The SUI cryptocurrency has significantly strengthened its position, surpassing Avalanche to claim 11th place in the rankings. The SUI price has increased by more than 3% over the past 24 hours.
SUI Price Increase
The SUI price has risen by over 3%, allowing it to surpass the popular cryptocurrency Avalanche. While AVAX shows weakness and TRX holds marginal gains, SUI has the opportunity to enter the top 10 cryptocurrencies.
Technical Analysis
The SUI price chart shows strong movements and high volume since the second half of 2024. Currently, it is trading within an ascending parallel channel, considered the most bullish pattern. The RSI readings also support a continued bullish trend, not dropping below average since August 2024. Additionally, Bollinger Bands indicate another bullish wave is imminent.
Growth Prospects
SUI has attracted significant attention and is expected to continue its growth following current patterns, aiming for new highs. The current trade setup suggests the next ATH around $6.02 could be reached in the coming days. However, to enter the top 10, SUI needs to achieve $10, which may happen later this year.
SUI continues to show strong growth amidst market volatility. Despite the challenges ahead in reaching the top 10, the cryptocurrency maintains a positive momentum that could lead to new highs.
