Sui (SUI) is witnessing a 6% surge, trading at $2.01, with trading volume soaring to $473 million. Trending on CoinMarketCap, it surged 20% in the past week, boasting a market cap of $2.6 billion. Breaking from a consolidation channel, SUI rallied from $1.54 support to hit a high of $2.18 after a minor pullback at $1.89 resistance. With prices above the 50-day and 200-day SMAs, a bullish sentiment prevails, supported by a golden cross at $1.61. The RSI indicates intense buying pressure, pushing towards overbought levels. Bulls aim for new highs, eyeing $1.85 as a protective support zone amid SpongeV2 anticipation, potentially offering 100X ROI.#Memecoins #BinanceLaunchpool #BullorBear #sui #marketanalysis