SUI Drops 14% This Week Amid Volatility and Bearish Pressure

SUI, a cryptocurrency, has shown 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, dropping to $2.71 before rebounding to $2.92. It 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 $400 million in January to nearly $1.2 billion, while TVL has surged to $1.8 billion, 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 $600 million 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 the analyst's forecast, 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. Another analyst 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.

The current price of SUI is $2.82, with a bearish sentiment indicated by technical indicators. The Fear & Greed Index stands at 57, suggesting a state of greed among investors. However, the 14-day Relative Strength Index (RSI) is at 37.46, indicating a neutral position for the market. Over the next five days, SUI is expected to reach a high of $2.83, representing a 0.41% growth from the current price. This follows a -15.24% price change over the last seven days. For the month of June 2025, the price is forecasted to decrease to $2.25, following a -26.67% change in the past month. The expected range for June is between $1.977822 and $2.83, with an average price of $2.25. This could lead to a potential loss of 29.92%, indicating a bearish sentiment for the month.

Looking ahead to July 2025, the forecast suggests a positive trend for SUI, with a price range between $2.10 and $2.30, and an average monthly price of $2.22. Investors could experience a potential gain of 18.56% if buying SUI at current prices. August 2025 is expected to see an increase to $2.19, with a range between $2.12 and $2.28, potentially leading to a gain of 19.18%. September 2025 is predicted to rise to $2.06, with a range from $1.94545 to $2.16, offering a potential return of 23.55%. October 2025 is expected to reject the negative trend seen in September, with a range between $2.06 and $2.15, and an average monthly value of $2.11, potentially offering a return of 23.69%.

For the remainder of 2025, November is forecasted to see a price increase to $2.23, with a range between $2.14 and $2.32, and a potential gain of 17.75%. December is expected to finish the year with a trading channel between $2.24 and $2.31, potentially generating a profit of 18.23% if SUI follows the prediction. Moving into 2026, SUI is forecasted to trade in a price channel between $2.23 and $7.78, with an average price of $4.60. The most bullish month for SUI could be April, when the currency is anticipated to trade 175.50% higher than today. For 2027, SUI is expected to hit a high point of $5.05 in January and reach a low of $2.68 in August, with an average price of $3.56. In 2028, the outlook indicates a possible uptrend, with an expected price of $3.25, representing a 15.22% increase from the current price. The asset's price is projected to oscillate between $2.77 in May and $4.12 in October, suggesting a favorable investment environment.

For 2029, following a bullish trend in the previous year, SUI’s value is forecasted to increase, potentially reaching an average price of $5.52. The price is predicted to fluctuate between a low of $3.80 in January and a high of $12.05 in December. In 2030, SUI is expected to experience significant growth, with fluctuations ranging from $6.00 to $10.87. Investors might anticipate a potential ROI of 285.27%, aligning with a bullish outlook for the year. Overall, the long-term forecast for SUI suggests a bullish trend, with potential highs of $12.05 and lows of $1.94545 over the period. However, reaching $100 by 2050 is considered unlikely, with the highest expected price estimated to be $81.76. The current bearish sentiment and technical indicators suggest that it may not be the best time to invest in SUI, but long-term investors may see potential gains in the coming years.