Sui has the full backing of crypto analyst Jacob Crypto Bury, who is bullish on the asset and sees $1.10 as a point of support even in the face of some short-term volatility. In his analysis of Sui’s prospects, he takes into account all the technical and fundamental considerations.
Sui’s Support Levels and Short-Term Risks
At present, Sui is being traded at $1.12, with $1.10 representing key support, says Jacob Crypto Bury. Should it dip below that mark, there may be more downside to come, but he does not foresee any kind of major collapse. His view remains positive; he is prepared for volatility in the near term, but it will not change his stance.
There is also the matter of a potential liquidation event, which the analyst attributes to the lack of significant market downside over the last few weeks. That in itself could bring about a more volatile environment, so he advises traders to be cautious before opening new positions.
Fundamentals, Team Activity, and Long-Term Outlook
Jacob Crypto Bury is bullish due to both the technicals and the project’s fundamentals. He makes a case for Sui’s long-term stability based on how involved the development team has been at various exhibitions and events. In his opinion, this engagement is good for the project’s foundation and underpins his expectation of a price recovery at some point.
Looking ahead, he is very bullish and sees Sui making its way back to the $4 to $6 highs of the past. Still, given the uncertainties in the market, he advises you to do your own research.
Bitcoin Market Context and Broader Crypto Trends
On the subject of Bitcoin, Jacob sees a pullback to the $78,000-81,000 area coming up. He would not call it a bear market so much as consolidation, and those are the sort of conditions that can fuel the short-term volatility he expects to see in Sui and elsewhere in crypto.
Those wanting to follow his work or get a better read on Sui and other digital assets should subscribe to his channel and join his free Discord community for the latest from Jacob Crypto Bury.
This article reflects the channel author’s opinion and is not investment advice.
Every call by Jacob Crypto Bury and how it played out — in the BuyCrypt bloggers tracker.
Source — Jacob Crypto Bury: https://www.youtube.com/watch?v=XqdyRLgXhU0
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