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Cryptocurrency News Articles
SUI Price Prediction to Reach 8 Dollars by 2025
May 19, 2025 at 03:00 am
SUI is currently trading at $3.85, with a 1.66% gain over the past 24 hours. The trading volume, however, dropped by a considerable 17.58% to reach $904.19 million.
The price of SUI is currently up by 1.66% over the past 24 hours, trading at $3.85. However, the trading volume dropped by 17.58% to reach $904.19 million. In the seven-day period, SUI is down by 3.27%.
As per analysts at DyorNetCrypto, the price of SUI has been showing cyclical behavior, moving between periods of pullback and bullish rally. The support level for the price of SUI is at approximately $3.5807 (MA25), while the resistance at the top is at $4.2375 (BB High).
The indicators suggest a complicated technical setup: the moderate bullish trend continues to hold with an ADX of 41.77, but an oversold StochRSI (K: 6.95, D: 25.67) suggests a possible rebound.
Traders have a target of $4.00 for the price of SUI, with a suggested stop loss of $3.50 to reduce downside risk. Despite widespread conservatism, the trend is still positive, supported by firming support, as well as past buying pressure.
Bitlayer Launches YBTC on Sui Chain in Latest DeFi Innovation
Bitlayer on Monday announced the launch of its Peg-BTC (YBTC) to the Sui blockchain as the latest addition to the fast-growing decentralized finance (DeFi) ecosystem.
The service is now available, according to an announcement on May 15. It includes the integration of Bitlayer’s bespoke BitVM Bridge technology.
With the service, users can deposit native BTC into Bitlayer, where it will be credited as an equivalent value in YBTC on the Sui chain. This synthetic asset fully mirrors the price of BTC, offering a 1:1 linkage for efficient cross-chain interaction.
On Sui, YBTC will be available for typical DeFi use cases like staking, lending, and decentralized exchange (DEX) liquidity provision.
Bitlayer’s documentation explains that its BitVM Bridge technology is capable of transferring any value type (e.g., ETH, ERC20 tokens) across chains. It uses a light client proof-based mechanism to mitigate intermediate risks.
The integration comes after Bitlayer announced the addition of more Bitcoin (BTC) to its liquidity pool. More than 587 BTC have been added since February 2025, which pushes the TVL at the protocol to over 10%.
This launch is part of Bitlayer’s broader strategy to expand the presence of BTC in DeFi, which is a space that has historically been dominated by Ether (ETH).
SUI price forecast to reach 8 dollars by 2025
The price of SUI could rise to as high as $8.25 (minimum price levels of $8.48) by December of 2025, according to digital asset price analysis platform DyorNetCrypto. This would see SUI more than double from its current levels of around $3.82 at the time of writing.
SUI hit a high of $5.35 earlier this year before a downturn in crypto markets saw the token pullback to lows of $3.52 last month, a level not seen since 2021.
Its price movements are currently largely dictated by broader market trends, but there are a few key technical indicators to watch. The MACD is currently in bullish territory, while the RSI is approaching oversold levels. This suggests that the price of SUI could be due for a period of consolidation or even a slight pullback from current levels.
The price of SUI is up by 1.66% over the past 24 hours, trading at $3.85. However, the trading volume dropped by 17.58% to reach $904.19 million. In the seven-day period, SUI is down by 3.27%.
SUI price technical analysis: A complicated technical setup
The price of SUI is showing some interesting technical moves. As per the latest reading from Benzinga Pro on Monday morning, here’s a technical breakdown of SUI:
*The price of SUI has support at MA25: $3.5807 and resistance at BB High: $4.2375.
*The ADX is 41.77, which indicates a strong trend. The MACD is in moderate bullish territory.
*The StochRSI is K: 6.95, D: 25.67, which suggests that the price of SUI is oversold and could be due for a rebound.
What next for the price of SUI?
The price of SUI is up by 1.6
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- XRP Price Prediction: Momentum Builds Towards Breakout to $2.50 as ETF Approvals and New Token Offering Rumors Ignite Bullish Sentiment
- May 19, 2025 at 08:50 am
- Ripple's XRP token is once again in the spotlight, with traders and analysts targeting a potential breakout to $2.50 as momentum builds around May's key price levels.
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