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SUI is showing signs of strength despite recent volatility. The token has dropped 14% this week and might face bearish pressure as analysts watch for a breakout.
SUI has witnessed price swings over the last 24 hours. It dropped to $2.71 before rebounding to $2.92. SUI faced strong resistance at $2.82, and the price fell back to $2.78-$2.79. The token found support at $2.72-$2.75 and bounced several times. It may now move sideways as traders wait for the next breakout.
SUI’s open interest has also taken a hit. For the first time in over three weeks, SUI’s open interest dropped to $1.19 billion, down over 40% from its all-time high of $2.05 billion. SUI may continue to struggle in the short term unless the buying momentum picks up.
If SUI sees a trend reversal, it could bounce back to test resistance at $2.93 and possibly $3.50. The price might even aim for $4. On the flip side, if bearish pressure continues, SUI could slide down to its key support level near $2.40 this month.
On-chain activity is booming, and the DeFi scene on Sui is thriving too. The 24‑hour DEX volume sits at $398 million, which shows heavy trading activity.
Analysts said that Sui is showing strong growth across the board, making it one of the most promising ecosystems right now. Stablecoin volume has jumped from $400M in January to nearly $1.2B, while TVL has surged to $1.8B, ranking Sui 3rd among non-EVM chains.
Wallet adoptions are accelerating as well, with the integration of Phantom and the rebranded SUI wallet Slush. SuiLend has reached over $600M in TVL, which is a 90% increase in the past month. A break above $3.30 could spark a major rally in SUI and set the stage for new all-time highs.
According to CoinCodex, by 2029, SUI could hit $12.05, a potential 323% gain from today’s price. For 2030, forecasts show a range between $6.00 and $10.87. CoinDCX predicts SUI could rise from $2.80 in 2025 to as high as $11.00 by 2030. The outlook remains bullish for the long term.
For SUI to reach $100, it would require nearly 30x to 35x growth from even the most bullish targets. Most realistic forecasts for 2030 place SUI between $6 and $12. So, unless Sui sees massive adoption and becomes a top-tier blockchain, $100 remains a far-fetched dream as of now.
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