🚨🚨 Sui Price Ready for a Surge After Retesting the Breakout Level🚨🚨
$SUI it broke out of a falling wedge pattern on Thursday and rallied 20% over the next four days, but as of Tuesday it is undergoing a correction, down 10% from the high reached last night and trading at $0.98.
On-chain data shows that SUI's Total Value Locked (TVL) is increasing, reflecting increased activity and interest in the ecosystem. Meanwhile, Grayscale's launch of the Grayscale Sui Trust on August 7 hints at a bullish outlook for SUI in the coming days.
The asset’s surge has caught the attention of many in the industry. Raoul Pal, founder and CEO of Real Vision, recently described Sui as “a full-stack, super-fast, super-efficient blockchain ecosystem that emerged from Meta’s Diem project.” He said SUI is on his radar as “potentially one of the fastest horses in the race.”
#CryptoMarketMoves #WBTCUnderScrutiny #MarketDownturn #SUI🔥
