The current price of SUI/USDT is 2.9239 USD, down 3.98% in the last 24 hours. The overall trend is clearly downward, with the price retreating from a high of 4.2989 USD, indicating strong selling pressure. In the short term, the price may fluctuate in the range of 2.71-3.02 USD, and may further drop to 2.32 USD next week, a decrease of about 23.27%. The support level is at 2.8051 USD, and if it breaks below, the trend could point towards 2.7 USD or even 2.56 USD (200-day SMA forecast). If it holds above 2.8 USD, a technical rebound may occur in the short term, with a resistance level at 3.0 USD. If broken, it may challenge 3.19-3.29 USD. The medium-term trend relies on the 50-day SMA (around 2.80 USD); if the price continues to stay below this level, downward pressure will persist. In the long term, the growth of the Sui ecosystem's TVL to 1.873 billion USD and the potential approval of the 21Shares SUI ETF may drive the price to the range of 3.0-4.0 USD, or even reach 10.80 USD by the end of 2025, but one must be cautious of macroeconomic risks.
Warning
Investing in cryptocurrencies carries high risks and may result in the loss of all principal. The market is highly volatile and influenced by macroeconomic and technical factors. Please carefully assess your risk tolerance and do not rely solely on this trend for trading. It is advisable to consult a professional financial advisor and set strict stop-loss orders. This analysis is based on data from June 15, 2025, 06:58 CST, and may change in the future.
