$SUI USD: Preparing for a New Wave in 2025
As we step into 2025, many cryptocurrency traders are eyeing the potential breakout of $SUI, with its current price of $4.4551, reflecting a 7.43% gain. The price action of SUIUSDT Perp has also seen a notable 7.58% increase, hinting at strong momentum in the market.
Looking at SUI on higher timeframes, there are intriguing patterns that suggest the coin may be gearing up for a significant move. Based on previous experiences with similar coins, if the 1.618 Fibonacci level holds as support, there's a high probability that SUI could surge towards $7.50+. However, this price move is expected to be followed by a sharp sell-off, which could present an excellent buying opportunity.
For those planning to enter, the anticipated correction may serve as a chance to accumulate more SUI, with the ultimate target set at $22+ in the longer term. These insights are based on current market structure and Fibonacci retracement analysis.
As always, traders should remain cautious and keep an eye on key levels to ensure they’re prepared for any market fluctuations. Wishing everyone a healthy and prosperous 2025, and may your trades be profitable!
