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- SUI sits on a major long-term support zone signaling a potential reversal.
- Analysts set key resistance targets at $2.70–$3.27; long-term upside could reach $20.
- Institutional interest and USDSui stablecoin launch may boost SUI’s demand.
The crypto market is reeling after a sharp 5.2% drop, with Bitcoin slipping below $97,000, fueling market-wide caution. Yet amid the turmoil, SUI has emerged as a focal point for traders and investors, showing signs of a potential rally that could attract renewed attention.
SUI Price Signals Potential Reversal
According to prominent crypto trader Michael van de Poppe, SUI is currently sitting on a major long-term support level—a zone historically linked to strong rebounds. Van de Poppe’s weekly chart highlights that SUI trades well below its 20-week moving average, creating a significant undervaluation gap.
He notes that similar setups in March and April 2025 resulted in over 100% gains, suggesting that SUI may be gearing up for another sizable move. Analysts are now closely watching price action for confirmation of a reversal.
Key Price Targets for SUI
If SUI begins its recovery, van de Poppe identifies two critical upside zones:
- First target: $2.70–$2.90
- Second target: $3.27
Breaking these resistance levels could validate a broader trend reversal, signaling renewed momentum for traders and long-term investors alike.
Ecosystem Growth Fuels Interest
Beyond chart patterns, SUI’s expanding ecosystem is a key factor driving optimism. The network is gaining traction in Web3 and DeFi, and the launch of USDSui, a fiat-backed stablecoin by Stablecoin (a Stripe company), has added institutional attention.
Van de Poppe noted that institutional demand for stablecoins is rising, particularly with regulatory clarity under the Genius Act. This development could further strengthen SUI’s long-term appeal and drive sustained interest from both retail and institutional investors.
Analysts Eye Bullish Momentum
Crypto analyst Ali Martinez supports the bullish outlook, pointing to SUI’s higher low formation on the weekly chart—a classic early indicator of a reversal. He highlights that when SUI previously hit this price channel’s bottom, it surged over 1,060%. If history repeats, SUI could potentially reach $20, marking an 860% increase from current levels.
Also Read: Sui Network Launches USDsui Stablecoin for DeFi and Payments
Currently trading at $1.81, SUI reflects a short-term 10% dip, but experts suggest this may be part of a larger bullish setup.
SUI is positioning itself as one of the most closely watched coins in today’s volatile market. With strong technical indicators, key resistance targets, and growing institutional interest, traders and investors may want to keep a close eye on this promising token.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
