Sui (SUI) has devastated the market: It could make its mark on the bulls!

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

The SUI price attracted attention by increasing by 32.4 percent in the last 24 hours and 60 percent in the last week. This increase brought SUI to the top 15 cryptocurrencies. On the other hand, the lending protocol Scallop (SCA) in the Sui ecosystem has also gained upward momentum, increasing by 87 percent in the last week and recording a 25.3 percent growth in its total locked value.

The increase in the SUI price is also parallel to the increase in trading volume and indicates increasing investor interest. SUI trading volume increased by more than 250 percent in the last 24 hours, reflecting that there is intense activity in the market and the upward trend continues. Analysts attribute this price increase to onchain data and favorable market conditions.

One of the technical indicators supporting bullish expectations is the MACD analysis on the daily chart. The MACD line exceeded the signal line and is at 0.0211, while the signal line is at -0.0027. The data in question indicates a positive momentum. The increasing height of the green bars seen in the histogram also supports the positive outlook, and the opening between the MACD and the signal line indicates increasing buying pressure and the continuation of the uptrend.

In addition, the Bull Bear Power (BBP) analysis also shows that the market is in an upward trend and has a positive value of approximately 1.2590. This positive reading shows that the buyer power in the market has overcome the seller pressure and that the bulls are dominating the market.

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