#SUI🔥 : Towards New Highs?

The price of $SUI shows a bullish outlook, driven by a TVL growth that surpassed $2.2 billion and a 145% increase in daily active users in July. The recent network upgrade improved performance and reduced fees, attracting institutional interest.

Technically, an ascending triangle pattern with support at $3.00 and resistance at $4.35, along with positive indicators (EMA, MACD, RSI), suggest sustained buying momentum. A breakout above $4.35 could lead SUI to new highs, consolidating its position in DeFi.

Will we see $SUI reach $5.00 soon?