Bittime - Sui (SUI) is a new Layer 1 blockchain platform launched in 2023. The platform is designed to deliver high scalability, guaranteed security, and a seamless user experience. So, what is the prediction for the price of Sui (SUI) in the future? Keep following this article.
Since its launch, SUI has attracted the attention of many investors and developers, and the SUI token price has shown significant growth.
This article discusses Sui (SUI) price predictions from 2024 to 2030. This analysis uses technical indicators that are easy for traders to understand and aims to predict future Sui price movements.
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Current State of Sui (SUI).
- Current price: $1.55
- Market cap: $1,890,972,315
- Circulation in circulation: 1,230,916,718 SUI
- All-time high price: $1.96 (February 14, 2024)
- All-time low: $0.3643 (October 19, 2023)
What is Sui (SUI)?
Sui is a smart contract platform managed by independent validators. Its use is similar to validators or miners in other blockchain systems.
Sui has a native token called SUI, which is used to pay gas fees. Users can stake their SUI tokens with validators using a Delegated Proof-of-Stake model.
How Does the Sui Blockchain Work?
The Sui blockchain consists of three main components:
Objects
Objects in Sui are elements that can be programmed and managed by smart contracts created with Move. Sui objects can be mutable data or immutable packages.
Transactions
Every change and update to the Sui ledger is described by a transaction. These transactions are essentially a record of activity that occurs on the Sui network.
Validators
Independent validators act as managers of the entire Sui network. They run unique versions of Sui software on their respective hardware. These validators work together to ensure the accuracy and security of the Sui network.
Also Read How to Buy Crypto:
Sui (SUI) Price Prediction 2024
Source: Bittime
- CoinMarketCap Ranking: #57
- Based on technical analysis, the price of Sui (SUI) is predicted to move up. The price is currently forming a "rounding bottom" pattern which indicates a potential long-term price reversal in a bullish (upward) direction.
- If the trend continues, SUI price may reach resistance at $1.6632 and $1.9903. Conversely, if the trend reverses, SUI price could fall to support at $1.3910.
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Resistance and support levels for 2024:
- Resistance 1: $2.0141
- Resistance 2: $3.3007
- Support 1: $1.2363
- Support 2: $0.7639
Other technical indicators that support the bullish prediction:
- 50-day Moving Average (MA): $1.0878. The current price ($1.5980) is above the 50-day MA, which indicates a bullish trend.
- Relative Strength Index (RSI): 65.9543. The current RSI value shows neutral conditions, neither oversold nor overbought.
Nevertheless, the Relative Volume (RVOL) indicator shows weak trading volume at the moment.
Sui Price Prediction (SUI) 2025, 2026 – 2030
Sui (SUI) price predictions for the next years are as follows:
| Year | Bullish Price | Bearish Price |
| 2025 | $6 | $0.7 |
| 2026 | $8 | $0.6 |
| 2027 | $11 | $0.5 |
| 2028 | $13 | $0.4 |
| 2029 | $15 | $0.3 |
| 2030 | $17 | $0.2 |
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Conclusion
The bullish prediction of Sui (SUI) price for 2024 is $3.3007, while the bearish prediction is $0.7639. Sui price may reach $5 if market and investor sentiment is positive. Additionally, with the future development of the Sui ecosystem, Sui has the potential to surpass its current all-time high (ATH) of $1.96.
It should be noted that this prediction is only based on technical analysis and is not a definite guarantee of Sui price movements in the future. Always do your own research before investing in cryptocurrency.
How to Buy Sui (SUI) on Bittime
You can buy and sell Sui (SUI) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Sui (SUI) is available on Bittime with the market pair SUI/IDR. To be able to buy SUI IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Sui (SUI) on Bittime.
Monitor the price chart movements of Sui (SUI), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
SUI Price Analysis: Can it Touch $5?
SUI IS REALLY SWEET, Level Up and get prizes up to 1M Rupiah
Sui Network Reaches TVL $593 Million, Competing with STRK and Calestia
Wow, Sui Price Has Increased 3x in the Last 3 Months, a Sign of Changing Guards in DeFi?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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