SUI, a blockchain project that many now call Solana’s biggest rival, is suddenly back in the action. Over the past week, its price has jumped nearly 25%, going from $1.86 to around $2.32. But this quick surge is just part of a much bigger picture. Several signs are pointing to something much bigger on the horizon for this rising Sui token.
Sui Stablecoin Inflows Hit Record High
SUI was once seen as one of the worst-performing assets this year, with its price falling nearly 60% since January. But things started to change in March and April, as the token began showing signs of a strong comeback.
In the last week alone, the SUI network saw a major jump in stablecoin activity. Around $60 million worth of stablecoins flowed into the network in just 24 hours, marking a new record.
This surge has now placed SUI among the top blockchain networks when it comes to stablecoin inflows, even outpacing giants like Ethereum and Solana.
SUI Showing Strong Bullish Signals
Adding even more excitement, popular crypto analyst Raoul Pal has shared a very bullish outlook for the token. Looking at the SUI’s 1-day price chart, Pal believes the coin is close to breaking out of a downward trend and may be ready for a strong rally.
Supporting this view, another well-known crypto trader, Capital Faibik, points to a “falling wedge” pattern forming on SUI’s chart. This pattern often signals a breakout, and if that happens, he believes the price could surge to around $4.80.
Big Prediction: SUI to $10?
But the most eye-catching prediction comes from investment giant VanEck. The firm, which manages over $116 billion in assets, says SUI could rise by more than 350% and hit $10 by the end of 2025.
This prediction seems more likely now, as Canary Capital Funds has just filed for the first-ever SUI token ETF. This move could attract institutional investors, which usually helps the asset grow in the long term.
SUI Price Analysis
As of now, SUI is currently trading at $2.32, showing a 1.5% increase in the last 24 hours, with the market cap reaching $7.5 billion.
Looking at the charts, it’s clear that the bulls are in control. The RSI has jumped from 48 to 68, indicating renewed buying activity. Plus, the MACD has turned bullish, showing that the trend could continue its upward trajectory.
The token recently broke past a critical resistance at $2.25, a level that now offers solid support. If SUI keeps pushing forward, the next resistance point to watch is $2.78. A breakout above this could lead to a rise toward $3.17.
Bitcoin slid 0.7% on Sunday, May 4, falling below $96,000 for the first time since midweek. The drop marks a second consecutive day of losses, following a strong institutional-led rally that pushed BTC to a 70-day high of $98,200 on Friday, per Coingecko data.
Despite reclaiming a $2 trillion market capitalization briefly, Bitcoin’s bullish momentum has stalled, coinciding with soft weekend volumes and renewed macro uncertainty.
On a weekly basis, Bitcoin is still up 4.5%, while 30-day performance remains strong at 12.8%, supported by ETF inflows and renewed accumulation from U.S. corporate treasuries.
However, resistance around the $98,000 level has proven tough to break, especially in the absence of clear macro tailwinds.
At the same time, Ethereum’s inability to hold above $1,900 and declining futures trading volume across top exchanges like Binance and CME further confirm the cautious short-term sentiment over the weekend.
DeMark Warns: Bear Market in U.S. Stocks Could Be Imminent
Tom DeMark, creator of the TD Sequential indicator and a trusted technical advisor to major hedge funds, has issued a fresh warning: a U.S. stock market top is imminent and could give way to a full-blown bear market within months.
DeMark, who accurately predicted the February top and April low in the S&P 500, says the index is showing clear signs of exhaustion.
S&P 500 Technical Analysis | DeMark/Market WIT
His analysis highlights that two more closing highs in the S&P 500 would complete a 9-count exhaustion cycle, a historically reliable signal for trend reversals.
Once this occurs, DeMark expects a retracement below 4,835 the intraday low from Aprilrepresenting a 20%+ drop from February’s highs.
“A top is imminent. Too much technical damage has been done,” DeMark said,
He also, added that the market remains vulnerable to improvement in global trade outlook or liquidity conditions.
What’s Next: Will DeMark’s Prediction Derail Bitcoin’s $100K Target?
Bitcoin price correlation to traditional markets, especially the S&P 500, has become increasingly relevant in the current macro environment.
On February 19, when China imposed retaliatory tariffs and global markets dipped, Bitcoin’s correlation to the S&P 500 fell to a yearly low of 0.27%. At the time, BTC acted as a partial hedge, decoupling from equities.
Bitcoin vs S&P 500 Price Correlation
However, President Donald Trump’s softening stance on tariffs and aggressiv push for rate cuts, have boosted broader market sentiment in recent weeks.
As a result, the BTC/S&P 500 correlation has surged, reaching 0.82% at press time.
This implies that Bitcoin may now respond more directly to U.S. equity moves than earlier this year.
If the market correction predicted by DeMark is driven by geopolitical tensions or inflationary trade tariffs, Bitcoin could attract safe-haven flows and maintain upward momentum.
Historical data shows BTC often benefits from global instability and monetary easing.
On the other hand, if the S&P 500’s decline stems from systemic risk such as a recession, financial contagion, or an energy shock.
Bitcoin may not be spared. In such scenarios, investors typically flee risk assets broadly, and BTC could experience significant drawdowns.
Conclusion: Bitcoin’s $100K Outlook Hinges on Crash Catalyst
Bitcoin’s $100K target and sustained $2 trillion market cap remain within reach, but macro risks are now front and center.
Whether Tom DeMark’s bear market call derails the BTC rally will largely depend on what drives the next wave of equity losses.
If it’s policy or trade-related, Bitcoin may rally as a hedge. But if the downturn it triggered by deep economic stress, recession or energy crisis, Bitcoin price could fall with the pack, as Demark predicts
HTX, a leading global cryptocurrency exchange, unveiled its next-generation “Crypto Loans 2.0” product on May 19.
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Unlock Multiple Benefits with HTX Loan Products
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Cardano has traded within a tight range over the past week as the broader crypto market attempts a recovery. It has faced resistance at $0.75 and found support at $0.69.
Despite the price consolidation, on-chain data reveals a strengthening bullish bias that could pave the way for an upward breakout.
Cardano Stuck in a Range—HODLing Points to a Potential Breakout
Amid ADA’s sideways price movements over the past week, investors have increased their holding times. According to IntoTheBlock, holding time has increased by 77% during the review period.
An asset’s coin holding time is a metric that tracks the average duration of time its tokens are held in wallet addresses before being sold or transferred.
As this time spikes, it signals Cardano holders are opting to hold onto their assets rather than sell. This suggests growing confidence in the asset’s long-term potential. If the trend persists, it could reduce selling pressure and cause ADA to attempt a break above the resistance at $0.75.
Additionally, ADA’s Network Realized Profit/Loss (NPL) remains negative, meaning most Cardano holders would incur losses if they sold now. At press time, this indicator stands at -2.33 million.
This metric measures the total profit or loss realized by investors when they move their coins on-chain, indicating overall market sentiment. When NPL is negative, more investors are at a loss, reducing the incentive to sell.
This would help reduce selling pressure in the ADA market and increase the likelihood of a potential rebound as more investors hold onto their assets instead of realizing losses.
ADA’s Next Move: Break Above $0.75 or Drop to $0.65?
At press time, ADA trades at $0.71. The horizontal trend of its Relative Strength Index (RSI) on the daily chart confirms the coin’s sideways movements.
The RSI indicator measures an asset’s oversold and overbought market conditions. When it is flat, as with ADA, it indicates a balance between buying and selling pressure, meaning there is no clear momentum in either direction. This suggests market consolidation, where the asset trades within a range without strong bullish or bearish dominance.
However, with the steady uptick in ADA accumulation, a break above the resistance at $0.75 could be on the horizon. If successful, ADA could rally toward $0.77.
