The SUI token exhibits significant volatility, reaching both high and low market prices. This article discusses recent price changes and the future prospects of the token.
Price Changes of SUI and Trader Expectations
Over the last 24 hours, the price of SUI fluctuated, dropping to $2.71 and then rebounding to $2.92. The token faced strong resistance at $2.82, subsequently falling back to the $2.78–$2.79 range. Later, SUI found support at $2.72–$2.75, bouncing several times. It is expected that in the near term, the price will move sideways as traders await the next breakout.
The State of the SUI Ecosystem
Despite a drop in open interest, which for the first time in three weeks fell to $1.19 billion, there is market activity for SUI. The 24-hour DEX volume has reached $398 million, indicating high trading activity. Analysts noted that the SUI ecosystem is advancing with stablecoin volumes increasing from $400 million in January to nearly $1.2 billion.
Long-Term Predictions for SUI
According to CoinCodex, by 2029, the price of SUI could reach $12.05, representing a potential 323% gain from current values. Achieving the $100 mark would require significant growth. The most realistic forecasts for 2030 range from $6 to $12, making $100 unlikely without mass adoption and confirmation of SUI's status as a leading blockchain platform.
Given the current fluctuations and predictions, the SUI token remains under watch. The current data on open interest and ecosystem activity will undoubtedly impact its future movement.
