Sui (SUI) has experienced a dramatic 350% surge in trading volume following a 22% price crash in early October 2025, reigniting debates about its potential to reclaim $1.65 levels. The token's volatility has drawn both institutional and retail attention, with analysts split on whether the recent turbulence signals a buying opportunity or a deeper bearish trend.
The sharp correction, which saw SUISUI-- drop from $3.43 to $2.63 within a week, coincided with a spike in 24-hour trading volume exceeding $1.1 billion-11% above its 30-day average. This surge in activity followed a failed breakout above $2.82, a critical resistance level that had previously capped gains. "The rejection from $2.82 and subsequent support near $2.72 highlight a tug-of-war between bulls and bears," noted CoinDesk Research, adding that the move has created a "waiting period" for clarity on short-term direction.
Technical indicators paint a mixed picture. While the 55-day simple moving average (SMA) shows bullish momentum with a 1.65% increase, the relative strength index (RSI) and MACD suggest overbought conditions, raising concerns about a near-term correction. The Fear & Greed Index, at 61 (greed), underscores lingering optimism, though a 56% bearish sentiment reading from price prediction models warns of further declines.
Despite the price drop, Sui's ecosystem has shown resilience. Total Value Locked (TVL) hit a record $2.28 billion in July 2025, driven by DeFi protocols like Suilend ($745 million TVL) and Navi ($723 million TVL). This growth contrasts with SUI's price action, which has lagged behind fundamentals. "TVL and DEX volume are surging, but regulatory uncertainty and profit-taking have kept the price at bay," said analysts at BlockNews.
Institutional interest remains a key catalyst. The Sui network recently partnered with World Liberty FinancialWLFI-- (WLFI), a DeFi project linked to Donald Trump's USD1 stablecoin, while gaming project EVE Frontier migrated to Sui, signaling broader adoption. Additionally, 21Shares and Nasdaq's ETF filings-pending SEC approval-could bolster institutional inflows by early 2026.
Long-term price predictions vary widely. Changelly's models project SUI could hit $3.64 by 2030, while AMBCrypto analysts cite Fibonacci projections suggesting a $7 target if the token breaks above $4.10–$5.30 resistance. However, bearish scenarios warn of a potential slide to $1.62 in 2026, driven by token unlocks and macro risks.
The path to $1.65-a level last seen in mid-2025-hinges on several factors. Immediate support at $3.40 (200-day SMA) and $2.82 will be critical in determining whether SUI consolidates or faces deeper declines. A breach below $3.9 could trigger a test of the $2.8 support zone, while sustained momentum above $4.15 might rekindle bullish bets on a retest of the $5.29 all-time high.
Regulatory developments will also play a pivotal role. With the SEC's altcoin ETF review ongoing and the GENIUS Act's stablecoin rules nearing implementation, clarity on Sui's compliance could sway investor sentiment. For now, traders are advised to monitor key levels and volume patterns as the market navigates this volatile phase.
Comentarios
Aún no hay comentarios