VanEck Analyst Forecasts $16 By Year-End
During the market recovery, SUI has increased by 14 % in the past 24 hours. Tokens are trying to restore the key support level, which may lay the foundation for re -testing its latest historical and latest high (ATH) stage. After the restoration, an expert in VANECK predicts that the price of SUI this year will rise by 300 %.
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SUI re -test the key support level
The encryption market is move After a bloody Monday, it ended towards green. Correct Bitcoin lost $ 100,000, and most cryptocurrencies reviewed from the high point in January.
During the callback, SUI lost $ 4 for the first time since December, and the price has dropped to the lowest price since December. Cryptocurrencies have always been one of the strongest altcoins in this cycle, leading the market in the 2024 recovery rate and the third quarter of the second quarter.
This year, SUI has also become the leading one CryptocurrencyFor the first time to rise to $ 5, and reached the latest $ 5.36 (ATH) earlier this month. Since then, the token hovers between $ 4.05 and $ 5.20.
After falling to $ 3.49 on Monday, the $ 4 of a barrier had resistance, and cryptocurrencies could not surpass it until today. The SUI jumped 9.8 % to restore the key support area and bounced 5 % to $ 4.2 in the morning on Thursday.
Encrypted analyst Karl Lunovtet Well -known After the token, the tokens will test its rise again after losing support. In the past few months, this rising line has been a key level of support, but served as resistance after recent correction.
In order to restore this line to support and continue its rising trajectory, the SUI must maintain Mark higher than $ 4.18. Closing the rising line can also promote the price of SUI to re -test the obstacles of $ 5.
The price of sui this year is double -digit
Patrick Bush, a senior investment analyst of asset manager Vanck, shared his long -term performance of SUI in the recent competitive analysis of APTOS (APT). This is usually ComparativeEssence
According to analysts, SUI is set to Running the broader market Due to the advantages of the network, efficiency and expansion potential, this year is very suitable. The network has transformed into a high -priced self -ecosystem for marketers:
We believe that due to its performance advantages and extension potential, evidence supports SUI’s support for APTOS. We found that the feature it currently provides is not copied in APTO. These include the local cost market, pilot fish and fast road. In addition, SUI may provide a series of technical capabilities and economics. These technical capabilities and economics are more attractive to market labels, resulting in a higher DEFI ecosystem.
The analysis emphasizes that the attractiveness of SUI attracts token investors and application builders, thereby bringing better cost performance and more active ecosystems.
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Bush also pointed out that cryptocurrencies have led to retail investment: “In fact, in the past 90 days, SUI’s global search interest is 17 days higher than Solana than Solana, and it is higher than Ethereum in 16 days,” he pointed out Essence
Analysts predict that by the end of 2025, tokens will reach a market value of $ 61 billion, which will increase the price to about $ 16, an increase of 300 % over the current range.
As of writing this article, SUI’s transaction price was $ 4.13, a daily schedule of 14 %.
Special images from unsplash.com, chart of tradingView.com
