Sui Price’s bullish momentum holds strong, with significant data points pointing towards further growth.
On Sunday, Sui (SUI) coin was trading at appr $3.40, a 94% rebound from its April 2023 high, signaling positive momentum. The token has emerged as a fast-growing entity in the crypto space, with the largest number of assets (40% in the last quarter) and » 2.45 billion in the Decentralized Exchange (Dex) network. The stablecoin market cap reached over $897 million, a target heading toward $1 billion and expanding transaction volume to $2.9b in the last seven days.
The strong growth is solidifying, as Decentralized Exchanges peers like Cetus, Momentum, and Bluefin are surging, with a total transaction volume of $11.2b over the past 30 days. The fact that the 50-day moving average crosses the 200-day average forms a ‘golden cross,’ a bullish pattern often seen at potential price levels.
This bullish trend must peak somewhere at $5.4, as seen with recent analyst predictions. enthusiasts could be waiting for confirmation, but the groundwork for a strong breakout is well established. Watch for $5.4 and higher after confirmation.
