The cryptocurrency market extended its rally today (Jan. 6), with Bitcoin (BTC ($91,811.00)), Ethereum (ETH ($3,216.78)), Ripple (XRP ($2.24)) and many other leading digital assets posting additional gains.
Sui (SUI ($1.85)) has witnessed an even more impressive rise, with its price rising by almost 20% over the past 24 hours. Numerous analysts now believe that the stock could be on the verge of a major bull run that could result in a new all-time high.
The following goals
SUI’s price is currently trading just under $2, its highest level since mid-November. Its market cap rose above $7.5 billion, making it the 27th largest digital asset, bigger than Litecoin (LTC ($82.16)), Hyperliquid (HYPE ($26.71)) and other popular altcoins.
X user Crypto Winkle noted SUI’s recent uptrend, arguing that the price has initiated a “clean break” above $1.80 with “strong structure.” The analyst also claimed that on-chain activity has increased substantially since late November and usage has grown, while the ETF documents “add institutional context, not just hype.”
“As long as Sui Network stays up [the] previous value, the trend remains constructive. Acceptance above $2.00 opens the next leg,” they predicted.
X users Crypto Catalysts and MOON JEFF also gave their two cents. The former set the ambitious target of at least $8 in the coming weeks, while the latter described SUI as “undervalued” and said he would not be surprised if its market cap explodes to $30 billion “in a good season.”
Lucky, who has nearly 2 million followers on X, is also bullish. In early 2026, the analyst suggested that SUI may be setting up for a positive first quarter, projecting a rise to around $4.44.
High risk area?
While most analysts who touched on SUI predict further near-term gains, some think an impending correction could also be an option. X user Chill Trader claimed that the asset currently represents an “area of risk,” arguing that a pullback will not be surprising.
SUI’s Relative Strength Index (RSI) should also serve as a warning to investors. Traders use the technical analysis tool to spot possible trend reversals as it indicates when the token is overbought or oversold. It ranges from 0 to 100, and anything above 70 indicates that the price has risen too much in a short time and could take a dip. On the other hand, ratios below 30 are considered buying opportunities.
Recently, SUI’s RSI climbed to 87, its highest since July last year.
The message Sui (SUI) rises by 18% daily: new ATH at the door? appeared first on CryptoPotato.
#Sui #SUI #rises #daily #ATH #door #BitRss #Crypto #World #News