SUI Price Could Be Near Major Turning Point: Here’s Why $30 Is Being Discussed

Sui has spent months under pressure after a deep correction, but that has not stopped analysts from looking much further ahead. Fresh technical analysis now argues that the recent decline may have pushed SUI price close to an important turning point. That outlook has opened the door to fresh discussions about where the cryptocurrency could go if the next major market cycle delivers another strong rally.

One of the latest projections comes from Bitbase, whose analysis was shared by the Sui Community account on X. The analyst believes SUI could recover sharply over time if adoption continues to grow and the broader crypto market enters another bullish phase. Those projections include targets between $12 and $30, although the path to those levels would require several major milestones.

Bitbase Explains Why an 88% Correction Could Mark a SUI Price Bottom

Bitbase pointed to the scale of the recent decline as one reason for optimism. The analyst noted that SUI has corrected about 88% from its previous high, a level that often attracts attention when investors study historical crypto market cycles.

Using Fibonacci extension levels, Bitbase estimated that a move toward the 1.618 to 2.618 extension could produce an extremely bullish outcome. That calculation points to a potential gain of about 12 times from current levels.

The analyst also explained that a return to the previous cycle high near $5 remains a more conservative objective. Even that target would represent a substantial increase from current prices.

Bitbase stressed that several factors would determine whether SUI reaches those higher levels, including:

  • Continued growth in Sui ecosystem adoption
  • Strong execution from the Sui development team
  • A favorable cryptocurrency market cycle
  • Broader institutional participation

The analyst noted that SUI remains available across many major trading platforms. That accessibility could support wider participation if demand continues to grow during the next market cycle.

SUI Price Faces Several Important Resistance Levels Before Higher Targets Become Possible

Current technical analysis presents a much more measured picture of where SUI price could head over the coming months.

SUI currently trades around $0.73. A look at the weekly chart shows the next major resistance close to $0.84. Breaking above that level would strengthen the bullish case. The next technical objective would come near $1.34.

SUI Price Chart / TradingView.com

Another successful breakout could send SUI price toward $1.94. That move would place the cryptocurrency above its January high and confirm a much stronger recovery.

Additional buying pressure could eventually lift SUI toward $2.90. Technical resistance above that level appears around $4.30, followed by another important area close to $5.30.

Those price levels create a roadmap that traders may watch over the coming months. Each resistance zone would need to become support before the next target becomes realistic.

Read Also: BNB vs SUI: Which Token Is Better to Hold This Crypto Season?

SUI Price Would Need Much Stronger Market Conditions to Reach $13 or $30

The technical roadmap also explains why projections of $13 or even $30 remain much more ambitious.

Reaching those levels would require SUI to move well beyond previous cycle highs. That type of advance would likely depend on several powerful catalysts arriving at the same time.

Those factors could include:

  • A broad cryptocurrency bull market
  • Continued institutional adoption
  • Strong growth across the Sui ecosystem
  • Sustained user activity and network expansion
  • Favorable macroeconomic conditions

Without that combination, SUI would first need to clear every major resistance level between its current price and previous highs.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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