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SUI sticks to key support, analysts are bullish to $15, Gorae adds 50,000 new electric vehicle charg

2026-07-31 12:14:24
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SUI Price Dynamics and Analyst Outlook

As of press time, SUI was trading at US$0.6854, with 24-hour trading volume of US$153.82 million, and a market value of US$2.77 billion. In the past 24 hours, the token has dropped by 1.43%. Despite the recent correction, market observers point out that SUI's price structure and growing network usage may support a bullish reversal in the next few trading sessions.

Cryptocurrency analyst Celal Kucuker said that SUI is currently trading near an important long-term support area, and its main uptrend line has remained unbroken for nearly two years. This continued structure is believed to retain bullish momentum in the broader market context, even after multiple short-term corrections.

Several technical analysts pointed out that SUI may be taking shape in the form of a Wyckoff spring and last test. In this pattern, prices briefly break below support and then rebound quickly, as shown in recent weekly charts. This pattern may herald the beginning of a new upward trend.

SUI's current consolidation phase shows buyers are actively defending key levels, which has so far prevented further price declines and kept the bullish scenario alive. If this technical structure is confirmed, SUI is expected to continue to rise, with analysts pointing to a potential target of $15.

The following is a summary of key indicators: current price of US$0.6854, with a 24-hour change of-1.43%; trading volume of US$153.82 million; market value of US$2.77 billion; supporting trend line remains intact (two years); analyst target price of US$15.

Gorae protocol expands real-world applications

Sui project parties stated that the Gorae protocol is integrating more than 50,000 electric vehicle charging stations into the Sui blockchain. The move aims to increase transparency and attract investment in the electric vehicle charging industry by ensuring that every charging transaction can be verified and recorded on the chain.

Each electric vehicle charging point is registered as a unique transaction in the blockchain ledger. At the same time, the Walrus protocol provides an untamperable, secure and reliable record of all payment and usage events, solving the charging industry's long-standing challenges in terms of revenue data reliability and external verification.

This solution aims to reduce common concerns about opaque revenue reporting in the electric vehicle charging space. By leveraging blockchain technology for payments and permanent data storage, the Gorae protocol seeks to enhance the confidence of institutional investors.

The subsequent trend of SUI will depend on whether buyers can effectively hold the current support level and push prices beyond the main resistance level. If the bulls succeed in achieving a breakthrough, the $15 target will receive close attention, and recent developments in the electric vehicle charging field may also provide additional support to the entire ecosystem.

Small Dictionary: The Gorae protocol is a blockchain-based platform that provides transparent and verifiable transactions for the electric vehicle charging industry, promoting institutional investment and achieving accountability by recording all payment and usage events on the chain.

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