Sui (SUI) Sees 82% Surge; Eyes $1.12 Target
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Sui (SUI) has experienced a notable increase recently, with its price rising by 82% over the past week and reaching a 30-day high of $0.90. The altcoin is now targeting the $1.12 level, buoyed by rising trading activity and favorable technical indicators.

However, there is a possibility that profit-taking could lead to a price decline. If this happens, SUI’s value might fall to $0.46, which was its price on August 5.

Sui (SUI) has experienced a significant increase in trading activity recently. Over the past 24 hours, the coin’s daily trading volume reached $376 million, the highest since June 7, according to Santiment.

This surge in trading volume, combined with a rising price, reflects growing interest and demand for SUI. As more people buy the coin, its value increases, indicating strong market activity.

The Moving Average Convergence/Divergence (MACD) indicator also supports the positive outlook for SUI. On the one-day chart, the MACD line (blue) is above both the signal line (orange) and the zero line. This positioning suggests that short-term momentum is currently stronger than long-term momentum, signaling a potential buying opportunity.

Additionally, the MACD line crossing above the zero line reinforces the uptrend, indicating sustained buying activity and the likelihood of continued price growth.

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