Sui Price Prediction 2024-2030: Is SUI A Good Investment?

Key Takeaways

Our SUI price prediction indicates a high of $1.60 by the end of 2024.

In 2025, SUI will range between $1.88 and $2.35, with an average price of $1.94.

In 2030, it will range between $12.70 and $15.09, with an average price of $13.06.

According to Coinmarketcap data, SUI trades below its initial listing price, raising concerns among its investors. Over the last 30 days, it has dropped 19%, but it is bullish in the short term and set to trend higher in the long term.

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.

Also Read: Sui Network clarifies Information on its tokenomics | Cryptopolitan

Is SUI a good investment? Will it go up? Where will it be in five years? Our SUI Cryptopolitan Price Prediction answers these questions and more.

Overview

CryptocurrencySuiTickerSUICurrent Price$1.12Market Cap$2,616,883,607Trading Volume$194,159,066Circulating Supply2,339,196,966All-time High$2.18 on Mar 27,2024All-time Low$0.3643 on Oct 19,202324-hour High$1.1524-hour Low$1.08

SUI Price Prediction: Technical Analysis

MetricValueVolatility (30-day Variation)9.97%50-day SMA$1.256200-day SMA$1.159SentimentNeutralFear and Greed Index76 (Extreme Greed)Green Days12/30 (40%)

SUI Price Analysis: SUI to Trade Higher

Key Takeaways

SUI registers positive momentum with resistance at $1.3055.

A move above 70 RSI will necessitate a sharp reversal.

SUI/USD 1-day Chart: SUI is breaking out upward

SUI is breaking out upward following a downward trend that began in March. It trades between the 78.60 and 61.80 percentile. It registers positive momentum with resistance at $1.2954. The RSI is neutral, suggesting plenty of room for price movement in either direction.

SUI/USDT 4-hour price chart. Image Source: TradingView

SUI/USD 4-hour Chart: SUI Forms a Bullish Flag Pattern

SUI has formed a bullish flag pattern, signaling a move higher from current levels. The last flag resulted in a higher high; a similar scenario should play out over the short term. A move above 70 RSI will necessitate a sharp reversal.

SUI/USDT 4-hour Price Chart. Image Source: TradingView

SUI Technical Indicators: Levels and Action

Daily Simple Moving Average

PeriodValue ($)ActionSMA 31.124BUYSMA 51.102BUYSMA 101.067BUYSMA 211.070BUYSMA 501.255SELLSMA 1001.473SELLSMA 2001.159SELL

Daily Exponential Moving Average

PeriodValue ($)ActionEMA 31.066BUYEMA 51.080BUYEMA 101.114BUYEMA 211.193SELLEMA 501.341SELLEMA 1001.361SELLEMA 2001.214SELL

What to Expect from SUI Price Analysis Next?

The current sentiment is neutral, while the Fear & Greed Index shows Extreme Greed. Sui Crypto recorded 12/30 (40%) green days. The charts indicate that SUI will trade higher with resistance at $1.295.

Is SUI a Good Investment?

The SUI has utility, and upcoming developments like the Mysticeti protocol will lead to a more efficient network. SUI is a victim of the crypto market dynamics but continues to scale higher. As per the price predictions, SUI will set record prices in the coming years.

Recent News/ Updates

SUI recently announced the deployment of the Mysticeti consensus protocol on the SUI testnet. Once deployed on the mainnet, this development will reduce consensus time by 50%.

Also read: Sui Sets New Standard for Blockchain Transaction Speeds

SUI Price Prediction May 2024

SUI’s price will break higher from current levels, with room for $1.294 before the end of the month. It will trade at an average of $1.09.

MonthPotential Low ($)Potential Average ($)Potential High ($)May0.891.091.30

SUI Price Prediction 2024

The price predictions for SUI for the second half of 2024 are bullish. It will trade between $0.89 and $1.60 and average $1.39.

YearPotential Low ($)Potential Average ($)Potential High ($)20240.891.391.60

SUI Price Predictions 2025-2030

YearPotential Low ($)Potential Average ($)Potential High ($)2025$1.88$1.94$2.352026$2.80$2.87$3.272027$4.23$4.34$4.892028$6.20$6.37$7.452029$8.82$9.08$10.402030$12.70$13.06$15.09

SUI Price Prediction 2025

The SUI forecast for 2025 indicates a high of $2.35. In a correction, SUI might rest at a minimum price of $1.88, making an average price of $1.94.

SUI Price Prediction 2026

The year 2026 will experience more bullish momentum. According to the SUI price prediction, it will range between $2.80 and $3.27, with an average trading price of $2.87.

SUI Price Prediction 2027

The SUI’s price prediction climbs higher into 2027. According to the prediction, it will range between $4.23 and $4.89, with an average of $4.34.

SUI Price Prediction 2028

According to the SUI price prediction, SUI will range between $6.20 and $7.45, with an average of $6.37.

Also Read: Sui Turns One: Debut Year of Growth and Tech Breakthroughs Puts Sui at Forefront of Web3

SUI Price Prediction 2029

According to the SUI coin price prediction for 2029, the SUI price will reach a maximum and minimum cost of $10.40 and $8.82, respectively, with an average of $9.08.

SUI Price Prediction 2030

The SUI coin price prediction 2030 indicates a price range of $12.70 and $15.09 and an average price of $13.06.

SUI Price Prediction Chart.

SUI Market Price Prediction: Analysts’ SUI Price Forecast

Firm20242025DigitalCoinPrice$2.35$2.76Changelly$1.67$2.50Gate.io$1.14$1.19

Cryptopolitan’s SUI Price Prediction

According to Coinmarketcap, SUI has dropped 34% from its initial listing price. At current levels, it is bullish despite dropping 20% in the last 30 days.

It will achieve a high of $1.60 in the second half of 2024. In 2025, it will range between $1.88 and $2.35, with an average price of $1.94. In 2030, it will trade between $12.70 and $15.09. Note that the predictions are not investment advice; conduct your own research before investing.