๐ Analysis and forecast for $SUI on Binance: what are the further prospects? ๐
As of 18:14 EEST, June 29, 2025, the price of $SUI on Binance is $2.818, showing a growth of 2.57% over the last 24 hours. Stable trading volume and positive sentiment reflect the growing interest in Sui, an innovative layer-1 blockchain platform supported by Binance.
Technically, $SUI is in an upward trend. On the 4-hour chart, the 50-day SMA crossed above the 200-day SMA, signaling bullish momentum. The RSI (14) at around 58 indicates a neutral-bullish zone with growth potential. Key resistance is at $2.85, a breakout of which could lead to $3.00. Support is located at $2.70, below which is $2.60. Holding above $2.818 maintains optimism.
Forecast: In the coming days, SUI may test the resistance at $2.85, with a chance to rise to $3.00 by the end of June 2025 if momentum is maintained. By July, a rise to $3.20โ$3.50 is possible if interest in scalable blockchains continues to grow. The long-term outlook for 2026 is $5.00+, provided the ecosystem develops and market trends remain favorable. Risks include volatility and a possible correction following the recent decline from a peak of $5.35 in January 2025. Market sentiment, including posts on X, shows moderate optimism with forecasts above $2.85, although some traders warn of consolidation.
Prospects? A rise of 2.57% and a price of $2.818 are close to the resistance at $2.85. Buying at $2.70 with a target of $3.00 and a stop-loss at $2.60 may be justified. SUI stands out due to its high transaction speed and support from Binance, attracting investors. Keep an eye on news about network developments and community activity!
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