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  • Nidhi Kolhapur
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    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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  • Reviewed by: Qadir AK

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    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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  • 2 minutes read

SUI Price Prediction Today: Breakout or Breakdown?

Story Highlights
  • SUI struggles below key EMAs with bearish indicators; a drop below $2.95 could confirm a deeper correction toward $2.10.

  • Despite near-term weakness, analysts say SUI’s long-term outlook remains bullish if it holds the $2.90 Fibonacci support zone.

SUI is currently under pressure, trading at $3.03 after falling 1.6% in the last 24 hours. Most indicators and moving averages are showing weakness, signaling a bearish trend for now.

On the daily chart, SUI is well below all the short and mid-term EMAs (10, 20, 30, 50, and 100), which are between $3.12 and $3.51. The only short-term support comes from the 100-day Simple moving average at $2.95, which makes it a key level to watch. 

SUI Shows Weak Momentum

Momentum indicators like the MACD and momentum are also currently in sell territory. RSI is at 41, which shows that there is still room for further downside before it becomes oversold.  Overall, the trend remains weak unless bulls step in with strong volume to reclaim the lost EMAs.

A trader warns that SUI is showing weakness after failing to hold its support range. The recent bounce was shallow, and with the price breaking below key levels, they expect a drop toward $2.10 if altcoins continue to show weakness. Additionally, the SUI network will unlock over 58 million tokens on July 1, which could impact the price action in the short term.

Long-term Outlook is Bullish 

One analyst has tracked two possible scenarios for SUI. On the larger time frame, the outlook remains bullish as long as SUI holds above the $2.90 support zone (the 78.6% Fibonacci retracement from the April rally). 

This area has held up multiple times, and if the correction is complete, a strong third wave up could follow, with a possible target around $10.90. However, there is no confirmation yet that the next major rally has started.

Can SUI Hold $2.95?

In the short term, the price is still in a correction phase. It may move higher to $3.50–$3.60, but first, it needs to break above $3.14–$3.15 to confirm that upside. For now, there is a small uptrend from June 14, and it is still holding. But if SUI drops below $2.95, it may confirm a bearish trend.

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FAQs

Is Sui cryptocurrency a good investment?

Yes, the SUI blockchain is one of the most prominent projects and is projected to gain significant value in the coming time.

How high will the Sui coin go?

With a bullish surge, the altcoin may hit a high of $7.01 this year.

How much would the price of SUI be in 2040?

As per our latest Sui price analysis, the SUI could reach a maximum price of $178.84.

How much will the Sui coin price be in 2050?

By 2050, a single SUI price could go as high as $1,107.73.

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