Sui (SUI) Price Soars by 18%: Is a New All-Time High Coming?
Sui (SUI) has recorded a dramatic increase in its price and market cap, raising excitement about a potential new all-time high.
The cryptocurrency market has seen a continuation of its rally today, with major assets like Bitcoin, Ethereum, and Ripple experiencing gains.
Sui (SUI) has stood out with a remarkable price increase of nearly 20% within the last 24 hours. Many analysts are speculating that it may be heading towards a significant bull run that could set a new all-time high.
Upcoming Targets
Currently, SUI trades just shy of $2, marking its highest point since mid-November. Its market capitalization has surged past $7.5 billion, positioning it as the 27th largest cryptocurrency, ahead of notable altcoins like Litecoin and Hyperliquid.
Analyst Crypto Winkle highlighted SUI’s upward movement, indicating that the asset has made a “clean break” above $1.80 with a “strong structure.” He also mentioned that on-chain activity has notably increased since late November, with growing usage, while ETF filings provide an institutional framework beyond mere hype.
“As long as Sui Network holds above the previous value, the trend remains positive. Acceptance above $2.00 could trigger the next growth phase,” they forecasted.
X users Crypto Catalysts and MOON JEFF also shared their insights. Crypto Catalysts set an ambitious target of at least $8 in the upcoming weeks, while MOON JEFF referred to SUI as “underrated,” expressing that he would not be surprised to see its market cap leap to $30 billion during a favorable alt-season.
Lucky, an analyst with nearly 2 million followers on X, suggested that SUI may be poised for a promising start to 2026, predicting it could rise to around $4.44.
High-Risk Assessment
Despite a generally positive outlook from many analysts, some caution against a possible market correction. Analyst Chill Trader pointed out that SUI currently falls within a “high-risk area,” suggesting that a downturn might be plausible.
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Traders should also note SUI’s Relative Strength Index (RSI), which is a tool used in technical analysis to highlight possible trend reversals. The RSI currently sits at 87, the highest level recorded since July of the previous year, suggesting that prices might have increased excessively in a short timeframe.
