Sui ($SUI ) riding the hype wave: price $4.04, up +11.1% in 24 hours! 📈 This Layer 1 blockchain, using Move and zkLogin, is attracting attention due to its scalability and DeFi-TVL of $2.2B. Support from AMINA and Sygnum Bank enhances interest.
Analytics: On the daily chart $SUI is moving above the 50 EMA, RSI (60) is in the neutral zone, trading volumes ($1.6B) confirm bullish momentum. Key levels: support at $3.8, resistance at $4.5. Short-term forecast: a breakout at $4.2 could raise the price to $5 within 1-2 weeks. Long-term: growth in stablecoin volume ($1T) and partnerships (Phantom Wallet, Babylon Labs) could bring SUI to $7-$10 by the end of 2025, according to Coinpedia.
Risks: Token unlocks ($162M) and market volatility require caution. DYOR!
💬 Will we break $SUI $5 or see a correction? Share your predictions in the comments! Subscribe so you don't miss fresh analytics and insights! 📡 #SUI #Binance #Crypto #Trading #Altcoins
