As of October 21, 2024, SUI (Sui Network's native token) has been trading with high volatility. Its current price is around $2.0261, with a recent all-time high of $2.36 reached on October 13, 2024. SUI is currently ranked #25 in market capitalization, with a total market cap of approximately $5 billion. #SuiFundamentalUsedCase
In the last month, SUI has recorded 19 green days, showing some positive momentum despite its recent volatility. Its price is slightly below the key resistance levels of $2.22 and $2.38. However, SUI still maintains a bullish outlook, with technical indicators signaling favorable conditions for price growth. Around 88% of indicators point to a positive trend, with the market sentiment leaning towards "Greed" according to the Fear & Greed index.
SUIâs trading volume remains substantial across exchanges, reflecting its growing importance within decentralized applications (DeFi, NFTs, and more) and staking activities on the Sui Network. Despite some recent corrections, analysts are optimistic about its future, especially with ongoing integration plans involving AI and blockchain, which could drive further utility and adoption of the token.
Looking forward, SUI may reach its next price targets of $2.64 if the bullish trend continues, though itâs important to monitor resistance levels and broader market movements. Long-term growth could be influenced by the networkâs expanding ecosystem and technical advancements.
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