Analysis of $SUI - AMBCrypto Analytics

Analysis of Sui (SUI) on a daily time frame reveals a significant turnaround after a prolonged decline. The week began with a continuation of the downward trend, as SUI dropped by 5.39% and further decreased by over 7% the next day.

These declines marked the 10th consecutive day, bringing its price down to $0.53.

However, the trend reversed dramatically on 5th August, with SUI posting a 12.55% increase, which increased the price to approximately $0.6. The most substantial rise occurred on 8th August, when SUI surged by 38.58%, boosting its price to around $0.8.

The week concluded with a 7.42% increase, pushing the closing price to approximately $0.9. 

This series of increases led SUI to close the week with an overall gain of over 44%, categorizing it as the week’s top performer, according to CoinMarketCap.

Also, as of the latest data, SUI’s market capitalization stood at over $2.3 billion, with trading volume surpassing $319 million. The trading volume has risen by over 16% in the last 24 hours.