Sui has experienced a major bounce in the last seven days. However, its price action during the current market conditions comes as a surprise since BTC price isn’t close to reaching $100K anytime soon.
Crypto Twitter hasn’t given a proper rationale behind this sudden increase, and most users have only expressed admiration for the token’s performance and how it is forming solid support now.
On the development side, there is something about a development platform turning heads around this project. What does this all mean for the SUI price? Will the token’s rise continue, or are investors in for a major disappointment once again?
SUI Price Analysis as SUI forms 2 Large Green Candles
The drop in the SUI price has been continuous ever since it reached its all-time high of $5.35 on January 6th, 2025. While there has been quite a bit of to-and-fro between the bulls and bears, the selling spree has still been strong.
However, the last two green candles have been large, indicating that more growth could come for this token. The current price action indicates that the token is just about to break out of the falling trendline.
One crypto analyst who goes by the name Panamax has recently tweeted that SUI has broken the downtrend and all signs are bullish.
$SUI about to break downtrend, all my signals turning bullish. loaded af on $SUI. pic.twitter.com/Q4Sfg7Cdk2
— panamax (@panamaXBT) February 10, 2025
At the time of writing, SUI is trading at around the $3.5 level and has a market capitalization of more than $10 billion.
Why is the SUI Price Bouncing?
As already mentioned earlier, people on crypto Twitter don’t have a consensus on why the SUI price is rising. However, upon looking at the project’s official Twitter, multiple reasons are emerging.
One is the announcement for the latest SuiGaming Summit, which was revealed through a tweet. To be held on Tuesday, March 18th, the summit will offer insights into the current games active on Sui.
The provided tweet has shown multiple stylized games inside a 3D environment and highly graphical combat systems. The games do look appealing, and this could be one of the many reasons why SUI is bouncing.
Another is the development around a unilateral payment platform on Sui, as well as a bunch of other developments that will be coming this year. In a recent interview, Adeniyi Abiodun, co-founder of Mysten Labs, the organization behind the Sui platform, revealed that a massive consumer platform will be coming by the end of 2025 and a big gaming company is joining hands with Sui.
Sui Price Prediction
2025
The current bounce of the SUI price and breakout above the current resistance level has given many crypto analysts on Twitter an optimistic view of where the token could go in 2025. Solberg Invest on Twitter claims that the next target is $7.2, and MAGS is also hoping for another bounce. Realistically, however, it is the developments that could push the SUI price to new highs this year.
If these developments happen at the right time, and the crypto community receives them with open arms, the SUI price could skyrocket with goals to reach a new all-time high. Furthermore, Bitcoin may reach another ATH this year, which is another wave that SUI could ride to move up in value.
As long as SUI trades above the current rising trendline, it can potentially cross $7 by the end of 2025.
2026
SUI’s performance in 2026 will hinge on how the market reacts to the upcoming consumer-grade platform. Furthermore, whether or not Sui’s partnership with a major gaming company bears fruit will also play a key role in moving the SUI price. Blockchain gaming, despite the recent developments, has been sidelined by most gaming streamers. Furthermore, the current culture war has given most western AAA gaming companies a bad reputation.
Therefore, consumer participation in SUI’s gaming ecosystem will be a thing to watch out for in 2026. Optimistically, this could lead the SUI price to touch the $10 mark in 2026.
2030
Utility and hype will be at the front and center when it comes to determining how utility-cryptos like SUI move on the price charts. The overall reputation of blockchain gaming could hopefully change by then. However, the once overly-bullish narrative of “blockchain gaming being the future of gaming” may not arrive by then, but that doesn’t mean that crypto gaming enthusiasts won’t have better representation.
As more crypto gamers find their way to streaming websites and gain traction from the audience, it is possible for the SUI price to experience a parabolic increase. The degree of that parabola, however, will depend on the regulatory atmosphere around blockchain.
Best Wallet – Best Cryptocurrency Wallet to Store High-Potential Crypto
The recent surge of utility-based tokens shows that people are now looking for assets with long-term growth potential. Therefore, securing these assets inside a strong wallet with consolidated security features is very important.
Enter Best Wallet, a multi-utility, multi-chain wallet that has earned renown as one of the best cryptocurrency wallets on the market. While its decentralized nature makes perks like No KYC, affordability, and accessibility possible, the security features it has created make storing crypto more accessible than before.
The funds held inside the wallet are secured thanks to crypto heavyweight Fireblocks. Secondly, being a decentralized ecosystem with community-led governance, upgrades are being done for the Best Wallet ecosystem to further position it as the best cryptocurrency wallet to date.
Among its many features, Best Wallet is also getting attention thanks to its facility that allows investors to buy and sell crypto using fiat currency. This could enhance participation of more people within the crypto space, something that projects like Sui require to become more valuable. The platform has created a string of tutorials as well.
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