After a New ATH, $SUI Price Aims at Another 20% Rise - CoinPedia Analytics

The SUI token has recently made headlines by surpassing the $2 mark and hitting a new all-time high (ATH) of $2.36. This upward momentum has ignited bullish sentiment among traders, drawing comparisons to Solana's massive 2021 rally. The price is showing signs of entering a price discovery phase, where it's expected to continue climbing, with the next target between $2.5 and $2.55.

However, technical indicators such as the StochRSI and MACD point to a short-term bearish phase, potentially leading to a pullback towards $2.16. Despite this, a strong rebound from support could trigger a renewed upswing, pushing SUI towards $3 by the end of the month and possibly reaching $5 by year-end. Overall, while short-term volatility may shake the market, the long-term outlook remains highly optimistic for SUI.