Technical Analysis: Based on technical indicators, SUI is currently in a bearish trend with RSI at 34.72, indicating oversold conditions. The MACD at -0.37 suggests continued downward momentum. The 20-day SMA (3.67) is below the 60-day SMA (4.30), confirming the bearish trend.
Price Projection for Next Week:
News Sentiment Analysis: Recent analysis from VanEck suggests a bullish long-term outlook with SUI potentially reaching $16 by end of 2025. However, short-term technical indicators and market conditions suggest continued downward pressure.
Trading Recommendation: SELL with entry point at current market price. Set stop loss at $3.93 (above R1) and take profit at $2.60 (S1). The risk-reward ratio favors short positions given the strong bearish technical signals and negative momentum.
The price of Sui is predicted to go up -4.93%, based on the high correlation periods with HBAR. The similarity of these two price pattern on the periods is 90%.
SUI
HBAR
Year
SUI Price Forecast($)
Potential Return(%)
2025
10.000
97.360
2026
10.000
149.940
2027
10.000
149.940
2028
25.000
524.860
2029
50.000
1,149.720
2030
25.000
524.860