SUI Surpasses 500 Million Transactions, Analysts Predict Price Will Exceed $2.17 For $SUI

SUI surpasses 500 million transactions by 2025, outperforming major blockchains. With rising transaction volume and an increasing number of users, analysts predict that the price of SUI could spike above 2.17 dollars. As market interest rises, the SUI token will soon experience significant price volatility. SUI reaches 500 million transactions by 2025 SUI has surpassed 500 million transactions, far exceeding major coins in network activity. With over 501 million transactions processed, it outpaces 129 million of ETH and 40 million of BTC. This milestone reflects the growing interest and adoption of SUI as a leading blockchain, especially for DeFi applications. As its popularity continues to rise, users and developers are taking notice. According to experts' predictions, if SUI breaks through the resistance level, the price could experience a significant rise. As the open interest of SUI increases to $318.1 million, market sentiment remains positive, indicating strong buying pressure. Analysts, including CryptoMichNL, predict that the growth of SUI, especially in the DeFi sector, could lead to significant price volatility in the coming weeks. Analysis of SUI price on April 19 The trading day on April 18 for SUI/USDT began with bearish momentum, as seen in the 5-minute chart. Sellers initially controlled the market, pushing the price down. However, the MACD indicator showed a golden cross at 06:45 UTC, signaling a shift in momentum. This crossover led to a bullish trend, as buyers took control, pushing the price higher. By 08:20 UTC, the price had entered an overbought condition, signaling a potential pullback. The RSI also indicated an oversold situation at 15:30 UTC, leading to a brief stabilization of the price at $2,0951. At 19:30 UTC, a death cross on the MACD showed bearish pressure and the price began to decline.

As of 23:15 UTC, the RSI was again overbought, reinforcing the downtrend before the market entered April 19. On the trading day of April 19, the price started with upward momentum, fluctuating within a moderate range. If buyers continue to dominate, SUI could break through the current resistance level of $2.1707, aiming for $2.2200. On the other hand, if the trend reverses and sellers take control, the price could drop below $2.0951 and test the support level of $2.0500. According to SUI's price prediction, the outcome will depend on market sentiment and the rise. Price Outlook for SUI The impressive trading volume of SUI has surpassed 500 million, and the increasing participation of the market signals strong growth potential for the SUI token. Analysts predict a breakout above $2.17, with buyers showing increasing interest. If the upward momentum continues, the price of SUI could target the $2.20 mark. However, if a trend reversal occurs, support around $2.10 may hold. Based on the current market trend, price predictions for SUI indicate a bullish outlook with the potential to reach $2.20 in the coming days, provided it maintains this positive sentiment.