SUI had another rough day. It dropped about 2% in the last 24 hours, now around $0.732. The rest of the crypto market barely moved, down less than half a percent, so SUI clearly underperformed.
Sentiment isn’t great. The Fear & Greed Index is at 29, which tells you people are nervous. There’s also chatter about a 25.7 million SUI token unlock that could add more selling pressure, though nothing’s been confirmed yet.
On the chart, the SUI price tried to break above $0.744 but couldn’t. It also got turned away at its 7-day moving average around $0.739. So sellers are still in charge.
That said, some analysts think this could be a good time to start buying, not the beginning of another big drop, but the start of a smart accumulation phase.
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Has the SUI Price Entered a Buying Zone?
The Sui Community account thinks SUI is in a good spot for dollar-cost averaging. Their take is that the market has nearly run through a classic pump-and-dump cycle, though they say there might be one more shakeout before things settle down and find a real floor. That’s why they keep telling people to buy little by little over time instead of chasing quick pops.
The chart they posted looks at SUI’s market cap, not its price. It shows the market cap hanging around $2.17 billion after falling for a long time from higher levels.
From there, they mapped out a Fibonacci extension that points to a possible $70 billion market cap in the next big bull run. That would be roughly a 20x jump. Even the chart notes that this target could take years to reach.
For the bullish case to remain valid, the SUI price must first stop making lower lows. If another round of selling pushes the market below support, accumulation could continue for longer than many investors expect. Until buyers reclaim key resistance levels, the short-term trend remains under pressure.
Why One Analyst Thinks the SUI Price Still Has Long-Term Potential
Crypto analyst Celal Kucuker thinks SUI still has one of the strongest setups out there among major altcoins. He’s got a chart showing a long-term upward channel that’s been guiding price action since day one. The latest drop has pushed SUI back toward the bottom of that channel.
The chart also has Fibonacci extensions reaching above old highs. The most ambitious target is around $26, which would be roughly a 35x jump from where it is right now. That projection is based on a full-scale crypto bull market and should be viewed as a long-term possibility instead of an expectation for this year.
Even with that optimistic outlook, the chart makes one point very clear. The SUI price first needs to reclaim higher support levels and break above the middle of the channel before any discussion of new all-time highs becomes realistic. Until then, traders remain focused on whether this correction develops into a durable bottom.
What’s Driving the SUI Price Right Now?
Fundamentally, Sui continues delivering strong network milestones. On July 4, the blockchain processed a peak of 6,086,766 transactions per second during a public experiment using autonomous AI agents and programmable tunnels.
The test demonstrated the network’s ability to handle extremely high throughput, although the achievement had little immediate impact on the SUI price.
Investors are also watching token emissions. Around 64 million SUI enter circulation each month through scheduled community grants and ecosystem incentives. With roughly $440 million locked across Sui’s DeFi ecosystem, part of that supply can be absorbed through staking and lending, though additional selling remains a short-term risk.
The ecosystem continues expanding despite the weak market. WaterX Predict launched on Sui on July 6, introducing a social prediction platform backed by Mysten Labs and selected for the Sui Foundation’s Moonshots Program. New applications like this help increase network activity over time and support broader adoption beyond crypto-native users.
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How High Could the SUI Price Go in August?
If things turn ugly, token unlocks keep dragging sentiment down and Bitcoin can’t keep climbing, SUI could fall back to that $0.65–$0.70 zone before buyers step in.
In a more balanced picture, ETF money keeps propping up the market and new token supply doesn’t get out of hand. That could let the SUI price recover to somewhere between $0.90 and $1.05 over the next month.
For the best case, we’d need market sentiment to turn positive, the ecosystem to keep growing, and SUI to break out above its recent ceiling. If all that happens, it could push up into the $1.20–$1.40 range. Even then, the much larger targets discussed by analysts remain part of a longer market cycle, not a forecast for the coming weeks.
Is SUI Getting Too Cheap to Ignore?
The SUI price is trading near levels where some analysts believe long-term accumulation makes sense, but the short-term trend remains bearish after repeated resistance rejections and ongoing token unlocks.
Strong fundamentals, including a network test exceeding 6 million transactions per second and continued ecosystem growth, give bulls reasons to stay optimistic even as price action remains weak.
For investors with a longer time horizon, these levels could offer value, but waiting for the SUI price to reclaim key resistance would provide stronger confirmation that buyers are back in control.
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