#SUI/USDT and Bitcoin Market Analysis at $110,000
As of June 10, 2025, at 5:55 AM CST, the cryptocurrency market is showing active trends. Bitcoin (BTC) has just broken through $110,000, setting a new all-time high and boosting market sentiment. The current price of SUI/USDT is $3.4290, up 4.83% from the previous day, indicating certain rebound momentum. Bitcoin's strong performance may trigger the arrival of altcoin season, indirectly boosting mid-cap cryptocurrencies like SUI.
From a technical perspective, SUI's price has rebounded from a low of $2.8467, reaching a high of $4.2999, indicating that buying power is recovering. The moving average (MA) shows the short-term average (MA5) at $37,986,592.2, with the price far below this level, but the increased trading volume (32,548,850.1) suggests heightened market participation. The RSI is at 62.5263, not yet overbought, indicating further upward potential; although the MACD remains weak, the gap is narrowing, hinting at potential reversal signals. Key support levels are between $3.20 and $3.30, while resistance levels are between $3.50 and $3.60, with a possible breakthrough or challenge at $4.00.
Behind Bitcoin reaching $110,000, institutional buying and market optimism are the main driving forces, but caution is needed for overbought pullback risks (potentially down to $105,000). For SUI, it is advisable to pay attention to changes in trading volume; if it continues to expand, consider increasing positions near $3.50, with a stop loss set below $3.20. Overall, the current market is in an upward channel, and investors should operate cautiously, closely monitoring technical indicators and macro factors.