SUI Price is consolidating after a recent downtrend, showing signs of accumulation and volatility compression, which may indicate a potential breakout if key resistance levels are broken. At the same time, Sui-backed Slush Wallet has launched a Stripe-powered fiat on-ramp for Sui Dollar and introduced a Slush Card waitlist to expand real-world crypto payments, potentially improving SUI sentiment.
Sui Slush Wallet Launches Fiat Onramp
Sui-backed Slush Wallet has introduced a Stripe-powered fiat on-ramp for Sui Dollar ($USDsui), allowing users across the United States, Europe, Brazil, and Mexico to buy the stablecoin directly using local currencies through a seamless payment integration system.
The firm also opened the waitlist for its Slush Card, designed to enable real-world spending of USDsui and expand crypto payment use cases.
This growing ecosystem development is expected to positively impact SUI sentiment, and the SUI price is likely to move upward going forward.
Also Read: CME Launches SUI Futures, Boosting Institutional Market Access
SUI Price Breakout Targets and Resistance Levels
According to the crypto analyst CryptoBusy, the SUI price is currently in the range of consolidation, following a strong downward trend, where its price can be found within the trading range of $0.85 support and $1.05 resistance.
In the SUI price movement, there is evident accumulation and volatility squeeze, where rejections occur at mid-levels repeatedly.
There seems to be market uncertainty about future movements, with the possibility of a build-up for an eventual breakout.
A breakout above $1.05 resistance would generate a trend of positive momentum towards $1.20 and $1.50, following the higher supply levels of the prevailing consolidation phase.
A large increase in volume would mean a continuation to $1.80, while highs close to $2.00 may serve as a longer-term resistance level.
On the downside, if the level of $0.85 is breached, there will be an opportunity to head towards the levels of $0.75 and $0.65 on the demand side.
But if the range stays intact, accumulation continues, which means there is a high chance of a breakout on the positive side due to decreasing volatility.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: SUI Price Outlook: Key Support Holds as Bulls Eye $1.50 and $2.30 Targets
