While the crypto market fights to regain its momentum, $SUI is making waves! ๐ This Layer-1 gem has soared by 20% in just 10 days, outperforming heavyweights like Ethereum, Solana, Ripple, and more.
The star of the show? Suiโs rising channel pattern, which has carried its price consistently upward since November 2024. Add to this the impressive milestone of crossing $2B in Total Value Locked (TVL), with 69.75% of tokens locked, and itโs easy to see why investors are bullish. ๐น
๐ Technical Sentiment
- RSI stays above neutral, suggesting bullish momentum could continue.
- However, a potential SMA bearish convergence signals caution.
So, whatโs next for Sui? If the current trend holds, SUI could soon challenge its ATH of $5.35, potentially heading to $6.60 this January. ๐ฏ
On the flip side, failure to maintain support at $4.75 could trigger a pullback to $4.50.
โจ Final Thoughts
Suiโs fundamentals remain strong, making it one to watch closely. The market is unpredictable, but one thingโs clear: SUI is showing resilience! ๐ฆพ
Whatโs your prediction for Sui in 2025? Bullish or bearish? Drop your thoughts below! ๐ฎ๐
