๐ $SUI : Breaking Barriers & Aiming Higher!
Sui ($SUI) continues its bullish journey, recently hitting a new all-time high of $3.94. The token is gaining momentum due to its robust ecosystem growth, including a significant rise in Total Value Locked (TVL), now surpassing $1.4 billion. Additionally, new partnerships, such as VanEckโs launch of a $SUI ETN, are driving institutional interest.
Technical Outlook:
Support Levels: $3.62, $3.44
Resistance Levels: $3.95, $4.28
Indicators like the 50-day SMA show bullish trends, although RSI suggests the token is overbought.
If the bullish Cup & Handle pattern plays out, analysts predict a potential surge to $10, mirroring Solanaโs 2021 rally.
With a 54% gain in the past week and momentum from projects like MemeFi on the Sui Network, $SUI is shaping up to be a game-changer in the layer-1 blockchain space. Stay tuned as it eyes a breakout!
๐ก DYOR but keep SUI on your radarโitโs making waves in the crypto world! ๐