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    HomeFinanceCan SUI Price Reach $10?

    Can SUI Price Reach $10?

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    SUI has been creating buzz in 2025 due to its notable price movements. With increasing adoption, Total Value Locked (TVL), and institutional attention, SUI might be aiming for long-term price goals of $5, $10, or potentially higher in the upcoming months.

    The year kicked off strong for SUI as it briefly exceeded the $5 level. It then dipped over 65% due to selling pressure. However, buyers promptly intervened, aiding the price recovery. Interest is picking up again, and the momentum seems likely to persist.

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    Currently trading at $3.07, SUI has risen by 2.9% in the last 24 hours. It displays mixed technical signals with most moving averages bearish. The Relative Strength Index (RSI) hovers around 41, suggesting a cooled momentum, while the MACD indicates a slowdown.

    Should SUI maintain above $3.10, it could surge to $3.50 this week. A breach above $3.50 might trigger a more significant rally. Conversely, dropping below $3.00 could lead to further selling pressure.

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    SUI commenced the month sluggishly, stuck in a narrow range as bears attempted to drive the price down. Yet, an increase in buying pressure is anticipated in the coming days, likely breaking through resistance levels. The June forecast remains positive, with SUI projected to close the month within the $3.80 to $4.00 range.

    Also read:  Bitcoin Wealth Ranking: Who's Gaining, Who's Falling?

    Analysts suggest that SUI is positioning itself as a significant player in the forthcoming bull market. Currently ranking 8th in Total Value Locked (TVL) across all blockchains, much of this success stems from Suilend, SUI’s premier lending platform, which recently witnessed a 90% TVL surge to $700 million within a month.

    Furthermore, over 10% of SUI’s TVL now consists of Bitcoin-related assets, attracting fresh users and liquidity through cross-chain capabilities. Institutional interest in SUI is rising, as evidenced by multiple firms applying for a SUI ETF. With these dynamics at play, a new all-time high for SUI might be on the horizon.

    SUI is surpassing Solana, and this trend could persist over the next 12 to 24 months. If SUI maintains its upward trajectory, it could trade between $5 and $8 in 2026.

    According to CoinCodex, the price forecast for SUI from 2025 to 2030 appears optimistic. An average price of $3.80 is anticipated in 2025, potentially reaching as high as $5.20. By 2030, SUI might climb to $11, given increasing demand and adoption levels.

    Note: Investments carry market risks. Please invest carefully. We do not accept responsibility for any financial losses.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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