- SUI regained the $12.18B market cap after the price went above the upper end of the Fibonacci retracement zone.
- RSI and MACD still indicate favorable conditions in the short term, but some signs and signals can be seen of a short-term correction.
- Adidas will launch a brand-new product on the Sui-based video game Xociety
SUI’s market activity increased after breaking from a descending parallel channel in the four-hour timeframe. The price broke out above the repeated declines of the upper trendline and headed for the levels of the resistance line. Based on the observed move, market players observed a sharply rising path to $1.344, indicating a potential increase of 23.61% from the breakout level.
However, activity in the markets continued at high levels due to the move, which indicated that more investors had taken an interest in the tendency to continue. Buyers held the gains above the past resistance, confirming the channel breakout as a trend reversal in the short term.
Market Indicators Reinforce Uptrend With Temporary Resistance Forming
SUI bounced back from the $10.80 billion market cap zone and gained momentum, according to a CoinMarketCap. The breakout occurred above key Fibonacci levels: 0.618, 0.5, and 0.236. The price increased to $12.18 billion, regaining past highs. This change of momentum came after a period of retracement established buyer strength. However, the price trades above all these important retracement levels, leaving room for possible consolidation.
The RSI on the 15-minute chart read at 67.35, below the overbought level of 70, but with extremely strong but declining buying power. The MACD histogram indicated a decreased momentum as the MACD and signal lines came closer together.
In addition, the market cap stayed at a moderate level of about $12.18 billion. These signals represent the short-term uncertainty, while it is possible to see further improvement or minor correction.
Adidas Partners With Xociety to Launch Game-Based NFTs on Sui
Additionally, with the surge of the SUI price action, SUI’s product developed a new cooperation in the digital domain. In an X post (formerly Twitter), Adidas launched an NFT collection linked to Xociety, a Web3 role-playing shooter game. These NFTs will be based on the Sui Blockchain, with the game’s clothing sets in mystery boxes. The launch of Minting begins on the 16th of May, 2025, at 9 a.m. ET on Tradeport, one of the several marketplaces on the Sui network.
In contrast, the project is based on Sui’s object orientation, which makes it cheaper and enables it to process transactions faster than an account-based system. It expands the list of possible methods to enhance the effectiveness of using the assets associated with the game. Adidas decided on Sui because it was a mass-producible and serviceable structure to produce and disseminate massive interconnectivity devices.
Furthermore, Xociety incorporates NFTs into game mechanics to serve as playable in-game items, purchases, or trades. Having explored the globalization of fashion branding, the partnership aims to reach audiences from the Asian, South American, and European regions. It further shows Sui’s constant engagement in offering a blockchain solution to deliver assets to gaming platforms.
