#Suipriceanaysis

SUI price has increased significantly in last few days rising by 99% in the last month and by 10% in last 24 hours. The increased traction may be linked to the partnership made by the network with Babylon Labs and Lombard Protocol to enter the Bitcoin staking market. This is a strategic partnership designed to bring the Sui’s ecosystem closer to the $1.8 trillion BTC market in which BTC holders will be able to deploy their coins, and earn LBTC, liquid staking tokens, on the Sui’s network. Such tokens can be further used for DeFi purposes of lending, borrowing and exchanging the tokens.

The SUI/USDT pair on a 1 day time frame shows a bullish trend. Currently the price for this asset stands at $3.39 and trades inside an upward slopping bullish channel. The price has increased fairly; therefore it is safe to assume that momentum is building as price moves from the support zone of 0.91 dollars. This area has been a strong support for the price as the price keeps making higher highs with each advance made within the channel. Most recent SUI price actions show the coin testing a resistance near the $3.86 level and should this be broken, further gains should be towards $4.66.

Analysts share an enthusiastic perspective as it seems all their hopes reside in the SUI project. They predict that SUI price could depreciate to as low as €7.08 in September 2025, with the highest possible price expectations the same year reaching €9.44.#SUI #Crypto