SUI price aims for new highs, targeting the top ten cryptocurrency rankings!

As the SUI price has risen over 3% in the past 24 hours, it has successfully surpassed Avalanche (AVAX), firmly holding the 11th position, just one step away from the top 10 rankings. However, this race towards a $20 billion market capitalization is not easy, but SUI's technical chart shows strong upward momentum.

Why is SUI attracting so much attention?

Strong price trend

Since the second half of 2024, SUI has maintained high trading volumes and is currently steadily climbing within an ascending parallel channel. This pattern is often seen as one of the most bullish signals in the market.

Technical indicators support the upward trend

Bollinger Bands show multiple price expansions, indicating that another wave of upward momentum is on the way. The RSI (Relative Strength Index) has not fallen below the average since August 2024, indicating strong buying interest.

Target price

In the short term, SUI price is expected to test the key resistance level of $6.02, anticipated to be achieved early next week. If market sentiment remains optimistic, a price breakthrough above $10 and entry into the top 10 will mark a significant milestone for the cryptocurrency market in 2025.

The future potential of SUI

SUI's sustained bullish outlook not only attracts investor attention but also demonstrates its platform's market appeal and traders' enthusiasm. As volatility increases, traders need to be cautious in seizing opportunities, but the upward potential is clearly undeniable.

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