SUI price outlook for 2026‑2032: Is investing in SUI worthwhile?

crypthub

about 3 hours ago

Price Predictions and Outlook

SUI is projected to reach $4.77 by 2026, $10.83 in 2028, and $34.20 in 2031, with long-term optimism tied to decentralized app adoption. Current price at $0.9488 shows a 36.85% drop over 30 days, trading below key moving averages. Analysts note a bearish trend since 2025, with resistance at $4 and recent declines below $1.

Technical Analysis and Market Conditions

Technical indicators highlight high volatility (18.66% 30-day variation) and bearish sentiment, with 8 green days in 30. Daily SMA and EMA values across multiple periods suggest consistent selling pressure. The 4-hour chart shows neutral RSI and positive momentum, though oversold conditions may trigger short-term corrections.

Factors Influencing SUI’s Performance

Bitwise’s ETF applications (targeting March 2026) could attract institutional capital, but short-term weakness persists due to low trading volume and lack of buyer conviction. Historical data shows SUI’s price fluctuated sharply, peaking at $5.35 in 2025 before falling below $1 in early 2026. Long-term forecasts remain optimistic despite current bearish trends.