SUI Just Gave Bulls a HUGE Opportunity… Here’s What Happens Next

Added: 2026-05-24

[00:00:00]These past few weeks have been incredibly volatile for Sui. Originally, we were trading at about 90 cents and then we had a very quick rally all the way up to a dollar 40, but since then we have pulled all the way back down to a dollar and six cents. In today's video, I wanted to explain why this rally is actually very encouraging, what I expect to happen in the short and long term for this project, and last but not least, I will talk about the overall crypto market and some important things happening behind the scenes. Before I get into all though, this is Royalty Crypto and if you like Sui and other strong layer one blockchains, please do me a favor and smash that like and subscribe button.

[00:00:39]All right, so the first thing that I wanted to point out is the fact that Sui is not the only coin that had this sudden pump and dump in the last couple of weeks. We actually saw this same pattern play out on a lot of very strong altcoins, including coins like ICP, Zcash, and Render. Although some of you might be discouraged by the fact that we weren't able to hold these gains, I believe that the select few altcoins that did have this sudden pump are actually the ones that we should be focused on going into the next altcoin season. The reason I say that is because we know that a lot of retail traders have a ton of money on the sidelines right now and they are waiting to FOMO in until the time feels right. So, the fact that we did see a ton of excitement re-enter the Sui space in a relatively short period of time is definitely a good sign in my opinion. When you head over to CoinMarketCap, you can also see just how much 24-hour trading volume re-entered Sui. And when we did hit a dollar 40, we had over two billion dollars traded on this project in just one day. Now, since then, of course, we have pulled back down to about 500 million in the past 24 hours, but regardless though, guys, this is very exciting to see and in my opinion, this does prove that although Sui has had a very tough time in the last 8 months, that people are still excited about this project. And as long as people remain excited about this project, I do fully expect it to have a very parabolic rally within the next 6 to 18 months. Now, putting an exact price target on Sui is somewhat difficult. I think there is a real possibility that we could 10 to 15x from these current levels. So, I'll go ahead and say that my best-case scenario price target is anywhere between $10 to $15 for Sui. Now, of course, as I always say, please make sure to take profits on the way up because that price target is far from guaranteed and we would need to have a parabolic altcoin season in order for those levels to be hit. As long as you guys are subscribed to my channel and continue to watch my videos, I will let you know when I personally start to take profits so that we all make sure not to round trip our bags. All right, so why did we see this sudden excitement return to the crypto space? And then why did we see this significant pullback?

[00:02:56]Well, guys, if you have been following crypto news, we had a very significant catalyst happen last week and that was the Senate Banking Committee finally re-voting on the Crypto Clarity Act. The first go around didn't go according to plan because the banks ended up throwing some things into the bill that certain players in the crypto space, such as Brian Armstrong from Coinbase, disagreed with and that did push back this vote for quite some time. So, leading up until this vote, we did have a very significant rally because the market was anticipating that the Banking Committee would finally pass this bill and they ended up doing that. We passed with a total vote of 15 to nine. So, that was undoubtedly a very bullish thing for the overall crypto space and a step in the right direction for clarity throughout all altcoins. As soon as this vote did end up passing though, we ended up seeing a classic buy the rumor, sell the news event and we are still experiencing that as I speak. The reason for that, guys, is because whenever we see a very bullish thing happen in the crypto space, crypto bulls start to bet heavily on leverage, and that is exactly what we saw on the liquidation map. You can see that when we were up here at 82,000, so many people were betting on leverage that the price would continue. And what actually ended up happening is the bears stepped in and started to liquidate all of these people. Now, with that being said, though, I did want to point out that there is not very many longs left to liquidate, and bears are actually starting to regain a lot of confidence and bet with short leverage that the price is going to continue to drop. The reason why I say that that's a good thing is because typically the side that's betting the heaviest on leverage ends up getting absolutely wrecked. And what could end up playing out in the next couple of days is Bitcoin could actually surprise all of the bears that think that we're dropping back down to sub 70 and actually return to 80,000 and potentially even liquidate all of these bears up here between 82,000 to as high as about 84,500.

[00:04:56]If that does end up being the case, we will officially fill a CME gap, and we have the potential to break the bearish downtrend that we have been respecting since late 2025.

[00:05:08]So, say Bitcoin is able to form a bottom down here around the midway point of this ascending channel and actually start to trade back to the upside and hopefully break out of this ascending channel. This would be incredibly bullish for the short term for Sui. So, we could theoretically see this coin find a bottom around $1, which is a pretty heavy psychological resistance level, and then actually resume our uptrend and hopefully get well above $1.40 yet again. So, personally, guys, although this dip was a bit discouraging, to say the very least, I actually think that now is a fantastic time to potentially dollar cost average because we could be days away from yet another bullish breakout. Now, with that being said though, let's go ahead and talk about some macro catalysts that are taking place behind the scenes, because these do have the potential to either derail or support this thesis. Now, the main one here is of course the situation between the US and Iran that we have been dealing with since about February of this year. Now, Trump has said on multiple different occasions that he expects this war to be over soon. So, this statement could very well be a nothing burger, but earlier today Trump says that his timeline for Iran is that it will be done within the next two to three days. Now, of course, I don't believe that this situation will be over unless Iran agrees to everything the US wants, which seems a bit hard to believe as it currently stands. But yet again though, you never know. I do believe that we are getting much closer to this war being finished. I mean, we did see Iran reopen their stock market a few days ago for the first time in nearly 3 months. So, I think there is things happening behind the scenes that supports the idea of this ending relatively soon. If that is the case, I do fully expect the S&P 500 to continue its rally to the upside. We have seen a bit of weakness over the past couple of days, which is definitely not helping Bitcoin's price. But if the Iran war does end up finishing up, that would mean oil would likely drop down to pre-2026 levels, which would overall reduce inflation and increase the likelihood of potential rate cuts. All of these things would be incredibly bullish for risk-on assets. So, let's keep our fingers crossed that this timeline actually holds up. All right, and then the last thing that I wanted to touch on one last time is the fact that Cal-Shy is giving a 70% chance that the Crypto Clarity Act will be passed into law at some point this year. Now, the reason why this is incredibly bullish in the short term is because we do have a Senate vote most likely taking place within the next month. As long as these odds do stay relatively high, I could see yet another buy the rumor, sell the news event leading into this vote, which could cause Bitcoin to at the bare minimum get back up to the top side of this ascending channel, if not break above it and head back up to 90 to potentially even a hundred thousand dollars. And if we do see this buy the rumor, sell the news event leading up to this vote, I could see a real possibility where Sui actually trades up to about a dollar fifty to even as high as two dollars in the relatively short term. So guys, as I always say, stay strong, stay bullish and ignore the fud.

[00:08:23]And right now we have seen a lot of fear re-enter the crypto space. As you can see, we are currently sitting in extreme fear on this index. So historically, now is the time to dial in, resume your dollar cost averaging, and counter trade the entire market. All right, guys, that's going to do it for today's video.

[00:08:41]Thank you so much for tuning in as always, and I'll be back tomorrow.