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SUI, the native token of the Layer-1 Move-programmed blockchain, has surged over the past 24 hours. Currently trading at $2.20, the token has jumped 18% during this period and is approaching its all-time high of $2.36, last reached on October 12.
As Bitcoin ($BTC) broke its all-time high, in anticipation of Trump's election victory, some of the major altcoins started to outperform. Ethereum ($ETH), Solana ($SOL), and Sui ($SUI) are among the top movers.
The price of SUI, the native token of the Sui blockchain, has been on a downward trajectory, struggling to reclaim the $2.00 support level in recent weeks. With fluctuating market sentiment and a growing trend of short-selling, the altcoin's momentum has been subdued, leaving traders cautious about its short-term prospects.
Here's why leveraged bulls with long positions at $1.6 should be worried.
Sui (SUI) is making waves, pulling in a net flow of $24.3 million and outshining giants like Ethereum (ETH), which only pulled in $9 million, according to Mysten Labs' co-founder Adeniyi Aboidun. But here's the kicker - both Sui and Ethereum are currently stuck in a consolidation rut, leaving investors scanning the horizon for fresh, high-growth opportunities.
Sui price is on the verge of a breakout just a few hours to the U.S election day. The asset has been ripping the charts over the past few weeks but is currently facing resistance around its previous all-time high price.
Sui price is on the verge of a breakout just a few hours to the U.S election day. The asset has been ripping the charts over the past few weeks but is currently facing resistance around its previous all-time high price.
SUI price has struggled recently to secure $2.00 as a support level, drifting further away from this mark as enthusiasm wanes among traders.
The cryptocurrency market witnessed a surge in selling pressure ahead of the U.S. presidential election. With the Bitcoin price dropping below $70,000, the altcoin market shows signs of a fresh correction trend.
Both total value locked (TVL) and technical indicators are sending mixed signals for SUI price. After reaching a milestone TVL above $1 billion, SUI's market support has shown signs of hesitation, leading to a period of stagnation.
Sui has emerged as a noteworthy competitor in 2024, recently eclipsing both Solana (SOL) and Ethereum (ETH) in terms of net inflows. This significant achievement not only highlights Sui's growing influence but also raises questions about the future trajectory of its price amidst current market dynamics.
After peaking at $2.35 last week, SUI price has retraced over 10% to fall below the key $2.0 support, reflecting a dip in investor interest amid increasing bearish sentiment.
From being one of the top performers in the crypto market, the SUI crypto price has taken a slow route. Over the past few weeks, the lack of bullish momentum in a volatile market has put SUI jumping up and down the $2 psychological mark.
Sui has been moving in a highly volatile zone over the past month, but these movements have increased negative sentiment around the asset. Sui (SUI) reached an all-time high of $2.36 on Oct.
What's next for SUI price as it outperforms Solana and Ethereum on net flows.
With the Bitcoin price hovering below the $70,000 level, the altcoin market has experienced a significant correction in valuation. Moreover, top tokens have failed to hold their respective support levels. This highlights increased selling pressure in the crypto space.
SUI is making headlines in the cryptocurrency market, showcasing a remarkable bullish momentum that has traders excited about its potential for further gains. Recent price movements indicate that SUI could be on the verge of surpassing its previous high for 2024.
After recovering from the market retrace, SUI is trying to reclaim the $2 mark and break out from a bullish pattern. Some market watchers suggested the cryptocurrency will pull some “big moves” toward a new all-time high (ATH).
The anticipated crypto bull run has investors closely watching top digital assets showing strong weekly performances. Recently, with the surging in value, these cryptocurrencies are positioned to double in price as market sentiment improves potentially.
As November rolls in, Sui price shows no signs of slowing down. The price of SUI is on a short pullback after the entire crypto market hit a snag following the U.S. Stock market crash late October 31.
SUI, the native token of the Layer-1 Move-programmed Sui blockchain, is facing heightened selloff pressure. The recent drop has pushed SUI's price to $1.92, marking a 5% decline in the past 24 hours.
The SUI token is making headlines with a notable surge, crossing the $2 mark. As Bitcoin (BTC) inches closer to the $73,000 threshold, SUI's recent performance has captured the attention of traders and investors alike.
With the excitement around the crypto space increasing due to the potential year-end rally, a few tokens have been making waves. Sui (SUI) has rallied thanks to its recent MLS announcement.
SpringSui's open-source framework allows developers to design unique staking tokens, supporting broader DeFi adoption on Sui.
