🚀 Analysis and forecast for $SUI : is it worth entering now? 📉
As of May 19, 2025, at 10:56 EEST $SUI it is trading at $3.7, showing a decline of 3.5% over the last 24 hours. The market capitalization is $12.35 billion, and the trading volume on Binance is $1.29 billion. After a weekly decline of 3.4% (according to CoinGecko), the token is showing signs of weakness, but the prospects remain interesting.
Technically, on the daily chart $SUI it is in an ascending channel, but has recently pulled back to the lower boundary ($3.50). The support level at $3.50 seems key — holding it may signal a reversal. Resistance is at $4.00 and $4.50. RSI (60.42) is neutral, but the decrease in trading volume (by 17.58%, according to posts on X) indicates market caution. MACD is not giving a clear signal yet.
Forecast: in the short term (until July 2025) SUI could reach $4.50 if it breaks $4.00, especially considering the growth of the ecosystem (e.g., the launch of YBTC on Sui). The medium-term target for the end of 2025 is $5.63 (according to CoinLore). The long-term forecast (2030) suggests growth to $12.89. However, a correction to $3.00 is possible with increased selling pressure.
Time to enter? The current price is close to the support of $3.50, making it attractive for a low-risk entry, but it's worth waiting for confirmation of a reversal (e.g., a bullish candle).
📢 Advice: Set a stop-loss at $3.45 and keep an eye on network news. #SUI🔥 #Binance #CryptoAnalysis
