The price of the SUI cryptocurrency has reached a new all-time high

Sui (SUI) was among the best-performing cryptocurrencies today (January 15), reaching an all-time high price of $1.43 (data from CoinGecko). The last time the coin reached $1.4 was in May 2023 after the launch of the Sui Network mainnet.

SUI's market capitalization has surpassed $1.5 billion, making it the 51st digital asset by this indicator.

CoinGecko Data

The asset's current rise comes amid a broad market correction that followed Bitcoin's sharp rise following the approval of spot Bitcoin ETFs in the United States.

However, SUI is going against the market trend. Today, the total value locked (TVL) on the Sui network soared to a peak of nearly $350 million, after last week's trading volume fluctuated between $30 million and $76 million, according to DefiLlama.
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The price of the SUI token continues to move up despite the Bitcoin correction

The Sui cryptocurrency (SUI) is still in an upward trend, attracting the attention of investors and traders. Despite stiff resistance at $1.50, the digital asset is showing strong bullish momentum, hinting at future gains. However, SUI has seen a slight price correction in the last 24 hours, causing some uncertainty among investors.

During the correction, SUI price fell to an intraday low of $1.31, where support was found, then rebounded to the $1.40 level. This price action suggests that buying interest in SUI is still strong, and investors may view this correction as a buying opportunity to add to their positions.

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