$SUI Current Price: $4.3591

24h Change: -3.18%

Rank: No. 15

Market Cap: $12.75B

Fully Diluted Market Cap: $43.54B

Market Dominance: 0.3621%

24h Trading Volume: $2.53B

Vol/Market Cap Ratio: 19.84%

Circulating Supply: 2.93B SUI

Max Supply: 10B SUI

Total Supply: 10B SUI

Issue Date: May 3, 2023

Issue Price: $0.10

Overview

SUI (SUI/USDT) has established itself as a top-tier cryptocurrency, currently ranked No. 15. Despite a slight 3.18% drop in the last 24 hours, SUI maintains a robust market cap of $12.75 billion and a fully diluted valuation of $43.54 billion, highlighting its significance in the market.

The token's circulating supply of 2.93 billion SUI represents about 29.3% of its maximum supply of 10 billion, leaving room for potential growth as more tokens are released into circulation.

Price Performance

1. All-Time High: $4.9309 (December 16, 2024).

The current price is 11.6% below the ATH, offering a potential entry point for buyers.

2. All-Time Low: $0.3643 (up over 1,095% from its lowest price).

Since its launch at an issue price of $0.10, SUI has delivered exceptional returns, making it an attractive asset for long-term holders.

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Market Liquidity and Activity

Trading Volume: $2.53B in the past 24 hours, reflecting strong market interest.

Vol/Market Cap Ratio: 19.84%, indicating healthy liquidity levels.

The high trading volume ensures efficient price discovery and supports both spot and futures trading strategies.

Support and Resistance Levels

Support Levels:

$4.200 (immediate support).

$4.000 (key support zone).

Resistance Levels:

$4.500 (short-term resistance).

$4.750 (major breakout level).

Spot and Futures Trading Signals

Spot Trading Signals

1. Buy Zone:

Accumulate between $4.200–$4.300 during dips.

2. Profit Targets:

Short-term: $4.500–$4.750.

Long-term: $5.000–$5.200.

3. Recommendation: Gradually accumulate at support levels for medium to long-term gains, especially if SUI holds above $4.000.

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Futures Trading Signals

1. Long Position:

Entry: $4.300–$4.350.

Take Profit (TP): $4.500–$4.750.

Stop Loss (SL): $4.150 (below support).

2. Short Position:

Entry: $4.750 (if rejected at resistance).

Take Profit (TP): $4.400–$4.200.

Stop Loss (SL): $4.850 (above resistance).

3. Current Signal:

Neutral to Bullish Bias: Focus on long entries near $4.300 if support holds.

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Conclusion

SUI (SUI/USDT) is a high-value cryptocurrency with strong fundamentals and active market participation. While the current dip presents a potential buying opportunity, traders should closely monitor key support and resistance levels.

Spot Signal: Buy near $4.200–$4.300 with targets at $4.500–$4.750.

Futures Signal: Long above

$4.300 or short near $4.750, depending on market action.