Cryptocurrency EducationNEARNewsPrice PredictionSUI

SUI Price Trend and Expectations for 2024-2029: Technical Outlook

2 Mins read

Sui is a blockchain platform and a cryptocurrency that aims to make digital asset ownership fast, private, secure, and accessible. It uses the Move programming language to create objects, which are smart-contract programmable entities that store data and can be executed in parallel. 

Moreover, it has a scalable processing and storage system that can handle large amounts of data at low cost. It is designed to support various applications and enable developers to build user-friendly experiences. 

Sui uses two consensus algorithms: Narwhal and Bullshark (or Tusk). Narwhal ensures data availability, while Bullshark (or Tusk) orders the data for the consensus engine. This is based on a DAG mempool, which is a novel way of organizing transactions. Furthermore, It claims to achieve very high transaction speeds, over 297,000 transactions per second.


SUI Price Trend and Expectations for 2024-2029: Technical Outlook
Source: CoinMarketCap

Sui crypto price daily chart demonstrates the formation of a double top pattern after the price failed to close above the previous high and dropped. The price currently trades near the recent swing high and suggests a bullish outlook in the short term. 

Moreover, the long term trend also supports the buyers as SUI crypto is headed higher forming a bullish trajectory. The daily chart also witnesses a bullish crossover of the EMAs suggesting a strong trend prevailing. 

At the time of writing, the RSI was at 57.98 and the SMA line was at 63.37. The RSI line has made a bearish cross of the SMA line indicating bearish sentiments in the short term.  

Sui Price Prediction 2024

SUI Price Trend and Expectations for 2024-2029: Technical Outlook
Source: SUI/USD by TradingView

The price prediction of SUI crypto for  2024 shows that the analysts are bullish about the price trend and expect the price to reach a high of $1.422 by the year end. Moreover, the bearish view of analysts expects the price to reach $1.085 by 2024. 

Sui Price Prediction 2025

The most optimistic analyst forecast for the Sui coin expects the price to reach a high of $1.945 with a potential gain of 132% from the CMP. The minimum forecasted price by the end of 2025 is $1.403.

Sui Price Prediction 2026

Over the next two years, the Sui crypto may attain a high of $2.38. Whereas the lowest price that the crypto may attain is $1.844.

Sui Price Prediction 2027

The most optimistic price target that the SUI crypto may achieve by 2027 is $2.92. On the other hand, the lowest price target is $2.251. 

Sui Price Prediction 2028

Till 2028, the overall crypto market may see more exposure and evolve more. On the most optimistic side, the SUI crypto price may reach a high of $3.480. On the flip side, the most pessimistic price that SUI crypto may attain is assumed at $2.883. 

Sui Price Prediction 2029

As per the analysts, SUI price may rise as high as $4.122 by the next five years. However, the pessimistic view of analysts expects the price to reach $3.420.


1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.