Sui (SUI) is a Layer-1 blockchain platform that has attracted significant attention in the crypto market. On December 12, 2024, the price of SUI hit an all-time high of $4.91 (around Rp78,648), driven by increased trading activity and integration with leading digital wallets.

This price surge is in line with the increase in the total value locked (TVL) in Sui's decentralized finance (DeFi) ecosystem, which reached a record $1.84 billion, reflecting growing confidence and interest from investors.

In addition, trading volume on Sui's decentralized exchange (DEX) has also seen a significant surge, with total volume surpassing $35 billion and daily trading activity reaching over $466 million.

Although technical indicators such as the Directional Movement Index (DMI) and BBTrend suggest that the trend strength may be weakening, SUI's uptrend remains intact. If the bullish momentum continues, SUI has the potential to break through the resistance at $4.92 and reach $5 for the first time by the end of December 2024.

However, if the trend reversal occurs, SUI may test the support level at $4.49 or even drop to $3.65.

It is important for investors to monitor these developments closely, given the high volatility of the crypto market. In-depth technical and fundamental analysis is required to make informed investment decisions.#SUIHitsATH JOIN ! #CryptoReboundStrategy