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SUI target price of US$0.75, Hashi test network boosts Bitcoin network activity

2026-08-11 12:48:41
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Market momentum strengthens

SUI prices are showing new bullish momentum, thanks to growing buying pressure and weakening selling interest. As network participation increases, SUI's recent technical advances, especially the expanding Hashi test network, are attracting more attention from the encryption community. SUI currently trades at $0.6919, down 1.65% in the past 24 hours. Its market value is US$2.82 billion and its 24-hour trading volume is US$177.89 million. Despite the short-term correction, analysts remain optimistic about the possibility of a trend reversal.

Crypto Signal pointed out that SUI's recent trading activity shows that bullish momentum is rising as buying volume increases. Technical indicators also seem to indicate an improvement in trader sentiment. The token's positive price structure and growing trading volume suggest selling pressure is weakening, providing a more solid foundation for potential short-term gains as buyers regain confidence. Analysts have identified $0.75 as the next resistance level to focus on. They believe that continued strengthening demand may allow SUI to break through this barrier and regain investor interest. However, achieving this target depends on continued momentum and increased trading activity, which is expected to further support the bullish trend.

Hashi Test Network Integration with Bitcoin Signet

A key factor driving SUI's network activity is the expansion of its Hashi test network. Just three weeks after launch, Hashi has processed more than 1.1 million deposit transactions and approximately 165,000 withdrawals, demonstrating strong developer engagement and infrastructure testing. In the Bitcoin Signet test environment, the impact is more significant. SUI reported that in the past two weeks, Hashi testnet transactions have accounted for more than half of all Bitcoin Signet transactions. This high-intensity testnet stress test shows that developers are actively evaluating the deposit and withdrawal mechanisms on the SUI Bitcoin framework.

SUI's data emphasizes that continued Hashi testnet operations have enhanced market confidence in its Bitcoin network infrastructure and consolidated the platform's progress in expanding transaction capacity and building a broader ecosystem. Although recent price movements have remained neutral, the broader market environment has also put pressure on SUI's short-term prospects. The decline in bitcoin prices has affected the sentiment of the entire altcoin sector, causing SUI to basically follow the trend of the broader market in the short term.

Prospects and technical considerations

Despite market volatility, the future direction of SUI still depends on buying pressure and continued growth in trading volume. If these conditions are met, SUI is expected to try again to break through the $0.75 barrier, thereby attracting more market participants. Market observers continue to emphasize the importance of network milestones and volume dynamics when assessing short-term price movements. Tools such as CryptoAppsy that help traders monitor such indicators in real time are becoming increasingly valuable to investors. CryptoAppsy allows users to integrate crypto investments into a single dashboard, accessing real-time prices, detailed charts, and multi-currency portfolio management. Instant price alerts, precise news and the discovery of new altcoins help market participants respond quickly to technical signals and macro updates such as the Federal Reserve interest rate.

For now, the short-term fate of SUI will depend on whether it can hold current price levels and regain upward momentum, with the market's eyes focused on progress in the technological form and its evolving ecosystem.

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