CRYPTO BASICS
SUI's 8.3% surge to $3.60, alongside a golden crossover (typically when the 50-day moving average crosses above the 200-day MA), is a strong technical indicator of bullish momentum. Combined with rising network activity and trader interest, the conditions look favorable for further upside.
However, reaching the $6 all-time high (ATH) depends on a few key factors:
Sustained volume and buying pressure: A one-day jump isn't enough; continued demand is crucial.
Market-wide sentiment: Altcoins often follow Bitcoin and Ethereum trends. A broader rally would support SUI.
On-chain growth: SUI’s Total Value Locked (TVL) surpassing $1.74B is promising—continued growth here will reinforce investor confidence.
Resistance levels: It may face psychological and technical resistance around $4.00 and $5.00 before testing $6.
If bullish momentum continues and no major market pullback occurs, SUI retesting its $6 ATH is a realistic possibility in the coming weeks.