SUI Strengthens After Finding Strong Support at IDR61,800 Level, Here’s Its Outlook in May 2025!

Updated

May 19, 2025

Gambar SUI Strengthens After Finding Strong Support at IDR61,800 Level, Here’s Its Outlook in May 2025!

Jakarta, Pintu News – SUI, the native token of the Sui network, experienced a price surge after finding strong support at $3.75 (around Rp61,800). Over the past 24 hours, SUI traded in a range of $3.70 to $3.86 (Rp61,000-Rp63,500), showing volatility of 4.46%. Trading volume increased significantly, with accumulation exceeding the daily average by 45% at $3,755 (Rp61,900).

Bullish momentum was seen at 20:00 local time, where the price rose 1.9% on above-average volume. The formation of higher lows throughout the day suggests consolidation above the $3,775 support level (IDR 62,200), signaling the potential for a further uptrend.

BitVM Integration and Launch of Peg-BTC

The Sui network announced integration with the BitVM bridge and the upcoming launch of Peg-BTC (YBTC), expanding DeFi Bitcoin capabilities on the Sui blockchain. This move aims to improve interoperability and attract more users to the Sui ecosystem. These announcements contributed to the positive sentiment in the market, supporting SUI’s price gains.

In addition, the total value locked (TVL) on the Sui network increased by 38% in the past week, reaching $1.73 billion. Trading volume on decentralized exchanges also jumped 177%, reaching $600 million, indicating growing interest in the Sui ecosystem.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Price Predictions and Market Sentiment

According to analysis from CoinCodex, the price of SUI is expected to reach $12.70 by mid-June 2025, reflecting a potential upside of 231%. Technical indicators such as the Bull Bear Power (BBP) and Elder Force Index (EFI) show strong bullish momentum, supporting the outlook for price increases.

However, it is important to note that price predictions are speculative and dependent on various market factors. Investors are advised to conduct a thorough analysis and consider the risks before making an investment decision.

Conclusion

SUI showed a strong recovery after finding support at the $3.75 level, supported by increased trading volume and positive market sentiment. The integration of new technologies and increased activity in the Sui ecosystem contribute to the token’s bullish outlook. Nonetheless, investors should remain wary of market volatility and conduct in-depth analysis before investing.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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