SUI Wallet Growth Breaks 6-Week Lull: Is a $5 Price Rally Next?
The post SUI Wallet Growth Breaks 6-Week Lull: Is a $5 Price Rally Next? appeared on BitcoinEthereumNews.com.
TLDR: New SUI wallet creation surpasses 600K, ending six weeks of stagnant growth. Technicals show SUI testing 50, 100, and 200-day EMAs near a Bullish Flag resistance zone. SUI has gained 15% in a week, now trading at $3.00 with potential breakout toward $5. On-chain growth and ecosystem activity may support continued price momentum. SUI’s user base has shown a sharp reversal, with new wallet growth breaking a six-week stagnation. This structural breakout indicates shifting momentum in the ecosystem. Alongside growing on-chain activity, technical signals suggest rising interest among investors and traders. SUI’s price now tests a major resistance zone, where bullish patterns point to a potential rally. Together, wallet activity and technical setups show renewed energy in the SUI crypto market. New SUI Wallet Surge Marks Change in User Behavior Recent data shows a clear shift in new SUI wallet creation. The number of daily new accounts surpassed 600,000, ending six weeks of flat growth. According to @eyezenhour, this marks a critical “change of character,” often seen before network acceleration. New account growth on $SUI just broke its multi-week pattern. This marks the first clear structural reversal After 6 weeks of sideways action, we finally have a clean breakout in wallet creation Here’s what to know Structure: Flat accumulation base since mid-May… pic.twitter.com/QDFy793iE5 — eye zen hour (@eyezenhour) July 3, 2025 The breakout above the 600K level shows elevated user demand and growing interest in SUI. Analysts view wallet growth as a leading indicator of broader activity within the blockchain ecosystem. The six-week accumulation period appears to have resolved with a sharp upside move, suggesting further expansion in user adoption. While user growth rises, technical indicators also support the bullish trend. Crypto analyst Alex Clay noted that SUI is now testing a confluence of key resistance levels. #SUI is…
