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๐ SUI Daily Analysis โ June 9, 2025
SUI is showing notable activity today with a price hovering around $3.32, reflecting a +3.43% gain in the last 24 hours.
๐น Market Snapshot:
Current Price: ~$3.32
24H Range: $3.19 โ $3.34
24H Volume: ~$595M
Market Cap: ~$10.87B
Circulating Supply: ~3.4B SUI
๐ Technical Overview:
Support and Resistance
Key support: ~$3.20 (and potentially $3.05 below)
Immediate resistance: ~$3.30 โ $3.39
Mixed Technical Signals
Bearish pattern (head-and-shoulders) may push price down to ~$1.60 if support fails.
However, RSI and Stochastic indicators show bullish momentum.
Some analysts predict a breakout toward $4.50 โ $5.00 if price stabilizes above $3.30.
Recent Positive News
Improved sentiment after a security upgrade post-Cetus incident.
A recent 5% rally followed by a minor correction suggests SUI is in an accumulation phase.
Price Targets from Analysts
Near-term target: $5.37
Mid-term projection: $10 (upon break above $3.38)
Long-term (optimistic scenario): $24, though concerns exist due to ~140M SUI monthly unlocks.
๐งฉ Summary Outlook:
Short Term: SUI is consolidating between ~$3.20 and $3.39. Watch for a confirmed breakout or breakdown.
Mid Term: If trading holds above $3.30 with volume support, $4โ5 is possible.
Long Term: Bullish fundamentals if ecosystem growth continues and token unlocks are managed wisely.
โ Quick Tips:
For Traders: Monitor the $3.20 support. A close above $3.30 could trigger a run toward $3.60โ$4.
For Investors: Long-term potential remains strong for believers in SUIโs tech and roadmapโdips may offer strategic entry points.
If you benefited from the post, click on the chart, buy, and take your profits.
