Sui price has been experiencing a downward trend in recent times, with a 42% drop from its peak value. Currently, SUI is near a critical support level of $3. Despite these challenges, analysts suggest that the meme coin could see a potential surge of 35% in the near future amid ongoing bearish market conditions.
Experts Predict 35% Surge for Sui Price in the Near Future
Crypto analyst Ali recently shared his market analysis on SUI price, indicating a potential price move of up to 35%. According to his tweet, the chart shows the token forming a symmetrical triangle pattern, often suggesting an imminent breakout.
Ali highlighted that SUI has been fluctuating between $3.00 and $3.50 over the past several days. As it nears the apex of the triangle, the price action is becoming more confined. Historically, such patterns have been a precursor to a significant price movement.
The analyst pointed out that if the trend continues, the Sui price could see a breakout to the upside, possibly targeting the $4.00 level. This projection suggests an increase of roughly 35% from the current price point, potentially offering traders a window for substantial returns.
SUI Token Hits $350 Billion in Volume, Soars 12% in 30 Days
Sui price has shown remarkable growth, reflecting a significant surge in its trading activity. The SUI token has reached an impressive $350 billion in total swap volume, marking a substantial increase of 12% over the past 30 days.
This spike in trading volume highlights the rising interest in the token, despite the the crypto market decline.
The volume surge comes amidst a growing market enthusiasm surrounding SUI. Over the last month, the token has seen accelerated activity, with February 24, 2025, recording a notable high of $350 billion in volume.
SUI Price Analysis
The Sui price hovered at $3.0284, showing a 0.60% decline in the past 24 hours. The 4-hour time frame indicates a significant downtrend as the price dropped below the $3.50 resistance level. The top coins like BTC, ETH, and XRP follow the path, seeing slight market corrections and struggling to recover.
The Relative Strength Index (RSI) stands at 31, indicating an oversold condition, which could hint at a potential reversal in the near term. The Moving Average Convergence Divergence (MACD) shows a bearish crossover, as the MACD line (blue) is below the signal line (orange), confirming the ongoing downtrend.
Resistance levels are observed at $3.50 and $4.00, with $4.50 marking the upper range. If the price fails to reclaim these levels, SUI may continue to face downward pressure towards the $2.50 support.
Sui price may surge by 35% in the coming days despite ongoing crypto market challenges. With growing interest and a potential breakout, the token could target $4, offering traders significant opportunities.
The post Sui Price Set to Surge by 35% in the Coming Days Amid Bearish Market appeared first on CoinGape.
