SUI price prediction 2024-2030: Is SUI a good investment?
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Key takeaways:
- Our SUI price prediction indicates a high of $1.30 by the end of 2024.
- In 2025, SUI will range between $1.85 and $2.25, with an average price of $1.92.
- In 2030, it will range between $12.32 and $14.69, with an average price of $12.67.
SUI is the native token of the Sui blockchain and governs and settles fees on the blockchain. Users can stake their SUI tokens with validators in a delegated proof-of-stake model, enabling active participation in consensus and potential rewards. SUI’s notable feature is its ability to achieve parallel agreement on independent transactions, leading to enhanced scalability.
Is SUI a good investment? Will it go up? Where will it be in five years? Our SUI price prediction answers these questions and more.
Overview
Cryptocurrency | Sui |
Ticker | SUI |
Current price | $0.6712 |
Market cap | $1,686,615,187 |
Trading volume | $154,112,306 |
Circulating supply | 2,512,208,504 |
All-time low | $0.3643 on Oct 19, 2023 |
All-time high | $2.18 on Mar 27, 2024 |
24-hour high | $0.6963 |
24-hour low | $0.6171 |
SUI price prediction: Technical analysis
Metric | Value |
Volatility (30-day variation) | 13.40% |
50-day SMA | $0.954 |
200-day SMA | $1.219 |
Sentiment | Bearish |
Fear and greed index | 28 (Fear) |
Green days | 12/30 (40%) |
SUI price analysis: SUI maintains a bear run
Key takeaways:
- SUI faces rejection at $0.6354.
- The year’s bear run prevents SUI from registering higher highs.
SUI 1-day chart: SUI sparks interest
SUI is sparking renewed interest among traders and investors. This move came as it faced rejection at $0.6354, indicating a potential rise above current levels. The move is accompanied by diminishing negative momentum. Positive momentum could result in a double-bottom trend reversal candle formation.
Generally, SUI is on a bear run and has crossed into oversold territory several times. The relative strength index is at 35.42, and the signal line has crossed above the RSI line, suggesting a higher move.
SUI 4-hour chart: SUI reverses from oversold territory
The 4-hour chart shows the current move as a sharp reversal from oversold territory. However, the move did not put the coin at previous highs. The year’s bear run could be in play, preventing SUI from registering higher highs.
SUI technical indicators
Daily simple moving average (SMA)
Period | Value ($) | Action |
SMA 3 | 0.7459 | SELL |
SMA 5 | 0.7304 | SELL |
SMA 10 | 0.7663 | SELL |
SMA 21 | 0.8389 | SELL |
SMA 50 | 0.9544 | SELL |
SMA 100 | 1.1334 | SELL |
SMA 200 | 1.2189 | SELL |
Daily exponential moving average (EMA)
Period | Value ($) | Action |
EMA 3 | 0.7921 | SELL |
EMA 5 | 0.8161 | SELL |
EMA 10 | 0.8503 | SELL |
EMA 21 | 0.9025 | SELL |
EMA 50 | 1.0019 | SELL |
EMA 100 | 1.1122 | SELL |
EMA 200 | 1.1217 | SELL |
Is SUI a good investment?
The SUI has utility, and ongoing developments and partnerships will lead to a more efficient network. SUI is volatile but continues to scale higher. As per the Cryptopolitan price predictions, SUI will set record prices in the coming years.
What can we expect from SUI price analysis next?
According to the technical indicators, SUI recorded twelve bullish days in the thirty. The Fear & Greed Index shows traders are fearful. It registers little momentum on the charts, meaning it will move sideways over the short term.
Why is SUI down?
The SUI drop coincided with the crypto market cap falling towards the $2 trillion mark, now at $2.06 trillion. Therefore, the drop could be explained by the bearish market sentiment.
Will SUI recover?
SUI trades at its lowest this year. It is ripe for reversal at current levels, with plenty of room for price movement to the upside.
Will SUI reach $1?
Per the SUI price analysis, SUI’s reversal from current lows will send SUI to previous highs above $1.
Will SUI reach $10?
Per the Cryptopolitan price prediction, SUI will reach $10 in 2029 despite averaging $8.8 for the year.
Will SUI reach $100?
It remains highly unlikely that SUI will rise to $100 before 2030.
Does SUI have a long-term future?
Should the market sentiment change, SUI will rise to previous years. SUI’s price predictions to 2030 are optimistic as global adoption for decentralized applications rises.
Recent news/ opinions
The Sui Bridge incentivized Testnet concluded on July 8th, marking the final opportunity for participation. Community feedback and thorough testing are critical to ensure the smooth functionality of the Sui Bridge upon its mainnet launch.
SUI price prediction July 2024
The SUI price forecast for July is a maximum of $0.89 and a minimum of $0.63. The average price for the month will be $0.70.
Month | Potential low ($) | Potential average ($) | Potential high ($) |
July | 0.63 | 0.70 | 0.89 |
SUI price prediction 2024
For the second half of 2024, SUI’s price will range between $0.63 and $1.30. The average price for the year will be $0.85.
Year | Potential low ($) | Potential average ($) | Potential high ($) |
2024 | 0.63 | 0.85 | 1.30 |
SUI price prediction 2025-2030
Year | Potential low ($) | Potential average ($) | Potential high ($) |
2025 | 1.85 | 1.92 | 2.25 |
2026 | 2.59 | 2.68 | 3.20 |
2027 | 3.95 | 4.05 | 4.60 |
2028 | 5.84 | 6.00 | 6.94 |
2029 | 8.57 | 8.81 | 10.04 |
2030 | 12.32 | 12.67 | 14.69 |
SUI price prediction 2025
The SUI crypto price forecast for 2025 is a high of $2.25. It will reach a minimum price of $1.85 and an average price of $1.92.
SUI crypto price prediction 2026
The SUI’s price prediction estimates it will range between $2.59 and $3.20, with an average price of $2.69.
SUI price prediction 2027
SUI coin price prediction estimates it will range between $3.95 and $4.60, with an average of $4.05.
SUI price prediction 2028
SUI coin price prediction climbs even higher into 2028. According to the prediction, SUI will range between $5.84 and $6.94, with an average price of $6.00.
SUI price prediction 2029
According to the SUI coin price prediction for 2029, the price of SUI will range from $8.57 to $10.04, with an average price of $8.81.
SUI price prediction 2030
According to the 2030SUI price prediction, the price will range between $12.32 and $14.69, with an average price of $12.67.
SUI market price prediction: Analysts’ SUI price forecast
Firm | 2024 | 2025 | 2026 |
Digitalcoinprice | $1.43 | $1.68 | $2.39 |
Gate.io | $0.6425 | $0.6939 | $0.8500 |
Changelly | $2.32 | $1.92 | $2.68 |
Crytpopolitan’s SUI price prediction
Our predictions show that SUI will achieve a high of $1.30 in the second half of 2024. In 2025, it will range between $1.85 and $2.25, with an average of $1.92. In 2030, it will range between $12.32 and $14.69, with an average of $12.67. Note the predictions are not investment advice. Seek independent consultation or do your own research.
SUI historic price sentiment
- Exchanges such as Binance, OKX, KuCoin, and Bybit hosted activities toward the initial distribution of SUI in April 2023.
- SUI initially traded at $2.10, well above the $0.10 investors paid during its public sale at the end of April.
- A bear run preceded the listing, and on October 23, 2023, it fell to its lowest price, $0.3643.
- It started recovering in November 2023.
- It reached its highest price on March 27, 2024, at $2.18, after the Greek stock exchange announced a possible collaboration.
- On May 21, 2024, the SUI network surpassed 1 million daily active wallets.
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