The cryptocurrency market demonstrates recovery after a recent decline, evidenced by the rise of various assets, among which SUI stands out.
Overview of the Cryptocurrency Market
The cryptocurrency market is currently showcasing moderate recovery, registering the growth of assets back to previous highs and transitioning into a bullish phase. In this context, Bitcoin, the largest cryptocurrency, is trading at around $111K.
SUI Prices and Trading Volume
The SUI asset has recently exhibited a steady rise of over 9.74% in the last 24 hours, opening the day at around $2.93 and reaching a high of $3.25, thereby breaking resistance levels at $2.98 and $3.22. Currently, SUI trades within the $3.23 range, boasting a market capitalization of $11.12 billion. Its daily trading volume has surged by over 128%, reaching $1.28 billion.
Future Prospects for SUI
The recent price increase of SUI may push the asset towards key resistance at the $3.28 range. If the upward correction continues, SUI might reach above the $3.35 mark. However, if the upward trend weakens, the price might retrace towards the $3.17 level, and should that level fail to hold, SUI could drop to as low as $3.07.
Thus, SUI demonstrates growing investor interest and could continue its upward trends amid the overall recovery of the cryptocurrency market.
