The star candidate of the bull season, SUI, increased its market value by 60 percent to $ 8.7 billion in 7 days.

It was noted that the $SUI price increased by 32.4 percent in the last 24 months and 60 percent in the last week. This increase brought SUI to the 15 most valuable cryptocurrencies. On the other hand, the lending protocol Scallop (SCA) in the Sui ecosystem also gained upward momentum, increasing by 87 percent in the last week and recording a growth of 25.3 percent in total amount.

Factors affecting the rise of #SUI The increase in SUI prices also indicates that the increase in trading volume is parallel to the increase in progress and the increase in investors. The SUI transaction volume increased by more than 250 percent in the last 24 hours, indicating intense activity and continuing durability performance. Analysts attribute this price increase to the onchain system and favorable market conditions.

The upward performance in the MACD analysis on the daily chart supports one of the technical indicators. The MACD line is at 0.0211, exceeding the signal line, while the signal line is at -0.0027. The data in question shows a positive momentum. The positive appearance of the green bars seen in the histogram in the increasing view and the opening of the MACD and signal line range indicate increasing buying pressure and the continuation of the uptrend.

In addition, the Bull Bear Power (BBP) analysis shows that the market is bullish and has a positive value around 1.2590. This positive reading shows that the power you have gained has overcome the seller pressure and that the bulls are dominant in the market.

#Suiusdt #binance #SUIHitsATH #AltCoinRush