Sui (SUI) reached an all-time high of $5.35, trading at $5.22 with a 6.01% daily increase.
Market cap stands at $15.69B, with a 44.63% surge in 24-hour trading volume to $2.59B.
Sui has reached a new all-time high of $5.35, marking a significant growth in its market performance. Currently, SUI is trading at $5.22, up 6.01% over the last 24 hours, with a market cap of $15.69 billion, representing a 6.04% increase.
Its trading volume surged 44.63% to $2.59 billion, translating to a 24-hour volume-to-market cap ratio of 16.53%. SUI’s fully diluted valuation (FDV) is $52.2 billion, based on its total supply of 10 billion tokens, of which 3 billion are circulating.
The Haedal Protocol enhances the Sui ecosystem through advanced liquid staking capabilities, integrated with decentralized finance (DeFi) features. The cornerstone token, haSUI, exemplifies this innovation, further boosting Sui’s utility and adoption.
Bullish Indicators for SUI
Based on the 4-hour chart, SUI is trading above key moving averages, reflecting bullish momentum. The 9-period moving average (MA) stands at $5.13, while the 21-period MA is at $4.72. The crossover of the shorter MA above the longer one signals a potential continuation of the uptrend.
The Relative Strength Index (RSI) is at 74.67, indicating an overbought condition. Its average value at 70.49 confirms strong buying pressure. If RSI levels remain elevated, SUI could sustain its upward trajectory, but a pullback is possible if overbought conditions persist.
SUI faces immediate resistance at $5.35, the recent all-time high. If this level is breached, the price may target $5.50 in the short term. On the downside, key support lies at $5.13, followed by a stronger base at $4.72. A break below these levels could trigger further declines toward $4.15.
The bullish crossover in moving averages, coupled with high RSI levels, indicates strong momentum for SUI. The integration of Haedal Protocol’s liquid staking and DeFi solutions could drive further adoption, solidifying Sui’s position in the crypto market.
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