Sui (SUI) Surges by 18% Daily: New ATH Knocking on the Door?
The cryptocurrency market prolonged its rally at present (January 6), with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and lots of different main digital belongings posting extra positive factors.
Sui (SUI) has witnessed an much more spectacular improve, with its value surging by nearly 20% over the previous 24 hours. Numerous analysts now imagine it might be on the verge of a significant bull run which may end in a brand new all-time high.
The Next Targets
SUI’s value at present trades slightly below $2, the highest degree since mid-November. Its market capitalization soared above $7.5 billion, making it the Twenty seventh-largest digital asset, larger than Litecoin (LTC), Hyperliquid (HYPE), and different in style altcoins.
X consumer Crypto Winkle noted SUI’s latest uptrend, arguing the value has initiated a “clear break” above $1.80 with “sturdy construction.” The analyst additionally claimed that on-chain exercise has considerably elevated since late November, utilization has been rising, whereas the ETF filings “add institutional context, not simply hype.”
“As lengthy as Sui Network holds above [the] prior worth, the pattern stays constructive. Acceptance above $2.00 opens the subsequent leg,” they predicted.
X customers Crypto Catalysts and MOON JEFF gave their two cents, too. The former set the formidable goal of no less than $8 in the coming weeks, whereas the latter described SUI as “underrated” and mentioned he gained’t be shocked if its market capitalization explodes to $30 billion “in a great altseason.”
Lucky, who has nearly 2 million followers on X, can also be bullish. At the begin of 2026, the analyst suggested SUI may be gearing up for a constructive first quarter, envisioning an increase to roughly $4.44.
High-Risk Area?
While most analysts who’ve touched on SUI forecast additional positive factors in the brief time period, some suppose an impending correction may be an possibility. X consumer Chill Trader claimed the asset at present represents a “high-risk space,” arguing {that a} pullback gained’t be shocking.
SUI’s Relative Strength Index (RSI) also needs to function a warning to buyers. Traders use the technical evaluation instrument to identify potential pattern reversals, because it signifies when the token is overbought or oversold. It ranges from 0 to 100, and something above 70 suggests the value has elevated an excessive amount of in a brief interval and might be due for a plunge. On the different hand, ratios under 30 are thought of shopping for alternatives.
Just lately, SUI’s RSI climbed to 87, the highest level witnessed since July final 12 months.
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