Key Takeaways
- Sui Current Status: Sui price is currently priced at , marking a 1.5% increase over the past 24 hours and a 15.9% rise over the past week. Its market cap has reached $6.55 billion, with a circulating supply of 2.84 billion SUI. The Fear-Greed Index indicates market sentiment is at a “Greed” level of 69, suggesting a strong bullish outlook.
- Market Performance: Sui price has seen a steady increase in trading volume, currently at $972 million, reflecting high investor interest and liquidity. The token’s recent all-time high stands at $2.38, positioning it just shy of this record as it eyes further gains. SUI price movements have shown a healthy mix of stability and growth, with 53% of the past month marked as “green days.”
- Technical Analysis: Sui price’s immediate support levels are positioned at $1.68, $1.5, and $1.21, while resistance levels at $2.27, $2.45, and $2.74 may define its upward journey. The 50-day and 200-day Exponential Moving Averages at $1.83 and $1.35, respectively, suggest an ongoing uptrend. The Relative Strength Index (RSI) is at 63.03, indicating that buying pressure remains high, but the token is not yet in overbought territory.
- SUI Price Predictions: For November 2024, Sui price is expected to range between $2.2 and $2.6, possibly benefiting from the bullish momentum seen in recent months. If Sui price breaches the $2.6 resistance, it could enter a phase of price discovery with room for further highs. December predictions place Sui at around $2.5, where consolidation may occur as investors secure profits, although a breakout could push the price higher.
- Future Outlook: Looking ahead to 2025 and beyond, Sui price is projected to see steady growth, potentially reaching $4 to $5 by 2025 as blockchain adoption fuels demand. The token may face some consolidation in 2026 but is expected to resume upward momentum, possibly hitting $10 by 2029 if current trends persist. By 2030, with ongoing adoption, Sui could be positioned as a leading digital asset, with prices potentially reaching between $15 and $18.
Where will Sui Price Head Next?
- In early 2024, Sui price experienced a significant rally, climbing over 160% from the start of the year through the end of March in line with the broader crypto market.
- However, since then, Sui price followed a bearish trend, erasing its early-year gains and reaching new year-to-date lows around $0.47.
- Starting in August, Sui price began to recover, more than doubling from its August lows and is currently trading just above the key psychological support level of $2 – around $2.3 as of writing. This is after having created a new all-time high near $2.39.
- For a sustained recovery, Sui price must break the $2.5 psychological resistance level and hold momentum long enough – and since this is practically uncharted territory, volatility may be high.
- If these conditions are met, we could see targets exceeding $2.75 by the end of the month, with potential for further gains up to $3 by the end of 2024.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$1.68 / $1.5 / $1.21
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$2.27 / $2.45 / $2.74
|
|
50-day EMA |
$1.83
|
|
200-day EMA |
$1.35
|
|
RSI level |
63.03
|
|
MACD level (Signal Line) |
0.01 |
Sui Price Prediction November 2024
November 2024 may see the continuation of the bullish momentum from October, with Sui price expected to range between $2.2 and $2.6. The spillover from the “Uptober” hype could keep the market in a strong uptrend, with SUI pushing towards new highs. Technical indicators such as the Bollinger Bands might widen, indicating increased volatility as buyers dominate the market. The $2.6 level could act as a resistance point, but if breached, SUI price may enter a new price discovery phase. Traders should keep an eye on volume trends and RSI for signs of potential overbought conditions.
As the year draws to a close, December 2024 might see SUI price stabilizing around the $2.5 mark, following two strong bullish months. While the momentum from previous months could carry SUI price to test the $2.5 resistance, a softer tone might prevail as traders lock in profits, leading to some consolidation. The $2.5 level will serve as a significant psychological barrier, and any sustained move above it might require strong market catalysts. With moving averages potentially flattening, the market could enter a sideways trend, setting the stage for new dynamics in the upcoming year.
Sui Price Prediction 2025
In 2025, SUI price is expected to trade within a range of $4 to $5, marking a period of steady growth. This year may see SUI price capitalizing on the broader adoption of blockchain technologies, which could drive demand for the token. Technical indicators like the Exponential Moving Averages (EMAs) might indicate a sustained uptrend, with the $5 mark acting as a potential resistance level. Should SUI break above this level, it could trigger a further rally, although any pullbacks might find strong support around $4, solidifying this price range as a crucial zone for the year.
The year 2026 could bring some consolidation for SUI price, with its price predicted to range between $3.5 and $5. Following the growth of the previous year, the market may experience periods of profit-taking, leading to some price corrections. The $3.5 level is expected to serve as a solid support, while the $5 resistance may be tested multiple times throughout the year. Market conditions such as changes in global economic sentiment and regulatory developments might influence Sui price movements, but a range-bound scenario with occasional bullish bursts is likely, driven by ongoing adoption and technological advancements.
In 2027, Sui price may experience a more tempered outlook, with the expected range between $2.75 and $4. This year could see the market entering a phase of consolidation or even slight retracement, as the crypto space adjusts to new macroeconomic conditions and market saturation. The $4 level might present a challenging resistance, while the $2.75 support could be tested in the face of broader market corrections. Moving Average Convergence Divergence (MACD) and RSI may indicate a mixed sentiment, suggesting a cautious approach for traders as SUI price navigates a potentially volatile landscape.
The year 2028 could herald a period of renewed bullish momentum for SUI price, with prices predicted to move between $4.5 and $6. As blockchain technology becomes further integrated into various industries, SUI price might experience increased demand, pushing the price towards the upper end of this range. Technical analysis might reveal a strong uptrend, with the $6 level acting as a significant resistance. Fibonacci extensions could highlight potential breakout targets, while the $4.5 support is likely to provide a solid foundation for any price corrections. Traders may find opportunities in this upward trajectory, with market sentiment favoring bullish scenarios.
In 2029, SUI price could reach new heights, with its price expected to fluctuate between $8 and $10. This year might witness significant milestones in SUI’s development and adoption, driving the token’s value higher. The $10 mark may serve as a major psychological barrier, but strong bullish sentiment and increased trading volumes could facilitate a breakthrough. Technical indicators like the Ichimoku Cloud may point to sustained bullish momentum, while support at $8 could act as a safety net during any pullbacks. This period might be characterized by high volatility, offering potential rewards for traders attuned to market shifts.
By 2030, SUI might be positioned as a leading digital asset, with its price anticipated to range between $15 and $18. This year could be pivotal, as SUI potentially benefits from widespread blockchain adoption and integration into mainstream financial systems. The $18 level might emerge as a crucial resistance, with the possibility of SUI entering price discovery if this barrier is surpassed. Technical analysis could reveal strong support around $15, with moving averages pointing to a robust uptrend. As SUI navigates this transformative year, traders and investors might witness significant price movements, reflecting the token’s growing importance in the crypto landscape.
Will the Sui Price Rise Again in 2024?
Will the Sui Price Rise Again in 2024?
The SUI price manifested extreme strength even in times when the markets were trapped under bearish influence. Now that the bulls have reclaimed their dominance, the price is believed to remain elevated for the rest of 2024.
