SUI Wallet Expansion Surpasses 6-Week Slump: Possibility of a $5 Price Uptick?
The latest updates and forecasts for the SUI cryptocurrency paint a mixed but generally bullish outlook, supported by recent on-chain growth, new wallet creation surges, and technical patterns.
**Price Forecasts for 2025:**
InvestingHaven expects SUI to trade between $2.20 to $6.90 by the end of 2025, with a key bullish technical pattern being a giant W-reversal that needs to resolve above $0.36 to validate these outlooks. Institutional adoption and technological advancements are cited as major growth drivers this year.
Other sources offer more conservative ranges. Changelly projects SUI price to be around $2.11 to $3.45 during mid to late 2025, while CoinDCX anticipates a range between $2.80 to $5.20, with a neutral bias around $3.00-$3.40 for the mid-year.
**Mid to Long-Term Projections:**
There is a general consensus pointing to increasing prices ahead. By 2026–2027, predictions vary but suggest average prices around $4.2 to $6.5, with bullish scenarios pushing values higher. By 2029–2030, some forecasts become very optimistic, expecting SUI to reach anywhere from $14 up to $58, fueled by growth in decentralized finance (DeFi), NFTs, AI dApps, and overall network adoption.
**Technical and On-Chain Factors:**
The recent surge in new wallet creation indicates growing user interest and ecosystem adoption, which aligns with the bullish sentiment reflected in technical analysis. The W-shaped reversal pattern suggests a potential for upward price movement if confirmed, while past consolidation phases and predicted bullish windows (mid-July to mid-August 2025) hint at imminent rallies.
On-chain growth metrics, such as increasing active addresses and transactions, reinforce the narrative of expanding network utility and investor engagement, which could translate to stronger price performance in the medium term.
**Market Conditions and Risks:**
The forecasts emphasize that actual outcomes depend heavily on overall crypto market conditions. A sustained favorable market environment is crucial for realizing these optimistic price targets. Conversely, failure to hold above key support levels (e.g., below $0.36) would invalidate certain bullish predictions.
In summary, SUI's near-term outlook is cautiously optimistic with signs of strengthening fundamentals and positive technical indicators, while mid-to-long-term forecasts envision substantial price appreciation driven by ecosystem growth and institutional interest. Investors should monitor key support/resistance levels, on-chain activity, and broader market trends to gauge momentum more precisely.
Noteworthy developments such as the alignment of these ecosystem catalysts may continue attracting investor interest in SUI. Observers suggest monitoring daily wallet creation staying above 600,000 as a sign of continued momentum for SUI. The six-week accumulation period has resolved with a sharp upside move, suggesting further expansion in user adoption.
The 50-day, 100-day, and 200-day EMAs, along with the upper boundary of a Bullish Flag, may signal the continuation of an upward move for SUI. Sustained growth in transaction volume, TVL growth, and application launches could reinforce the current bullish trend for SUI. This surge in new SUI wallets is considered a "change of character" by analyst @eyezenhour, often seen before network acceleration.
In light of the growing investor interest and expanding network utility, it is expected that the banking sector might show an increased interest in the technology behind SUI, potentially leading to institutional adoption.
As the SUI network continues to advance in areas such as decentralized finance (DeFi), AI dApps, and NFTs, it could witness a transformation akin to that experienced by the BSE (Bombay Stock Exchange) or the NSE (National Stock Exchange) in the realm of traditional banking, given the potential for disruptive growth.
