Sui ( $SUI ) is valued slightly at $3.96 USDT with a total of -0.7% loss in 24hrs. The range for the day’s trading has been from high of $4.03 to a low of $3.86, which is a normal volatility in the market.
📊 Technical Overview
- Relative Strength Index (RSI): Currently here at 71.36, the RSI gives us that SUI is in the stretch for overbought area and may lead to some price correction.
- Average True Range (ATR): ATR at 0.2788 thus suggests an average volatility level characterized by the recent price movements.
- Average Directional Index (ADX): At a value of 39.04, the ADX indicates a strong prevailing trend which is confirmed by the present bullish momentum.
- Moving Averages: SUI is above its 50-DMA and 200-DMA backing up the bullish prospects.
📈 Market Sentiment & Forecast
Analysts expect SUI may push higher, with short-term price targets set at between $4.00 to $4.18. This bullish sentiment is further confirmed by breakout from a bearish flag pattern and bullish engulfing formation on the weekly chart.
On the long-term projections, SUI can go as high as $7.01 at the end of 2025, if there is a following of the bullish momentum.
🔍 Ecosystem Developments
There is immense expansion in Sui’s ecosystem that has seen the Total Value Locked (TVL) rise to $1.812B, representing 1.19% increase in the 24 hours. Further, daily volumes of distributed(exchanged) in the form of decentralized exchanges has skyrocketed to come around $497.7 million, and the value of the stablecoins in the network is $882.64 million where liquidity and usage is increasing.
✅ Conclusion
Sui (SUI) is displaying positive bullish momentum that is supported by positive technical figures and good ecosystem growth. Traders and investors need to follow critical resistance levels of $4.18 and $3.55 as support levels closely if they are to guide themselves through possible price actions.