SUI Price at the Brink: Is It the Next Big Hit in 2025?
A deep dive into SUI's technical setup, moving averages, and market activity as traders speculate on its potential to challenge Ethereum.
SUI price has shown sluggish movement in June, yet some traders remain hopeful for a surge. The platform is experiencing growth in both health and usage. Is there enough traction to elevate the price? Does increased usage equate to demand for the coin?
Remarkably, @SuiNetwork seems poised to surpass Ethereum in monthly stablecoin transactions 馃憖
Ethereum: 16.1M
SUI: 14.0M and rising 馃啓This is significant: A network launched just two years ago is on track to outpace the original smart contract platform.
Usage > narrative
Speed > history
In May, there was a noticeable uptick in stablecoin transactions, demonstrating the potential connection between network usage and SUI demand. Tracking on the 1-hour chart, we note some buyer pressure surfacing.
Key Insights
- The Weekly timeframe analysis highlights a bullish trend characterized by rising highs and lows.
- A key resistance seems to be forming at the yearly open level, which could indicate a potential market stabilization.
- Daily Insights: There was a filling of the Daily FVG recently amid a bullish candle pattern suggesting market strength.
In sweeping through the candles, the bullish patterns reactivate the hope for upward movement, providing a strategic entry point in a potentially promising trade setup for 2025.
Join the 99Bitcoins News Discord for up-to-date insights.
