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Sui (SUI) has gained the attention of traders after forming an attractive risk-to-reward ratio that appears favorable for short-term gains. The recent price action has led to a notable shift in market sentiment, with traders now focusing on critical support levels to determine the next movement.
Mahe, Seychelles, 5th February 2025, Chainwire
The start of the day was pretty consolidated for the crypto markets, with the trading volume slashing heavily by close to 30%. Both bulls and bears remain resilient, which may drop the volatility, leading to a range-bound consolidation for a while.
SUI, the native token of the Layer-1 blockchain, has taken a major hit, dropping more than 30% in a month. Such a massive drop has raised concerns among traders, with crypto analyst Jason Pizzino warning that the token might be following a historical pattern that led to a deep crash in the past.
Data revealed that 75% of top SUI traders on Binance are going long.
Cryptocurrency analyst and trader Jason Pizzino is warning that one Solana (SOL) competitor is at risk of a severe correction. In a new video, Pizzino tells his 345,000 YouTube subscribers that Sui (SUI) may be repeating a historic pattern that could lead to a collapse.
SUI price has been up roughly 4% in the last 24 hours but has remained down 30% over the past month. Despite slight recovery, its technical indicators still point to an overall bearish setup, with both the Ichimoku Cloud and EMA lines suggesting strong resistance ahead.
The cryptocurrency market has entered a high-volatility phase, with SUI, XRP, and Bitcoin all experiencing significant price swings. SUI is teetering on a key support zone, raising concerns of a potential 40% crash.
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After a sharp fall, Sui (SUI) has recovered significantly and is poised for massive upside momentum due to its bullish price action on the four-hour timeframe. Data shows that after witnessing a price drop of over 38%, the altcoin has soared more than 55%, reclaiming all the losses.
Wrapped Bitcoin by BitGo can now move from Ethereum to Sui via Sui Bridge, expanding BTCfi for the Sui ecosystem. The price of Sui (SUI) surged to $3.37 on Tuesday, Feb. 4, gaining 8.
The crypto market remains under pressure, with Bitcoin (BTC) now trading below the $100,000 mark and Ethereum (ETH) slipping under $3,000.
After a huge crash, inspired by Trump's massive tariffs on Canada, Mexico, and China, the crypto market may have bottomed. Is now a good time to buy the leading layer 1s in $ETH, $SOL, and $SUI?
Cryptocurrency prices crashed hard on Monday, continuing their recent trend, and leading to substantial liquidations. Bitcoin moved from the year-to-date high of $109,200 in January to below $93,000.
The Telegram gaming sector is witnessing a major shift as Dogizen (DOGIZ) moves from the TON blockchain to Sui, setting the stage for heightened competition with Catizen (CATI). The move comes amid explosive growth in the GameFi industry, which has surpassed $1.1 billion despite being less than a year old.
Discover the diverse range of wallets in the Sui ecosystem, each tailored to different user needs, from non-custodial options to mobile and web-based solutions.
The SUI token, the native cryptocurrency of the Sui blockchain, is receiving significant attention from both investors and analysts alike, and according to asset management firm VanEck, its value could surge by a staggering 326% by the end of 2025. The firm's projection indicates that SUI could reach a price of $16 by the close of the year, driven by strong growth in the broader smart contract platform (SCP) market and increased adoption of decentralized finance (DeFi) applications.
The Sui Network (SUI) will unlock over $250 million worth of its native token on February 1. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI's circulating supply and dilutes investors' holdings.
As the broader market anticipates a new bull run in altcoins, SUI comes as a top choice. With price targets extending to $10, should you consider buying more SUI tokens?
Adeniyi Abiodun is the CPO of Mysten Labs, the core developer and contributor to Sui Network (SUI), a top-level blockchain. In a recent interview, Abiodun revealed the world's “largest consumer platform” is coming to crypto this year, talking about adoption.
VanEck projects SUI token to reach $16 by end-2025, based on strong DEX trading volumes, growing market interest, and expected expansion of the smart contract platform market to $1.1 trillion.
SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH).
Here's why asset manager VanEck is bullish on SUI in 2025.
Sui has been trading within a rising parallel channel, with occasional surges pushing the price into the upper bands.
