The SUI crypto token continues to demonstrate outstanding performance, topping the list of cryptocurrencies with the highest monthly returns. In this article, we'll examine the key figures and future prospects for SUI.
SUI Momentum Growth
SUI Crypto witnessed a ~13% rise in the past day, with a trading volume of $810.014 million. It has surged 54.36% over the past seven days and 80.81% in the past 30 days. Long-term investors have been rewarded with a 2X return this year. The recent price surge successfully breached its resistance line, and its EMA 50/200-day indicator is nearing a Golden Cross, indicating a bullish market outlook.
New ATH for SUI's TVL
With a 24-hour trading volume of $76.38 million, Sui's Total Value Locked (TVL) reached a new all-time high of $1.317 billion. With a total market cap of $4.022 billion and around 33% of it locked, this highlights a strong bullish perspective among investors. Despite a significant drop in TVL between May and August, increased adoption and investor trust have led to a new rise from $611.37 million to $1.317 billion in just 47 days.
Projections and Prospects
Breaking out from its resistance level of $1.60 could set the stage for Sui to test its upper level of $1.90. Furthermore, if the bullish sentiment continues, the token could reach its upper high of $2.18 soon. On the downside, if bearish trends gain momentum, Sui might test its support levels of $1.29 and $1.
The SUI cryptocurrency continues to achieve significant milestones in the market, both in price growth and TVL increase. Sustained investor interest and trust could further drive the token's growth in the near future.
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