$SUI ๐ Sui ($SUI) Price Action Heats Up: Bulls Take Control! ๐ฅ
Sui has been making serious moves lately, riding the crypto wave with Bitcoinโs ATH and strong ecosystem growth:
๐ Recent Surge
- SUI jumped 18.2% in 24 hours, reaching $3.96 as of July 14
- Weekly gains top 30%, with bullish momentum building fast
๐ Technical Breakout
- Broke out of a descending parallel channel, confirming trend reversal
- Reclaimed key support at $2.70, now targeting $4.87+
- RSI and MACD show strong bullish signals, with volume surging
๐ฐ Fundamentals Fueling the Rally
- TVL hit a record $2.25B, signaling rising DeFi activity
- Nasdaq filed to list a SUI spot ETF, boosting institutional interest
- Integration with NEAR Protocol enables cross-chain swaps, enhancing usability
๐ Short-Term Caution
- RSI is overbought near 82, suggesting a possible pullback to $3.60โ$3.70 before next leg up
Suiโs price action is more than hypeโitโs backed by solid tech, growing adoption, and bullish sentiment. Eyes on $5 and beyond?
