SUI Price Surges 14% as Analyst Predicts 300% Increase This Year
SUI has increased by 14% in the last 24 hours as the crypto market recovers. The token is attempting to reclaim a key support level, potentially leading to a retest of its all-time high (ATH). VanEck forecasts a 300% price surge for SUI this year.
SUI Retests Key Support Level
- The crypto market shows signs of recovery after recent declines.
- SUI fell below $4 for the first time since December, reaching a low of $3.49.
- After a rebound, SUI has risen back to the $4 range, closing at $4.2.
- To maintain its upward trend, SUI must stay above $4.18.
- This could set the stage for a retest of the $5 barrier.
SUI’s Price Eyes Double-Digits This Year
- Patrick Bush from VanEck believes SUI will outperform Aptos (APT) due to its efficiency and scaling potential.
- SUI's unique features attract investors and application developers.
- Recent data shows heightened global search interest for SUI compared to Solana and Ethereum.
- Bush projects SUI's market cap to reach $61 billion by 2025, estimating a price of around $16.
Currently, SUI is trading at $4.13, reflecting a 14% increase in the daily timeframe.
