SUI is trading at $3.33, down 3.89% in the last 24 hours. The volume has plunged sharply to $1.02 billion and has fallen by more than 36%, indicating diminishing short-term momentum. The price has been steady in the last week, down by only 1.95%, indicating consolidation instead of collapse.
Crypto analysts flag signs of exhaustion. RSI has surged to 82.89, a red flag for overbought conditions. Despite this, the structure remains bullish. MACD is still positive, and volume, while lower, stays healthy. A minor dip doesn’t erase the broader trend.
SUI price pulls back toward key $3.35 support zone
SUI is retracting back towards $3.35 now. This area may serve as support, where bulls will regroup. The DMI spread (27.4/19.3) verifies that there is strong bullish bias despite short-term weakness.
Volatility is under control. Bollinger Band width at 9.39% suggests prices aren’t spiraling. While RSI is overheated, MACD momentum (0.336 > 0.265) supports the idea of a pause—not a reversal. Traders are eyeing $3.32 for reentry, with tight stops below $3.28.
Big future ahead for SUI
On May 3rd, SUI collaborated with Claynosaurz to further Web3 entertainment. The intent is simple: combine NFTs with blockchain to produce interactive, user-friendly experiences. This is likely to fuel adoption and ensure seamless digital access to content.
Analysts predict a strong upside in the long term. Changelly sees SUI hitting as high as $11.49 by May 2025. Even in a conservative case, the coin could see a near 935% return. The current market dip may just be a pit stop on a much longer journey.
