$SUI Price Eyes 15% Surge Amid Bullish Momentum - CoinGape Analytics

The price of SUI has shown steady growth over the past 24 hours, now sitting at $1.79, reflecting a 1.84% increase. However, the layer one coin is facing a key resistance level at $2. If market conditions align, SUI could rise toward this level, with a potential 15% gain pushing it to $2.18, matching its peak from March 2024. On the technical side, the MACD suggests a potential bearish crossover, with the MACD line approaching the signal line and the histogram shifting into the red zone, indicating a possible momentum shift. On a more positive note, Sui has surpassed $1 billion in Total Value Locked (TVL), now ranking higher than Polygon in this metric. This achievement adds strength to Sui's positioning in the competitive layer one landscape, despite the possible short-term bearish signals from the MACD indicator.