The cryptocurrency market prolonged its rally at the moment (January 6), with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and lots of different main digital property posting extra positive aspects.
Sui (SUI) has witnessed an much more spectacular enhance, with its value surging by nearly 20% over the previous 24 hours. Quite a few analysts now imagine it could possibly be on the verge of a significant bull run which may end in a brand new all-time excessive.
The Subsequent Targets
SUI’s value presently trades just under $2, the very best degree since mid-November. Its market capitalization soared above $7.5 billion, making it the Twenty seventh-largest digital asset, larger than Litecoin (LTC), Hyperliquid (HYPE), and different common altcoins.
X person Crypto Winkle noted SUI’s latest uptrend, arguing the value has initiated a “clear break” above $1.80 with “sturdy construction.” The analyst additionally claimed that on-chain exercise has considerably elevated since late November, utilization has been rising, whereas the ETF filings “add institutional context, not simply hype.”
“So long as Sui Community holds above [the] prior worth, the development stays constructive. Acceptance above $2.00 opens the following leg,” they predicted.
X customers Crypto Catalysts and MOON JEFF gave their two cents, too. The previous set the bold goal of not less than $8 within the coming weeks, whereas the latter described SUI as “underrated” and stated he will not be stunned if its market capitalization explodes to $30 billion “in a very good altseason.”
Fortunate, who has nearly 2 million followers on X, can be bullish. Firstly of 2026, the analyst suggested SUI is perhaps gearing up for a optimistic first quarter, envisioning an increase to roughly $4.44.
Excessive-Danger Space?
Whereas most analysts who’ve touched on SUI forecast additional positive aspects within the brief time period, some assume an impending correction is also an choice. X person Chill Dealer claimed the asset presently represents a “high-risk space,” arguing {that a} pullback will not be shocking.
SUI’s Relative Power Index (RSI) also needs to function a warning to buyers. Merchants use the technical evaluation device to identify doable development reversals, because it signifies when the token is overbought or oversold. It ranges from 0 to 100, and something above 70 suggests the value has elevated an excessive amount of in a brief interval and could possibly be due for a plunge. However, ratios beneath 30 are thought-about shopping for alternatives.
Only recently, SUI’s RSI climbed to 87, the very best level witnessed since July final yr.
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