SUI Price Prediction: Can SUI Hit $30-$50 in This Bull Market?

SUI price performance can not be doubted in the last couple of months as this project, birthed in the heat of the bear market, has exceeded the expectations

SUI has performed remarkably in recent months, attracting attention due to its ability to maintain a bullish price trend even during market turbulence. As the price of Bitcoin and other altcoins has experienced significant drops, SUI has demonstrated strength by holding its price above $4.5.

Several analysts have expressed optimism about SUI's potential to rise further in this bull market, speculating that it could reach $30-$50, which might be a conservative estimate considering some crucial factors.

SUI, a layer-1 blockchain technology that has often been compared to Solana in terms of potential, has seen significant growth in its ecosystem. Its price has risen exponentially early on, showing an increase of over 500% since last year, and it is expected to continue growing at an impressive rate.

After reaching a low of $0.36 in October 2鰺3, SUI's price has rallied remarkably, showing an increase of over 1200% since it became available for trading.

With a market cap of $14.55B, SUI has potential for further growth, especially if its price were to compete with other top layer-1 blockchains in the crypto industry.

TVL And Ecosystem Growth

SUI's growth has been evident across its ecosystem, notably in its Total Value Locked (TVL) which has crossed the $2B mark. This rise in TVL has been attributed to memecoins and an increase in activities by developers building on the SUI network.

As TVL is expected to grow even further, we can anticipate increased developer activity and community engagement, which could be crucial in driving SUI to new all-time highs and boosting its marketcap in the coming months.

Technical Analysis And Expert Views

DegenDollaz expressed his price target for SUI in 2025 on his X account, stating that the price could reach as high as $30 due to several reasons, including community growth, technological advancements, memecoins growth, and an increasing search for SUI as the hottest crypto asset to hold in one's portfolio.

The price of SUI has maintained an uptrend for over a year now since rallying above the 50-day and 200-day EMAs. Price has respected these indicators, trading above them and using their key points as support.

On the higher timeframe, SUI has shown great strength in bullish price continuation and dominance without any plans to slow down or stop anytime soon. If the price of SUI continues to trend above $4, we could see the price hitting $10 in the coming month as the price has the potential to rally higher to $50.

Key Support Zone For SUI - $4 and $3.8