- A bullish hammer candlestick on the daily chart signals a potential price reversal in SUI crypto.
- Trump’s announcement to pause tariffs on Mexico boosted market sentiment.
- Analysts predict the SUI crypto price could break the $5 barrier, with some setting targets raised to $8.90.
The recent turmoil in the cryptocurrency market was severe. However, the SUI crypto has demonstrated remarkable resilience and stood out among its peers.
Following a liquidation event that shook the broader market, the SUI price recovered slightly. Meanwhile, the token also posed significant gains.
A prominent hammer candlestick has formed on the daily chart for the SUI/USD pair. This often indicated a potential reversal in price trends.
Bitcoin’s recovery to the $100,000 mark primarily fueled this upward movement. An optimistic post from Donald Trump on Truth Social regarding trade tariffs played its role, too.

As a result, investors who had earlier liquidated their assets due to trade tariffs and war fears quickly reversed gears. That created an opportunity to buy the dip. This shift in sentiment has contributed to the impressive performance of the SUI crypto amidst a challenging market landscape.
What Was The Donald Trump’s Truth Social Post All About?
During his previous campaigns, President Donald Trump made several promises aimed at reducing illegal immigration and curbing the flow of drugs into the US.
To fulfill these commitments, he imposed trade tariffs. He claimed that these measures were crucial for stopping illegal drugs and immigrants from entering the country.
According to the BBC, Canada and Mexico, as a result, saw trade tariffs increase by 25% on their exports to the US. At the same time, goods from China will incur a 10% levy in addition to existing tariffs.
The introduction of these trade tariffs was the reason that shockwaves were sent through the entire cryptocurrency market. It impacted Bitcoin (BTC), altcoins like Ethereum (ETH), SUI, and various other financial markets.

However, Donald Trump said on Monday via the Truth Social app that he will delay US tariffs on Mexican goods. He will halt the tariffs on them for one month.
This decision came after Mexico’s president promised to send 10,000 troops to the US-Mexico border to battle the influx of fentanyl.
SUI Price Recovery Led Substantial Gains In Its On-chain Metrics
Following a global recovery in the cryptocurrency market, investors seized the opportunity to buy the dip on Monday. This surge in buying activity led to a significant increase in total transactions throughout the day.

Also, SUI crypto price gains stood out with an impressive peak, increasing 25.73%. On the other hand, Ethereum and Solana posted more modest recoveries of 14% and 10%, respectively.
However, Bitcoin lagged with a gain of about 8%. Historically, the SUI price has demonstrated a remarkable ability to withstand and capitalize on market shocks.

The market may continue to show strength or stabilize against external pressures. If this happens, SUI could maintain its upward trajectory and test higher resistance levels.
Moreover, SUI crypto achieved impressive price gains. It also surpassed Trump (TRUMP), Binance Coin (BNB), and several other prominent cryptocurrencies in 24-hour trading volume. This marked a significant milestone for the Layer-1 blockchain, too.

Since May 2024, data from Coinglass indicated that derivatives volume reached an all-time high of $6.95 Billion. Additionally, this price surge suggested robust investor confidence and could signal further gains if the momentum persists.

Analysts have now predicted that SUI crypto could soon break the $5 barrier. Given its current trajectory, some were even eyeing higher targets shortly.
Analysts Are Highlighting Monster Recovery In SUI Price & Raising Targets
Analyst CryptoBullet1 recently highlighted that SUI price action. As per him, the token represented a minor comeback and a “monster recovery.”
He characterized the bullish hammer candle forming with a significant long wick. The SUI crypto rebounded after touching the 200-day long-term EMA band, signaling strong support.
Furthermore, the expert stated that SUI crypto has successfully captured all liquidity. This has risen since November 2024, and the trade volume throughout this rebound was significant.

He expressed the situation on charts very optimistic. He further stated in the community that he hopes to see the SUI crypto soar even higher, and he raised his target to $8.90.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Varuni has been in the web3 space for half a decade, witnessing the changing dynamics of DLT, Blockchain and Web3. With 8 years of journalistic expertise, she has a keen interest in emerging technology and their impact on society. She has published news and on-chain analysis articles on Nasdaq as well as some of the top web3, crypto news firms. Currently, she heads The Coin Republic as the Editor-In-Chief.