Can SUI Hit $100?
The post Can SUI Hit $100? SUI Struggles Below $3 as Traders Await Breakout. SUI has seen price swings over the last 24 hours. SUI is showing signs of strength despite recent volatility. The token dropped 14% today and might face bearish pressure as analysts look for a breakout. SUI has been struggling below $3 as traders expect a breakout. It dropped to $2.71 before rebounding to $2.92. Facing strong resistance at $2.82, the price fell back to $2.78-$2.79. The token found support at $2.72-$2.75 and bounced several times. SUI’s open interest has also taken a hit, dropping to $1.19 billion for the first time in over 3 weeks, down over 40% from its all-time high of $2.05 billion. On-chain activity is booming, with the 24-hour DEX volume at $398 million, indicating heavy trading activity.
The DeFi scene on SUI is flourishing too. Analysts note strong growth across the board, making SUI one of the most promising communities. Stablecoin volume has surged from $400M in January to nearly $1.2B, while TVL has risen to $1.8B, ranking SUI 3rd among non-EVM chains. Wallet adoptions are accelerating, with the integration of Phantom and the rebranded SUI wallet Slush. SuiLend has reached over $600M in TVL, a 90% increase in the previous month. A break above $3.30 could trigger a significant rally in SUI and set the stage for new all-time highs.
Is $100 Within Reach for SUI? By 2029, projections show SUI could hit $12.05, a potential 323% gain from today’s price. By 2030, estimates range between $6.00 and $10.87. CoinDCX predicts SUI could rise from $2.80 in 2025 to as high as $11.00 by 2030. While the long-term outlook remains bullish, reaching $100 would require significant growth. Unless SUI sees massive adoption and becomes a top-tier blockchain, $100 remains a far-fetched dream for now.
