SUI is finally showing signs of a major rebound
SUI is finally showing signs of a major rebound, gaining significant attention in the crypto space. In just a week, the price surged by nearly 25%, climbing from $1.86 to $2.32, marking a crucial reversal from its earlier losses. This surge is part of a larger shift, with several indicators pointing towards the potential for more substantial growth in the coming months.
SUI’s Remarkable Comeback
Once considered one of the worst-performing cryptocurrencies of the year, SUI was facing a nearly 60% drop in its price since January. However, from March to April, the token began to recover steadily, drawing attention once again as a promising altcoin.
One of the most significant signs of this recovery came last week when the token saw record stablecoin inflows, surpassing $60 million in a single 24-hour period. This influx of capital has propelled SUI into the top ranks of blockchain networks, even surpassing Ethereum and Solana in daily stablecoin activity. This shift shows growing network demand, highlighting the project’s improving momentum.
Analysts See a Breakout on the Horizon
Top analysts have been closely monitoring the price movement of SUI. Notable macro investor and crypto analyst Raoul Pal believes that SUI is on the verge of breaking out from a long-term downtrend. Pal’s analysis of the 1-day chart suggests the token could be preparing for a substantial rally, potentially signaling a strong move to the upside.
Adding to the optimism, another well-known trader, Capital Faibik, identifies a bullish pattern known as a falling wedge. This classic chart formation typically precedes a breakout, and if it holds, Faibik predicts that SUI could climb to as high as $4.80 in the near future. The falling wedge is a technical indicator often seen before a rapid upward price movement.
VanEck’s Bold 350% Prediction
One of the most audacious predictions comes from VanEck, a global asset manager managing over $116 billion in assets. According to VanEck’s analysis, SUI could see an extraordinary 350% rally, potentially reaching $10 by the end of 2025.
This optimistic forecast is grounded in a recent development that has piqued investor interest: Canary Capital Funds has filed for the first-ever SUI token ETF. This filing represents a significant milestone, and if successful, could attract substantial institutional capital—often a key catalyst for long-term growth in digital assets.
The prospect of an ETF could also pave the way for wider adoption and deeper liquidity, which in turn may help SUI maintain its upward trajectory. The involvement of institutional investors could provide the momentum needed for the token to gain widespread acceptance.
Technical Indicators Point to a Strong Bullish Trend
Currently trading at $2.32, SUI shows a 1.5% increase in the last 24 hours, with its market cap at $7.5 billion. Technical indicators suggest that bullish momentum is firmly in control.
The Relative Strength Index (RSI) has moved from 48 to 68, signaling renewed buying interest in the market. Additionally, the Moving Average Convergence Divergence (MACD) has turned bullish, supporting the notion that the trend could continue to move upwards.
The token recently broke through a crucial resistance level at $2.25, which has now become a strong support level. If the price continues its rally, the next key resistance to watch is $2.78. A breakout above this level could set the stage for a move towards $3.17.
What’s Next for SUI?
SUI is no longer an obscure project in the altcoin space. With strong technical indicators, record inflows, and growing interest from major players like VanEck, SUI is beginning to emerge as one of the most exciting comeback stories in the cryptocurrency market.
For investors, the key levels to watch are $2.25, which is now acting as support, and $2.78, the next resistance that could trigger a move towards $3.30. Should the momentum continue, the path to higher price targets—perhaps even the bold $10 forecast by VanEck—could be within reach by the end of 2025.
With improving market fundamentals, positive technical setups, and institutional interest ramping up, SUI might just be gearing up for a major breakout in the near future.
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