Sui (SUI) price trades around $2.08 on Wednesday after retesting key support and rallying 17% on Tuesday, signaling the potential for a new all-time high in the short term.
Sui hovers around $2.08 on Wednesday after bouncing from a key support level on Monday, signaling chances of hitting a new all-time high in the short term. TVL value is rising, indicating more users deposit or use assets within SUI-based protocols. SUI’s decentralized exchange trading volume is increasing, suggesting a surge in traders’ interest and liquidity in the SUI ecosystem. Sui price trades around $2.
A successful close above this level could pave the way for SUI to target the 141.40% Fibonacci extension level at $3.15. However, traders could opt to book some profit around its key psychologically important level of $3.00. The Relative Strength Index on the daily chart reads 58, above its neutral level of 50 and pointing upwards, reflecting that bullish momentum is gaining traction. SUI/USDT daily chart Crypto aggregator platform DefiLlama data shows a bullish outlook for Sui.
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