Despite the recent market turmoil, analysts are of the opinion that Sui’s current price area around $2.70 could be the basis for its next big move. As the ecosystem grows, network adoption increases, and technical levels align, optimism is growing that Sui’s next rise may be just beginning.
Market Overview: Sui is struggling amid broader crypto volatility
At the time of writing, Sui’s price is hovering near $2.70, reflecting a weekly decline of approximately 19% as the broader cryptocurrency markets remain under pressure. This withdrawal comes after a volatile period across digital assets caused by macroeconomic concerns and token unlock schedules. However, despite the downturn, many analysts maintain cautiously optimistic forecasts. Which indicates potential upside if Sui can stabilize above key technical levels.
Sui was trading at around $2.70, down 4.60% over the past 24 hours. Source: Brave New Coin
The short-term trend remains challenging as Sui is trading below the 50-day simple moving average (SMA), indicating continued bearish momentum. Market participants noticed that the $3 mark, which served as strong support, has now turned into a major resistance level. A decisive break above this level could be the first sign of renewed bullish momentum.
Fibonacci targets: charting the path towards $7.7 and $11.2
The bullish case for Sui price prediction depends heavily on Fibonacci retracement and extension levels. According to logarithmic chart analysis, the first target (T1) is located around $7.7, while the second target (T2) extends towards $11.2, assuming the broader uptrend continues. If achieved, these targets would represent a significant upside from the current range – which could indicate a return to strong investor confidence.
Sui (SUI) is trading near $2.70, with long-term upside targets set at $7.70 and $11.20. Source: @Bitcoinsensus via X
However, analysts warn that achieving these ambitious levels will depend on the stability of the broader market and Bitcoin’s ability to stay above key psychological thresholds. Historically, the Sui cryptocurrency has shown a high correlation with larger market movements, and any renewed strength in Bitcoin could serve as a catalyst for a recovery in the Sui coin price.
The growth of the ecosystem and tokenization opens up risks
Beyond price charts, Sui’s long-term outlook is influenced by developments within the Sui blockchain ecosystem. The recent launch of xMoney’s XMN token on the Sui Network has fueled optimism about the project’s growing use cases and partnerships. As the ecosystem becomes more active, it can help offset the negative sentiment caused by the recent sell-off.
Sui (SUI) has broken below its ascending triangle, turning previous support into resistance – reclaiming that could revive a bullish setup, while rejection risks further downside. Source: @TheCryptoLark via X
However, risks remain, particularly from large-scale Sui token unlocks and insider selling. Past events, including a $144 million token open, have coincided with sharp drawdowns, reminding investors of potential supply shocks. Analysts also pointed to the impact of a previous $400 million insider dump, which created temporary downward pressure on the Sui coin price. Strategically managing these opportunities will be critical to maintaining investor confidence in the coming months.
Technical picture: Key levels of recovery restored
From a technical perspective, reclaiming the $3 resistance level remains the most pressing challenge for Sui bulls. A successful breakout could open the door to a move towards the $5 area, while failure to do so could lead to further declines in the $1-2 range. Increased trading volume could help verify a bullish reversal, but momentum remains fragile at the moment.
Buying SUI at under $3 may be the long-term decision that investors look back on with gratitude in the next decade. Source: @suintern_ via X
However, if market sentiment improves and Sui continues to expand its ecosystem, the long-term Fibonacci targets of $7.7 and $11.2 remain reasonable milestones. For now, the token’s path forward will depend on its ability to stabilize above key moving averages and attract sustainable growth for the network — conditions that could ultimately determine whether Sui’s current slump turns into the beginning of its next major rally.
While the near-term environment for Sui cryptocurrencies looks uncertain, longer-term models paint a picture of a potential recovery. Sui price forecast for 2025 is leaning to the upside if Fibonacci levels persist, but traders should remain cautious amid ongoing supply risks and macroeconomic-driven volatility.