Sui Is Down but Analysts Say It’s Gearing Up to Become the “Next Solana”

The price of Sui has dropped by 3.5% in the past 24 hours, slipping to $4.35 as the cryptocurrency market dips by 2% today.

SUI is also down by 8% in a week, yet it remains up by 21% in a month and by an enviable 495% in the past year, with the Libra/Diem offshoot now the 18th-biggest token in the market by cap.

For some holders and supporters, Sui will only continue rising up the market leaderboard, with some referring to it as “ the next Solana .”

And with its strong pedigree and promising fundamentals, it has every chance of becoming one of 2025’s bigger success stories, especially if it can manage to attract some real adoption.

Sui Is Down but Analysts Say It’s Gearing Up to Become the “Next Solana”

Posting last week on X, Sui ambassador Matteo.sui referred to the layer-one network as the next Solana, and suggested that it’s then-price of $3.97 was essentially a steal.

It seems that some people listened, since Sui has risen by 9% since the above post, as investors bought the dip.

Other traders and Sui holders are similarly bullish about the token’s prospects, with DegenDollaz recently forecasting that the alt could rise to $30 next year .

Other analysts have also highlighted Sui as among the “ most promising altcoins that will grow 5-20x ” in the current bull cycle.

This is a justifiable stance to take, given that Sui is one of the most promising newer layer-one networks in the market.

Launched by alumni from Facebook’s failed Libra/Diem project, it uses the Move programming language, which promises to make blockchain development simpler and more efficient.

According to DefiLlama, it already has a total value locked in of $1.7 billion , representing a doubling since late September and a 740% increase over the last 12 months.

This testifies to a growth in usage, with the platform announcing a global partnership with Revolut this year, for instance, as well as the launch of the USDC stablecoin on its network .

Its long-term picture looks very good, while today its chart suggests that it’s close to recovering after weekend losses.

Source: TradingView

After dipping to almost 30 yesterday, the coin’s RSI (purple) has just touched 50 again, hinting that buyers are beginning to take advantage of its recent discounts.

And while its 30-period average (orange) has just fallen below the 200-period average (blue), this also suggests that it could rebound anytime soon.

Based on these indicators, and based on still-high volumes ($2.1 billion today), SUI should hit $4.50 by the end of the year.