SUI continues to grow steadily, even amid short-term market fluctuations. The network’s expanding user base and recent adoption milestones highlight rising interest in its ecosystem. With strong support levels and an engaged community, SUI shows potential for renewed momentum and long-term growth.
At the time of writing, SUI is trading at $3.25 with a 24-hour trading volume of $1.78 billion and a market capitalization of $7.65 billion. The token declined 1.02% in the last 24 hours, reflecting short-term market fluctuations.
The Sui network has just achieved a new landmark, passing 285 million accounts, as shared by Sui Intern. This shows the gradual growth of the platform’s user base and increased interest in the Sui system. Such milestones boost long-term confidence in the project.
A well-known crypto analyst, BitGuru, highlighted that the token remained near short-term support at $3.23. If the support is maintained, SUI can see new buying enthusiasm with immediate targets at $3.53 and possibly surge to $3.90 in the near term. A fall below $3.20 can trigger more downward pressure and attract attention from market watchers.
SUI price activity is balanced between sentiment and network growth. While minor corrections are common within crypto assets, strong adoption numbers and an ever-increasing user base indicate that Sui is on a gradual growth path.
Analysts believe that defending support levels can spark new price movement and attract renewed interest from investors seeking promising altcoins. With a growing community and key milestones, Sui is a token that cannot be ignored, experiencing short-term fluctuations while aiming for long-term growth.
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The Relative Strength Index (RSI) of SUI is currently at 49.44, slightly below the neutral 50 level. This indicates the token is neither oversold nor overbought but slightly tilted toward bearish momentum. Currently, bulls are regaining ground, and RSI is at 52.40. Market strength remains cautious. An RSI above 55 may indicate stronger buying.
Moving Average Convergence Divergence (MACD) shows the blue line at 0.14324, the orange signal line at 0.16546, and the histogram at -0.02222. This indicates weak bearish pressure due to the negative histogram. However, the MACD lines are close to each other, so momentum could change quickly. A bullish crossover may signal upside potential.
Also Read | SUI Price Analysis: Cup and Handle Pattern Targets $8.07 Amid Bullish Momentum
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