Sui has emerged as one of the top gainers today, fueled by bullish macro news and explosive on-chain fundamentals. As of press time, SUI is priced at $3.02, up 9.58% in the past 24 hours and nearly 13% on the week, which is an impressive gain.
Much of this enthusiasm comes from the SEC’s approval of a Grayscale ETF that includes leading assets such as BTC, ETH, SOL, XRP, and ADA. This has lifted sentiment across the Layer-1 space, including SUI. On the utility side, the Sui network hit a key milestone by processing $27.3 billion in token volume in June, signaling significant ecosystem growth and dApp usage. Intriguing enough? Join me as I decode the short-term SUI price analysis.
Technically speaking, SUI is showing signs of bullish momentum, supported by surging volume and a breakout from key resistance zones. The 4-hour chart shows SUI trading above the 20-day Bollinger Band midline and holding well above the lower band.
The token hit a 24-hour high of $3.08 and is now testing a critical resistance zone between $3.20 and $3.30, as marked on the chart. This area has previously rejected price advances and could act as a short-term hurdle. If bulls manage to push above this level with sustained volume, a breakout toward new local highs could follow.
On the downside, immediate support lies at $2.9847, aligning closely with the middle Bollinger Band and psychological support. Below that, $2.84 is a major support level, clearly marked on the chart, and has historically served as a strong demand zone.
Also read: Sui Price Prediction 2025, 2026-2030!
ETF news, surging transaction volume, and strong on-chain fundamentals have all contributed to the bullish move.
The RSI at 68.6 suggests it’s nearing overbought territory, which may lead to consolidation or a minor pullback.
Resistance lies at $3.20–$3.30, support is seen at $2.9847 and $2.84 on the downside.
A powerful new crypto tax bill just landed in the U.S. Senate, and it could…
Bitcoin (BTC) is charging toward a monumental $200,000 milestone, currently testing a critical $108,724 resistance.…
Cryptocurrency trends evolve rapidly, and the rise of AI-powered meme coins marks one of the…
For years, Shiba Inu (SHIB) has ridden the meme wave with impressive spikes and a…
Not every day do price prediction experts shift focus from a legacy coin to a…
In a significant boost to its ecosystem credibility, FUNToken has been officially upgraded to an…