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SUI Price Teases Ethereum Kill Shot: Is SUI Crypto The Best Trade For 2025?


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SUI price has been rather slow in June, though some people are patiently waiting for another move up. The network seems to be healthy and usage growing. Is this enough to drive price higher? Does more usage mean more buyers of the coin?

Usage is definitely an important metric, as well as stablecoin movements. Interestingly the 14 million SUI monthly stablecoin transactions is nearing Ethereum’s 16 million. More usage probably does mean more demand for the native coin SUI. At least what can be for sure is that fees are being paid.

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Is SUI Price Getting Ready For a Massive Run?

SUI-1W-scaled.png

(SUIUSD)

We will first look at the Weekly timeframe at the beginning of our analysis. What jumps out first is that the trend is bullish – higher highs and higher lows. It looks like the rejection at Yearly Open can be a lower high, though a lower one that keeps the structure could be within the FVG or a bit lower, then the price would be considered ranging or choppy. MA100 here could be a support level. Or another scenario, if we don’t go up after 5 consecutive red(blue on my chart) candles, is a test or sweep of the Yearly Low.

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SUI Price is slow at the moment. Will the asset see new ATH? Read this technical analysis article to find out what the charts are saying.

(SUIUSD)

Next, we take a look at the Daily timeframe. So far, there is a Daily FVG that got filled a few days ago with a bullish engulfing candle, taking the price above the zone. A potential sign of strength.

As we see from April, prices can increase significantly in just a few days. There was a break in the structure during that pump. The drop below the moving averages is not pretty, and we’d like these to be reclaimed ASAP!

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Hourly Chart Exercise: Looking For Trade Setups

SUI-1H-1-scaled.png

(SUIUSD)

Last, we will study the 1H (hourly) chart for entry setups, using price action and volume. Here, the price has dropped by tens of %, and we’re seeing some early buyer pressure. RSI is in an oversold area on the 21st of June, but the price makes another low.

On that low (Monthly low), the RSI is a bit higher; there’s a small body and large wick underneath, followed by a Bullish Engulfing candle. Price moves slightly, followed by another 3 sell candles and clear buyer pressure again. Long entry triggered after the 2nd Bullish Engulfing candle, providing a 2R profit. See how buyer pressure sustains over the next few days/weeks.

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SUI Price Movements: Is It A Good Trade For 2025?

  • Daily FVG from April filled, followed by Bullish Engulfing candle
  • 2024 Weekly FVG might not be tested, though we keep it as plausible
  • Price needs to move above 1D Moving Averages
  • Demand visible on 1H timeframe

The post SUI Price Teases Ethereum Kill Shot: Is SUI Crypto The Best Trade For 2025? appeared first on 99Bitcoins.

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