$SUI 🚀The SUI token has experienced a significant increase in its price in the last 24 hours. Below, I present some key data about its current trend:
- *Current price*: The price of SUI has risen by 5.71% in the last 24 hours, reaching a value of $1.22.
- *Market capitalization*: The market capitalization of SUI is approximately $2.43 billion, with a circulating supply of 2.43 billion tokens.
- *Trading volume*: The trading volume of SUI in the last 24 hours has been $427.38 million.
*Technical analysis*
- *Bullish trend*: SUI has broken a key downtrend line and has surpassed resistance at $1, suggesting a possible continuation of the bullish trend.
- *Support levels*: Immediate support is at $1.08, followed by $0.97. If support at $1.08 holds, SUI could target $1.35 and potentially $1.50.
*Possible scenarios*
- *Bullish scenario*: If SUI maintains its bullish momentum, it could reach $1.50 in the short term, representing a 23% increase from its current price.
- *Bearish scenario*: If SUI fails to hold support at $1.08, a correction towards $0.97 or even $0.90 could occur.
In summary, the SUI token has shown a bullish trend in the last 24 hours, and its price could continue to rise if it maintains support at $1.08. However, it is important to consider the risks associated with the volatility of the cryptocurrency market.