SUI rose 3.21% in 24 hours, analysts say $9 long-term target remains in play

SUI maintains a positive long-term outlook despite ongoing market volatility. Analysts argue that the token’s overall structure remains resilient on higher timeframes, which means the $9 target is still on the table. At the time of writing, SUI trades at $0.7366, with a 24-hour trading volume of $311.6 million and a market capitalization of $2.98 billion.

Key resistance levels shape the price outlook

After gaining 3.21% over the past 24 hours, SUI’s short-term support region around $0.70 is under close watch. Analysts note that holding above this level is crucial for maintaining the upward momentum. If buyers continue to step in, the next important resistance is at $2.80, while $4.50 is seen as a major breakout threshold.

Some market observers concede that a $9 target may seem ambitious under current conditions, yet they point out that looking beyond short-term turbulence reveals a clearer long-term trend. However, given the persistent volatility across the crypto market, there is uncertainty over how closely SUI’s price can approach this scenario.

Yellow Pro introduces SUI-based perpetual futures

Beyond the price action, structural developments within the ecosystem are also drawing attention. Yellow Pro has launched SUI perpetual futures that operate fully on-chain. This move further expands decentralized derivatives within the SUI ecosystem. As a platform specializing in blockchain-based derivatives, Yellow Pro is noted for its transparent order execution and rapid settlement times.

Mini glossary: Perpetual futures contracts are derivative agreements that allow traders to take positions on price movements without an expiry date. On-chain execution means transactions are recorded and finalized directly on the blockchain, rather than via a centralized intermediary.

With this new product, investors can take direct positions on SUI’s price movements via Yellow Pro Perpetuals. The platform highlights that all transactions, clearing, and settlements occur directly on-chain, enabling faster trades and shorter settlement times compared to traditional systems.

Short-term support area remains a critical factor

In the near term, the central question for the market is whether SUI can sustain momentum above the key $0.70 support area. Holding this level could pave the way for another attempt at the $2.80 resistance in higher timeframes. If the support is lost, the price could consolidate in a sideways range for an extended period.

Looking ahead, investors will be watching not only price movements but also derivative trading activity on Yellow Pro and broader adoption metrics within the SUI ecosystem. These indicators could offer early signals on whether bullish sentiment is gaining strength. While the short-term direction is expected to follow the general mood of the crypto market, recent structural developments are boosting SUI’s visibility as a leading player in decentralized derivatives.

The post SUI rose 3.21% in 24 hours, analysts say $9 long-term target remains in play appeared first on COINTURK NEWS.