#SUI
SUI price soars, TVL approaches 1 billion, $2 is within reach!
Sui network, known as Solana's strong rival, has broken through the $900 million mark in TVL (total locked volume), and SUI price has also risen by 10%. Behind this is the launch of Grayscale Trust, the integration of USDC, and a series of important collaborations.
Entering September, SUI price performance is eye-catching, soaring from $0.756 to $1.68, an increase of 122%! This is not only due to the enthusiasm of the market, but also a recognition of the high adoption rate of Sui network decentralized applications (dApp). Defi Llama data shows that SUI's TVL is close to $1 billion, and investors are full of confidence.
More interestingly, Martinez Ali, a well-known cryptocurrency analyst, found that SUI's current price trend is very similar to Sonala before the 2021 bull market, indicating that SUI is expected to break through the $2 mark and usher in a new round of skyrocketing.
However, the market is always full of variables. Although SUI prices have soared, the overbought ADX indicator suggests a possible pullback risk. If SUI fails to break through the resistance level of $1.72, it may pull back to the support level of $1.44, or even lower to $1.11. But don't worry, this may be a healthy adjustment before a long-term rebound.
On the other hand, if SUI can rebound strongly from $1.44, it may go straight to $2.17, which is a 28% increase from the current price! This is undoubtedly the "sweet spot" that investors are looking forward to.
In short, the surge in SUI prices and the approaching $1 billion TVL both indicate the strong momentum and unlimited potential of the Sui network. But investment needs to be cautious, pay attention to market dynamics, and seize every opportunity!
#USDTmarket value hits a record high #美联储宣布降息50个基点 #加密市场反弹
A single tree cannot make a boat, and a single sail cannot sail far! In the cryptocurrency world, if you don’t have a good circle and first-hand information about the cryptocurrency world, then I suggest you follow me, check out my profile, and I’ll help you get there for free. You’re welcome to join the team!!!
