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Cryptocurrency News Articles
SUI (SUI) Price Prediction 2025-2030: Will SUI Rise Again?
Jan 09, 2025 at 01:23 am
The SUI crypto made an impressive start to 2025 after reaching an all-time high of $5.30 on January 6th. This milestone followed after the whole sector missed the anticipated Santa Claus rally.
After a stellar 2024, SUI crypto kicked off 2025 with a bang, reaching a new all-time high. But as Bitcoin traders voiced concerns, SUI’s fate took a turn.
Fresh off its record highs, SUI crypto began to show signs of a potential downturn. Veteran trader Peter Brandt shared his pessimism about Bitcoin, warning traders to brace for market corrections.
As if on cue, Bitcoin’s price dropped by over 7% the following day, triggering a domino effect across the crypto market. Like many other altcoins, SUI crypto suffered a sharp 14% decline, now struggling to hold above its 20-day EMA.
Meanwhile, Bitcoin has pierced through its 20-day EMA and is nearing the 50-day EMA, signaling the possibility of further declines that could extend the pressure on altcoins.
While some speculated that SUI crypto‘s drop might be linked to its recent token unlock of January 1st, the price action suggested otherwise. The market indicators pointed to the broader influence of Bitcoin’s movements and its ripple effect in the crypto sector.
Despite SUI crypto’s significant market cap, Bitcoin’s dominance continues to overshadow market dynamics. Interestingly, the token unlock event may have indirectly fueled SUI’s recent growth.
Peter Brandt Warns Investors About an Incoming Sharp Fall in Bitcoin & Altcoin’s
In a recent post on TradingView on January 6th, veteran trader Peter Brandt took a reflective look at Bitcoin’s extraordinary journey. He highlighted its meteoric rise from $0.07 in 2010 to nearly $100,000 in 2025. This staggering growth of a 1.4-million-fold increase showed the unmatched Bitcoin’s ascent.
However, Brandt tempered the excitement with a dose of realism. He shared that with Bitcoin’s market cap now surpassing $2 Trillion, His doubts on the likelihood of achieving such exponential gains again. Furthermore, he pointed out that similar growth trajectories to repeat are less likely.
Brandt also sounded cautionary for traders, urging them to prepare for potential market corrections. He suggested a 50% drop in Bitcoin could bring its price down to around $50,000.
Similarly, His concerns extended to altcoins and meme tokens. That, he warned, could face even steeper losses. He said these assets could shed even 90% or more of their value in a significant downturn.
Will the SUI Price Fall To Reverse Soon, or Fall Will Continue?
The recent price action of SUI crypto highlighted a clear connection to Bitcoin’s decline, which appears to be influenced by Peter Brandt’s cautionary remarks.
His warning of potential market corrections seems to have shaken investor confidence, prompting many to close their positions. Liquidation data supported this sentiment, showing a notable increase in long positions being exited or liquidated.
Bitcoin’s decline could deepen if this trend of profit-taking or sell-off continues. Moreover, altcoins like SUI crypto are likely to follow suit.
However, eyes are set on Bitcoin’s 50-day EMA as a critical dynamic support level. Testing successfully could serve as a pivot point to halt the downtrend.
As for SUI crypto, despite the amplified drop due to Bitcoin’s influence, its price remains within an ascending channel. The SUI price may retreat to the lower boundary of this channel, which aligns with the 50-day EMA, offering a strong base for a reversal.
Suppose the SUI crypto bounces from this support; it could re-enter a price discovery phase, signaling renewed bullish momentum.
While the short-term outlook appears cautious, the long-term perspective for 2025 remains optimistic for SUI. Its continued growth and investor interest further supported this.
Fundamentally, SUI has been outperforming in the DEX space
The SUI crypto network is quietly making waves in decentralized finance, proving itself as a rising contender with its impressive growth metrics.
According to data from DeFiLlama, the platform recently hit a milestone as its Total Value Locked (TVL) soared to an all-time high of $2.187 Billion on January 7th, 2025.
This figure has since settled at $2.026 Billion, but it nevertheless serves as a testament to the trust and confidence market participants have in SUI crypto’s ambitious vision.
Adding to the network’s growing appeal, stablecoins on SUI crypto have been gaining traction. The market cap for these digital assets peaked at $428 million on the same day and now hovers near $413.91 million.
This steady demand highlights an influx of liquidity into the ecosystem, strengthening its position as a hub for DeFi applications.
Moreover, by transitioning from metrics to utility, the S
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