📈 Analysis and forecast for $SUI on Binance: further prospects? 📉
As of 10:51 EEST, June 22, 2025, the price of $SUI (Sui) on Binance is $2.5832, showing a decline of 5.43% over the last 24 hours. A decrease in trading volume and negative dynamics indicate a correction, possibly caused by overall market instability or profit-taking by investors.
Technically, $SUI is in a consolidation zone. On the 4-hour chart, the 50-day SMA is approaching the 200-day from below, signaling bearish momentum. The RSI (14) at 29.73 is in the oversold zone, which may hint at a potential reversal. Key resistance is at $2.83, a breakout of which could return growth to $2.99. Support is located at $2.53, below which is $2.24. Holding above $2.5832 maintains chances for recovery, but the risk of further decline remains.
Forecast: In the coming days, SUI may test support at $2.53–$2.55, with a chance of a rebound to $2.83 by the end of June 2025 if interest resumes. By July, a rise to $3.00–$3.50 is possible if the ecosystem continues to develop. The long-term outlook for 2026 is $10–$15+, provided there is growth in adoption and new partnerships. Risks include high volatility and dependence on market trends. Posts on X reflect mixed expectations: some see potential above $3.00, while others predict a drop to $2.24.
Further prospects? The drop of 5.43% and the price of $2.5832 are close to support at $2.53. Buying at $2.53 with a target of $2.83 and a stop-loss at $2.24 may be justified. SUI stands out due to its high throughput and support from Binance Labs. Keep an eye on news about the ecosystem!
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