SUI/USDT Price Analysis and Market Outlook
As of July 3, 2025, 2:50 PM CST, SUI/USDT has shown a strong upward trend on the four-hour and daily charts. The current prices are $3.0256 and $3.0230, with a 24-hour increase of 11.17% and 11.07%, indicating significant buying power. The price has risen approximately 18.5% from $2.5501, breaking through the key resistance level of $3.00, with trading volume also increasing, supporting the bullish trend. In terms of technical indicators, the 5-day moving average has crossed above the 10-day average, and the MACD is positive, indicating strong upward momentum. However, the RSI has entered the overbought zone (K value over 80), suggesting a potential pullback risk in the short term. The support level is around $2.7242, and resistance is near $3.2989.
Market sentiment is positive, partly due to the favorable news of the recent ETF launch by Cetus Protocol. However, the cryptocurrency market is highly volatile, requiring cautious responses. In the short term, it is recommended to monitor the $3.00 support; if it stabilizes, a low buy could be considered; if it breaks through $3.30, further upward movement could be anticipated. In the long term, macroeconomic factors and market capital flow should be observed.
Disclaimer: This article is for reference only and does not constitute investment advice. Cryptocurrency trading carries high risks and may result in total loss of funds. Please conduct thorough research based on your own risk tolerance and consult a professional financial advisor when necessary. Market conditions can change rapidly, and investment decisions should be made with caution.
