Current price and short-term movement$SUI :-
• The current price is around 3.61 USD, with a decrease of about -5.2% over the past 24 hours.
• According to CoinCodex, the expected price for tomorrow (August 2, 2025) is 3.31 USD, indicating an expected decline of about -8.3% compared to the current price.
• While Binance indicates a slight increase of 0.02% to about 3.583 USD tomorrow, with expectations of continued moderate sideways movement over the week.
Technical and fundamental factors affecting:-
• There is a significant risk of price collapse near the opening rate of 44 million units of SUI on Friday, which could cause an increase in supply and strong selling pressure, with the possibility of testing support at the 50-day moving average (~3.49 USD) or even the 200-day average (~3.16 USD) in case of price movement deterioration.
• On the other hand, analyses like Crypto Rand indicated the possibility of the price moving towards 6.90–10 USD in the medium term, supported by a technical breakthrough and increased interest from major institutions like Mill City Ventures investing 441 million USD in SUI, which bolsters confidence in long-term growth.
🔍 Summary and upcoming indicators:-
1- Today (August 1) the market price is ~3.61 USD, with expectations of a decline of about 5%.
2- Tomorrow (August 2) between 3.31 and 3.58 USD, with expectations of a decline or stability.
3- The next few days between ~3.16 and ~4 USD, with expectations to avoid potential support at 50-/200-EMA.
4- Medium term 6.90 – 10 USD, with expectations of a potential upward scenario supported by institutions.
🧠 Any decision? … Points to consider:-
• Wait for support at the 50-day moving average (around 3.49 USD); if it breaks strongly, it could lead to downward pressure towards 3.16 USD or lower.
• If the price rebounds from support and side demand indicators or institutional deals contribute to a recovery, an upward move towards the annual ceiling at 4 USD may begin.
• The long-term view supports the potential for price doubling reaching the range of 6.9–10 USD if positive momentum continues and the network succeeds in attracting greater usage and further development of dApps.
✅ Summary$SUI :-
• Tomorrow (August 2): The forecasts are mixed depending on the technical approach used — CoinCodex expects a decline towards 3.31 USD, while the fading negative trend at Binance suggests stability around 3.58 USD.
• Short term: caution is required, especially with the potential impact of the launch event of 44 million SUI on the market.
• Medium to long term: The outlook remains optimistic with technical and fundamental support boosting the target from 6 to 10 USD, especially if strong investment flows come in or increases in network adoption.
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