• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

SUI Up Over 10%: Analyzing the Causes and Future Expectations

user avatar

by Giorgi Kostiuk

9 hours ago


The SUI token is attracting attention in the crypto market, showing a rise of more than 10% over the past day. This surge is linked to several key factors.

Reasons Behind SUI Price Surge

The SUI token is currently trading around $3.26, with trading volume increasing by over 121%. A primary factor for this surge is the announcement of tBTC launch on the Sui blockchain, which brings over $500 million in liquidity to Sui's DeFi ecosystem. Analysts suggest that Grayscale's report has also played a significant role in attracting retail and institutional investors.

SUI Price Chart Structure

The SUI chart confirms a breakout from a descending trend that has been present since early June. The price broke resistance near $2.90 and is now holding above it. Analysts note that the increase in volume during the breakout affirms a bullish pattern. Support is currently located between $2.80 and $2.90, while potential resistance levels are in the $3.90–$4.10 range.

Price Predictions for SUI by July's End

Based on structural analysis, the price of SUI could test the $5 mark. Experts assert that if the trend continues and support levels hold, a price range of $4–$5 could be achievable by the end of July.

Full bullish breakout for $SUI, getting ready for $5!Crypto Rand

The recent success of the SUI token highlights the importance of innovations in the crypto ecosystem and the active interest of investors. The future of SUI will depend on sustaining the trend and the platform's performance.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Cryptocurrency Market: Potential Threats and Turns

chest

Recent shifts in the cryptocurrency market may herald possible downturns due to short position liquidations.

user avatarGiorgi Kostiuk

Surge in Cryptocurrency Prices: Prepare for Potential Drops

chest

Despite the current rise, potential market movements warn traders of upcoming declines in cryptocurrency prices.

user avatarGiorgi Kostiuk

Investigation Launched Against Robinhood: Allegations of Misleading Customers in Crypto Trading

chest

Florida's financial authorities have opened an inquiry into Robinhood, accusing the firm of misleading customers about cryptocurrency trading costs.

user avatarGiorgi Kostiuk

Jamie Dimon's Take on Future Interest Rates: Key Insights

chest

Jamie Dimon predicts a 40-50% chance of rising US interest rates. What could this mean for the economy and investors?

user avatarGiorgi Kostiuk

ONDO: Successful Breakout and Upcoming Levels to Watch

chest

ONDO price has broken free from a prolonged downtrend and shows potential growth towards $1.13. Traders are keeping a close eye on developments.

user avatarGiorgi Kostiuk

BlockDAG, Chainlink, Polygon, and Polkadot: Top Crypto Trends This Season

chest

Overview of the current cryptocurrency market trends focusing on BlockDAG, Chainlink, Polygon, and Polkadot.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.