$SUI developments within the past 24 hours and anticipated future trends.

Sui's market capitalization stands at around $13.13 billion, with a 24-hour trading volume of approximately $2.70 billion.

Recently, Sui achieved an all-time high of $4.93 on December 16, 2024, marking a significant milestone for the cryptocurrency.

Analysts have provided various price predictions for Sui.

For 2024, bullish forecasts suggest that SUI could reach between $4.99 and $9.92, with the possibility of hitting $10 if positive market momentum continues.

Conversely, bearish predictions indicate a potential decline to around $1.22.

In the broader cryptocurrency market, Sui's performance has been relatively stable.

Over the past week, it has outperformed the global cryptocurrency market, which experienced an 8.80% decline, and has also surpassed the performance of other smart contract platform cryptocurrencies, which saw a 7.50% decrease.

Technical analysis indicates that Sui is currently in an ascending channel pattern, suggesting a bullish trend.

If this trend continues, SUI may test resistance levels at $5.02 and $12.84.

However, if the trend reverses, support levels are identified at $1.75 and $0.71.

In summary, while Sui has demonstrated significant growth and resilience in the cryptocurrency market, potential investors should remain cautious due to inherent market volatility.

It's advisable to conduct thorough research and consider current market conditions before making investment decisions.