SUI is now at $2.83 and has put up a loss of 5.67% over the last 24 hours. Its volume has also crashed along with it and is down 36.61% to $807.86 million. Despite the rapid decline, the token is still up 4.89% over the last week and this is seen as a sign of sustained buying interest from traders. Volatility is raising questions about short-term gains, however.
Analysts note that this dip may only be temporary. The price holding steady at $2.83, even during a downturn, reflects resistance at lower levels. With the token in a consolidation phase, many are watching closely for a breakout move. If the current range holds, this could be a springboard for future highs.
SUI Forms Bullish Broadening Wedge Pattern
Crypto analyst Jonathan Carter has identified a broadening wedge pattern on the 6-hour chart. SUI’s price is hovering near the upper line of this wedge, along with the 100-period moving average. This combination could act as a launchpad, with compressed volatility often preceding large price moves. Carter believes that a breakout above the resistance line could unlock new levels.
If the token breaks out, key price targets are set at $3.10, $3.50, $3.75, and potentially $4.25. These projections are based on technical levels established earlier this year. While the current dip may shake weak hands, those holding long see this as a crucial moment. The next few days will be critical in defining SUI’s direction heading into Q3.
SUI Price Predictions for 2025
Forecasts for SUI’s 2025 performance vary widely. DigitalCoinPrice is highly bullish, suggesting SUI could reach $6.23 by year-end. The platform noted a spike to $5.28 in January 2025 and predicts the token could soon retest and surpass its all-time high of $5.35. If momentum builds, prices may settle between $6.07 and $6.23 before the year ends.
In contrast, Changelly presents a more cautious outlook. Its July 2025 projection comes in at between $2.03 and $2.90 with an average trade price of $2.47. At that time, they envision the potential ROI reaching 161.3%, still depicting significant upside. These differing outlooks exist because the crypto market is still volatile and speculatory despite technicals and sentiment moving in live time.
