Sui price is slowly forming a bullish flag and a golden cross, pointing to a strong breakout as its funding rate turns positive and decentralized finance assets jump.
Sui 
sui4.57%Sui token was trading at $3.40 on Saturday, up by 94% from its highest level in April this year.
Third-party data shows that Sui has become one of the fastest-growing players in the crypto industry this year. The amount of assets locked in its decentralized exchange network has jumped by 40% in the last 30 days, to $2.45 billion.
This growth has made it the 9th biggest blockchain in the industry, bigger than popular networks like Avalanche
The daily chart shows that SUI coin has jumped in the past few weeks, moving from a low of $1.7290 on April 7 to $3.4 today. It is slowly forming a bullish flag pattern, a popular continuation sign.
Sui token is also forming a golden cross pattern, which happens when the 50-day and 200-day moving averages are about to cross each other.
Therefore, the coin will likely have a strong bullish breakout. The next target to watch is $5.395, its all-time high, which is about 60% above the current level.
