint and $7.90 as a more aggressive goal. However, the daily timeframe still shows bearish structure, with the recent gains viewed as a pullback within a broader downtrend. A sustained breakout past the $1.42 swing high would be needed to flip the daily bias bullish, with the $1.25 level serving as a key threshold for conviction.