Sui (SUI) is gaining fresh market attention as analysts highlight growing bullish momentum backed by strong technical signals and improving ecosystem fundamentals. However, they warn that the token must maintain a key support level to keep its upside scenario intact.
Market Expert Ali Martinez Flags Bullish Path to $4.20, But Warns of Key Invalidations
Market expert Ali Martinez fueled optimism recently after posting a new SUI price chart on X, projecting that the token could be preparing for a run toward $4.20, provided it first breaks higher and reaches the $2.60 zone. Martinez stressed that the bullish thesis remains valid only if SUI stays above the crucial $1.60 support, noting that a breakdown below this level would invalidate the setup entirely.
Martinez’s confidence is not new. On January 2, 2026, he highlighted a buy signal appearing on its bi-weekly chart, reiterating that the last two times this indicator flashed, the token staged explosive moves of 388% and 617%, respectively. The reappearance of the signal has been a key driver of renewed bullish discussions around the token.
Broader Market Tailwinds Strengthen Bullish Case
Analysts note that macroeconomic tailwinds and potential institutional catalysts are strengthening SUI’s momentum. A significant factor is the anticipated SEC approval of spot SUI ETFs, which have been filed by Bitwise and 21Shares. If approved, these ETFs would open the token to regulated institutional inflows similar to the patterns seen in previous spot crypto ETF assets.
Further reinforcing the bullish thesis is that the fundamental growth in the Sui network continues to strengthen. According to DeFillama, the network’s TVL has risen 2.66% in the past 24 hours and now stands at $1.05 billion, signaling a fresh influx of capital into its DeFi ecosystem.
This increase reflects sustained investor confidence and deepening liquidity across Sui-based protocols, reinforcing the bullish thesis.
SUI Price Action: Critical Support Defines the Path Forward
According to CoinMarketCap, SUI has seen a 2.07% increase in the past 24 hours, trading around the $1.82 mark. Thus, it remains within a stable bullish range and is far from the critical $1.60 support zone.
Therefore, with sustained bullish momentum, the token could experience a rapid surge to $2.60, which would pave the way for the $4.60 mark. Meanwhile, aside from Martinez, other experts are also projecting a bullish outlook on the token, with one of them, identified as DonWedge, projecting a surge to a new all-time high above $7.
The CoinRemark Team
