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Title: Sui Price Prediction & Analysis: The Next Solana? Why Some See Potential for 200% Gains
SUI token has seen remarkable growth with a 639% increase over the past year, with its market capitalization expanding from under $1 billion to $14 billion. As it continues to develop its ecosystem and strategic partnerships, some analysts believe that SUI has the potential to mirror Solana’s historic bull run, potentially reaching $26.71 or even $13.85 if it reaches half of Solana’s peak level.
Comparisons with Tron ($26 billion) and Cardano ($38 billion) demonstrate that SUI’s market capitalization is feasible, especially considering its rapid growth. Furthermore, the recent Walrus Protocol mainnet launch has been a catalyst for recent price action, indicating healthy accumulation and decreasing volatility.
The token experienced a 30% decrease from $2.36 to $1.69 several months ago, but has since recovered and maintained higher lows since reaching its local bottom. This suggests that SUI may be in the process of forming a new base before potentially breaking out to new highs.
As we can see on the charts, support levels at $4.47 and $3.93 provide a foundation for continued upward movement, limiting potential downside in case of market corrections. Meanwhile, a breakthrough above $4.95 would signal entry into price discovery mode, with the $5 level representing the next major psychological barrier for traders.
Overall, SUI’s growth trajectory appears to be driven by its ecosystem development and strategic partnerships, which could propel it towards 200% gains in the near future.
Source: https://coincentral.com/sui-price-prediction-analysis-the-next-solana-why-some-see-potential-for-200-gains/
