Salmonation narxiSUI

SUI Price Prediction: Targeting $2.10 by January 2025 as Technical Indicators Signal Recovery SUI price prediction points to $2.10 target within 4-6 weeks as MACD momentum turns bullish and analysts forecast potential 150% rally to $4.00 medium-term.

Quick summary (TL;DR): Today SUI is trading around $1.6 after a short-term bounce earlier this week and intraday chop — a modest net gain on the day but still well below its January 2025 highs. The move looks like a fast relief rally after heavy selling pressure through November; important resistances remain above and token unlocks / supply events continue to be the biggest headline risks. Price action today Current level: roughly $1.6 — $1.63 (live price snapshots today). What the candles show: intraday candles today show a short squeeze / rally off the $1.30–$1.60 region into the $1.6 range, then chopping as sellers defended the next resistance zone. snapshots and exchange tickers show a quick powered move followed by consolidation. Recent pumps and what caused them Early-Dec bounce / multi-day spike: in the last week SUI experienced a fast multi-day surge (some reports cited moves up to ~20% on certain days) as buyers chased a reclamation of short-term structure and traders faded deep intraday lows. Technical traders pointed to liquidity sweeps near $1.31 followed by a rapid impulse up toward $1.80–$2.00 levels. Volume spikes accompanied the leg higher, which is typical in short squeezes. Candidate catalysts: analyst optimism (pattern break ideas), rising on-chain activity and TVL reports in prior months, and ETF / institutional interest headlines in 2025 have intermittently pulled traders back in — but none of these single items have given a sustained macro breakout yet. Previous dumps and structural risks Token unlocks / supply shocks: SUI has had material price drops following large token unlocks (for example, multi-million-dollar unlocks that created short-term selling pressure earlier in 2025). These scheduled unlocks repeatedly pressure price because they increase circulating supply suddenly. Analysts specifically pointed to large unlock events this year that resulted in double-digit daily drops. October–November downtrend: technical coverage across crypto outlets documented a broader downtrend since spring/summer 2025 with lower highs and a break of key triangle/support levels in November, which led to sharper losses and the formation of lower short-term price floors. That background leaves rallies vulnerable to being “bull traps” unless higher-volume confirmation follows. Technical picture — short and medium term Supports: $1.50–$1.66 area (near recent demand cluster; loss below here invites retests of $1.31 and lower). Resistances: $1.88–$2.40 zone and the $2+ area that acted as the 0.618 fib / swing resistance on multiple timeframes. A clean, volume-backed daily close above ~$1.88–$2.00 would be needed to argue the move is more than a short squeeze. Indicators: recent analyst write-ups flagged weak On-Balance Volume (OBV) and mixed RSI/MACD readings — price made short-term highs without sustained volume confirmation, a classic bull-trap signal. Market structure & macro drivers Correlation with BTC / crypto risk appetite: like most altcoins, SUI tends to amplify broader market moves in Bitcoin and risk-on flows. When BTC stabilizes or rallies, SUI rallies more aggressively; when BTC dumps, SUI typically falls harder. On-chain fundamentals: SUI’s ecosystem growth and TVL increases have been cited by bulls as a reason for mid/long-term confidence — but fundamentals do not reliably prevent short-term liquidations triggered by unlocks, margin liquidations, or macro sell-offs. What traders/readers should take away (practical advice) Today’s move is a relief rally, not a confirmed trend flip. Wait for daily closes and follow-through volume above key resistances ($1.88–$2.00) before treating this as a sustained breakout. Watch token unlock calendar: scheduled unlocks are the single biggest near-term supply risk — if you hold through scheduled unlocks expect potential volatility and short-term down pressure. Use risk management: set stops below clear support clusters (e.g., below $1.50 or your personal risk threshold), and size positions so that a severe SUI-specific dump or market-wide correction doesn’t wreck your account. If you’re a longer-term investor: consider on-chain adoption metrics (active addresses, TVL, dApp usage) and whether you believe the project’s fundamentals will grow enough to absorb future unlocks and macro shocks. Final note / disclaimer This article summarizes today’s price action and recent history using public price feeds, trading charts and market coverage. The crypto market is fast-moving; the chart snapshot and numbers cited are accurate as of today’s public sources but can change minute-by-minute. This is not financial advice — always do your own research and use strict risk controls. $SUI

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$SUI Analysis: SUI had a retracement from the resistance area and now trying to break the level around $1.64 - $1.72. Trend looks bearish at the moment and can give an easy drop if rejected again as it will form a double top. Wait for the candle to close and take the long and or short.