Sui price rallied to a 4-month high of $1.41, becoming one of the best-performing major crypto assets on Monday. Summary SUI rallied nearly 40% to a four-month high of $1.41 after breaking out of a bullish symmetrical triangle pattern on the daily chart. Nasdaq-listed SUI Group Holdings staked 108.7 million SUI tokens worth roughly $143 million, removing nearly 2.7% of the circulating supply from the open market. Over $3.13 million in trader liquidations, mostly from short positions, amplified SUI’s rally as Peter Brandt and other analysts signaled a potential long-term bottom for the token. According to data from crypto.news, Sui (SUI) price rallied nearly 40% from $1 to $1.41 on Monday before stabilizing near $1.27 at press time. At this price, the token remains nearly 35% above its value in the past three months. Several catalysts appear to have driven the sharp breakout above the $1 figure, including a bullish breakout from a symmetrical triangle pattern on the daily chart. A bullish breakout from such a pattern often signals a massive trend reversal and can lead to a sustained period of price appreciation as buyers gain control. Sui price has broken out of a symmetrical triangle pattern on the daily chart — May 11 | Source: crypto.news First, Sui has been gaining strong momentum from several institutions, which has attracted investors’ attention towards its growing ecosystem. Notably, Nasdaq-listed SUI Group Holdings moved its entire treasury of 108.7 million SUI tokens, worth approximately $143 million, into direct staking on the network. This has effectively removed nearly 2.7% of the circulating SUI supply from the open market and has created a supply squeeze, which significantly bolstered the price. Adding to the optimism at the Consensus 2026 conference, Mysten Labs co-founder Adeniyi Abiodun revealed that confidential transactions for private payments and fee-free stablecoin transfers will launch on the Sui network later this year. These features would offer users unprecedented privacy and cost efficiency. Meanwhile, African fintech giant Paga announced on the same day a deep integration with Sui to power cross-border payments using stablecoins. Second, Sui’s sudden price surge triggered roughly $3.13 million in liquidations from exchange traders, with nearly 90% coming from short positions. This then forced short sellers to buy back the token, pushing SUI prices even higher in a classic short squeeze scenario. Third, multiple market analysts, including Peter Brandt, have identified a weekly bottom for SUI on May 11, and have predicted a significant price increase for the token in the upcoming sessions as it moves into a new phase of growth. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
