A 9% increase is definitely a significant move in the volatile cryptocurrency market. Has the major upward wave for SUI begun? It's hard to say for certain, but several factors suggest that it might be possible:
🟢Potential positive factors for SUI:
⚡Strong recent performance: In addition to the recent increase, SUI made good gains last week.
⚡Positive developments in the ecosystem: There are news about new integrations and upcoming projects on the SUI network.
⚡Increased institutional interest: There is talk of ETF funds being introduced for SUI, which could attract more institutional investment.
⚡Positive technical analysis: Some technical analyses indicate an upward momentum for SUI.
However, it is important to consider:
🔴Market volatility: The cryptocurrency market is known for its extreme volatility, and today's increase may be followed by a correction.
🔴Potential resistance: SUI may face price resistance levels that could limit its rise.
🔴General market conditions: The performance of SUI will also be affected by the overall trend of the cryptocurrency market.
In conclusion, it's worth mentioning that a 9% increase is a strong start, but it is too early to say whether this is the "major upward wave." Therefore, it is important to monitor SUI's performance and the market movement in general to assess whether this increase will continue.
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