The cryptocurrency market prolonged its rally right now (January 6), with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and plenty of different main digital belongings posting further beneficial properties.
Sui (SUI) has witnessed an much more spectacular improve, with its value surging by virtually 20% over the previous 24 hours. Quite a few analysts now consider it could possibly be on the verge of a significant bull run which may lead to a brand new all-time excessive.
The Subsequent Targets
SUI’s value at present trades just under $2, the very best degree since mid-November. Its market capitalization soared above $7.5 billion, making it the Twenty seventh-largest digital asset, larger than Litecoin (LTC), Hyperliquid (HYPE), and different in style altcoins.
X consumer Crypto Winkle famous SUI’s latest uptrend, arguing the value has initiated a “clear break” above $1.80 with “robust construction.” The analyst additionally claimed that on-chain exercise has considerably elevated since late November, utilization has been rising, whereas the ETF filings “add institutional context, not simply hype.”
“So long as Sui Community holds above [the] prior worth, the development stays constructive. Acceptance above $2.00 opens the subsequent leg,” they predicted.
X customers Crypto Catalysts and MOON JEFF gave their two cents, too. The previous set the bold goal of at the very least $8 within the coming weeks, whereas the latter described SUI as “underrated” and mentioned he received’t be shocked if its market capitalization explodes to $30 billion “in a very good altseason.”
Fortunate, who has virtually 2 million followers on X, can be bullish. In the beginning of 2026, the analyst advised SUI is likely to be gearing up for a constructive first quarter, envisioning an increase to roughly $4.44.
Excessive-Danger Space?
Whereas most analysts who’ve touched on SUI forecast additional beneficial properties within the quick time period, some suppose an impending correction is also an possibility. X consumer Chill Dealer claimed the asset at present represents a “high-risk space,” arguing {that a} pullback received’t be shocking.
SUI’s Relative Power Index (RSI) must also function a warning to traders. Merchants use the technical evaluation device to identify doable development reversals, because it signifies when the token is overbought or oversold. It ranges from 0 to 100, and something above 70 suggests the value has elevated an excessive amount of in a brief interval and could possibly be due for a plunge. Then again, ratios beneath 30 are thought-about shopping for alternatives.
Only recently, SUI’s RSI climbed to 87, the very best level witnessed since July final 12 months.
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