SUI Price Soars After Finding Support at $3.75, By Pintu News

SUI, the native token of the Sui network, experienced a price surge after finding strong support at $3.75 (around Rp61,800).

The native token of the Sui network, SUI, experienced a price surge as it found strong support at $3.75 (around Rp61,800).

In the past 24 hours, SUI traded in a range of $3.70 to $3.86 (Rp61,000-Rp63,500), showing volatility of 4.46%. Trading volume increased significantly, with accumulation exceeding the daily average by 45% at $3,755 (Rp61,900).

At 20:00 local time, the price was up 1.9% on above-average volume, indicating bullish momentum.

The formation of higher lows throughout the day suggests consolidation above the $3,775 support level (IDR 62,200), signaling the potential for a further uptrend.

BitVM Integration and Launch of Peg-BTC

The Sui network announced the integration with the BitVM bridge and the upcoming launch of Peg-BTC (YBTC), expanding DeFi Bitcoin capabilities on the Sui blockchain.

This move aims to improve interoperability and attract more users to the Sui ecosystem.

These announcements contributed to the positive sentiment in the market, supporting SUI’s price gains.

In addition, the total value locked (TVL) on the Sui network increased by 38% in the past week, reaching $1.73 billion. Trading volume on decentralized exchanges also jumped 177%, reaching $600 million, showcasing growing interest in the Sui ecosystem.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Price Predictions and Market Sentiment

According to analysis from CoinCodex, the price of SUI is expected to reach $12.70 by mid-June 2025, indicating a potential upside of 231%.

Technical indicators such as the Bull Bear Power (BBP) and Elder Force Index (EFI) present strong bullish momentum, further supporting the outlook for price increases.

However, it is crucial to note that price predictions are speculative and depend on various market factors. Investors are advised to perform a comprehensive analysis and consider the risks involved before making an investment decision.

Conclusion

SUI displayed a strong recovery as it found support at the $3.75 level. This was supported by increased trading volume and positive market sentiment.

The integration of new technologies, such as BitVM and the launch of Peg-BTC, contribute to the token’s bullish outlook. However, investors should remain vigilant of market volatility and engage in in-depth analysis before investing.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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