Sui has increased by 10% in the last day, reaching $2.13 after the White House announced a 90-day moratorium on greater tariffs for nearly all countries except China.
Although the cryptocurrency is still down 7% in a week and 23% in the last two weeks, this reprieve indicates that SUI has partially recovered the significant losses it sustained in the preceding days.
However, given that the currency is still hanging onto a 37% annual return and that its 24-hour trading volume reached $1.9 billion today, it appears poised to report more rebound gains in the days ahead.
Sui might achieve significant gains in the upcoming year when paired with its enviably solid fundamentals, particularly if the global trading environment continues to stabilize.
Will Sui Be Solana’s Next? In response to Trump’s unexpected tariff pause, $1.9 billion floods in
Sui’s chart is now in a highly promising position, with its indicators indicating a robust rebound and a potential major move shown by its support (green) and resistance (red) levels.
Given that its 30-day (orange) average is probably near a bottom compared to the 200-day (blue), SUI should soon start to rise again.
Additionally, since the end of January, the coin’s purple relative strength index has been below 50 (or below), suggesting that it may be poised for significant upward movement.
But all of this will rely on the outcome of the newly intensifying trade spat between the United States and the rest of the globe.
Although it appears that President Donald Trump has retracted his plans to impose tariffs on all other countries, discussions between the US and its many trade partners will determine how long any respite lasts.
The increasingly severe friction between the US and China also increased Wednesday, with both countries raising their tariffs on the other in recent days.
We could witness a more robust market rebound in the upcoming weeks, though, if the US does decide to permanently halt tariffs and if it and China reverse their tit-for-tat escalation.
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With a network worth $1.19 billion, SUI is now the ninth-largest in cryptocurrency in terms of TVL, so it will be well-positioned to gain from such a comeback.
There have been several recent releases and integrations on its platform, and in the last month, Canary even submitted an ETF application.
All things considered, SUI’s price may drop down to $3 in May before rising to $4 by H2.
Big-Rally Potential Is Presented by New Alts
Some traders would choose to look at younger currencies that have the potential to rise regardless of the state of the market as a whole, given SUI’s reliance on broader market circumstances.
This entails examining presale coins, as the most significant and well-liked sales frequently result in significant rallies when the related tokens list for the first time.
Additionally, Solaxy (SOLX), one of the largest initial coin offerings (ICOs) of the previous year with a better-than-average likelihood of rebounding, has raised $29.6 million in its sale to date.
The fact that Solaxy is Solana’s first completely functional layer-two network is what makes it so alluring.
As an L2, Solaxy will enable quick bridging between its parent network and itself, as well as speedier transactions and reduced costs for Solana customers.
Over time, its team will extend interoperability with other chains so that more developers and merchants may use it.
Additionally, the currency will gain from high demand since SOLX will be required to pay transaction fees, especially when you may stake it for passive revenue.
Traders should move fast since this price will increase tomorrow, especially when more price increases are anticipated prior to the coin listings.
