Sui Price Gets Bold 20 Target Call as Analysts Eye Support and Stablecoin Growth

Sui (SUI) is retesting the bottom of its ascending weekly price channel, where it previously launched a sharp rally, according to analyst Ali.

He noted that the last time SUI touched this lower boundary, the token climbed about 1,060% from its base.

Sui Price Channel Projection To 20 USD. Source: Ali charts on X

Now, Ali says the same channel support is back in play as SUI trades near the lower trendline once again.

In his view, holding this area on the chart opens the door to an extended advance, with an upside projection near $20, or roughly 860% above current levels.

However, the scenario still depends on the support zone remaining intact. If sellers push SUI decisively below the channel floor, the bullish roadmap Ali outlined would lose its technical foundation.

Sui trades below 20-week average as analyst points to stablecoin growth

Sui (SUI) is trading well below its 20-week moving average, a gap that analyst Michaël van de Poppe says highlights how far the token sits from its recent mean price.

He noted that a similar distance from the moving average in March–April 2025 preceded a gain of more than 100% shortly after.

At the same time, SUI is hovering over a higher-timeframe support zone that traders already watch as a key area to build positions.

Sui Weekly Support And 20 Week Moving Average Gap. Source: CryptoMichNL on X

Van de Poppe added that Sui’s fundamentals continue to develop, particularly in decentralized finance.

The network recently saw the launch of USDSui, a fiat-backed, yield-sharing stablecoin issued by Stablecoin, a Stripe company.

According to the analyst, conversations at New York Blockchain Week underscored that institutional demand now centers on stablecoins after the approval of the Genius Act.

In that context, he argued that Sui’s combination of technical support, distance from the 20-week average and growing stablecoin activity strengthens the case that the current range reflects undervaluation rather than a completed cycle.