SUI is about to break $5!
In recent weeks, Sui (SUI) has become the focus in the cryptocurrency world, with growth rates that even leave Bitcoin in the dust. It surged by 72% in just seven days, and coupled with rumors related to Pokémon, investor excitement has reached a boiling point.
As the SUI price hovers around a key resistance level today, traders are curious: Can this momentum push SUI above $5?
The price of the $Sui token has been on a significant upward trend, not only surpassing the broader altcoin market, but even Bitcoin itself. The main catalysts driving this surge include:
The growth of the decentralized finance ecosystem.
Sui's total locked value (TVL) has skyrocketed by nearly 40% in a week, now exceeding $1.8 billion.
Strategic partnerships: Collaborations with xPortal, xMoney, Babylon Labs, and Lombard Protocol have strengthened Sui's presence in DeFi and real asset adoption.
Currently trading at about $3.70, SUI is contending with a resistance of $3.8. If it successfully breaks through $4.3, it will pave the way to test the $5.4 level, making the possibility of SUI's price reaching $5 in the near term increasingly likely.
One of the exciting factors behind SUI's rise is the speculation surrounding Pokémon's entry into the cryptocurrency space. Mysten Labs' acquisition of Parasol Technologies, now related to the updated privacy policy of Pokémon HOME, has sparked enthusiastic speculation among investors.
Although there has been no official confirmation yet, even the rumors have been enough to trigger an impressive rebound. If a partnership is confirmed, it could:
Significantly enhance SUI's mainstream appeal.
Increase the usage of Sui's NFT and gaming infrastructure.
Push another leg higher on the SUI price prediction target, possibly surpassing $5 and moving towards the $6–7 range.
