Amid increased volatility in the crypto market, SUI has achieved a new all-time high of $2.28, marking significant success among major crypto projects. We explore short-term market sentiments and price analysis for the SUI token.

SUI Price Rise

The SUI price has increased approximately 12% over the past 24 hours and 28.79% over the past week. Over the past month, it surged 119.28%, delivering a year-to-date return of 186.13% for long-term investors.

Possible Development Scenarios

If bullish momentum continues, the token could aim for a target price of $2.5 in the near term. Maintaining that level might pave the way toward $3 by year-end. Conversely, if bearish forces regain influence, the SUI price could drop to the support level of $2, with intensified bearish sentiment possibly leading to a retest of support at $1.9750.

Long-term Prospects

The long-term outlook for SUI remains positive given current market conditions.

SUI has demonstrated resilience amid heightened market volatility, reaching new heights. Future outcomes will depend on the strength of both bulls and bears. Current market indicators suggest potential continued growth.