The $SUI token, the native asset of the Sui blockchain, has shown notable price growth and is attracting market interest.
Price Achievements of $SUI
According to data from Captain Faibik, the $SUI token has demonstrated a broad technical breakout, forming a bullish flag and a falling wedge. Currently, the price has reached $4.04 after a rebound from lows around $3.51, reflecting an 8.56% increase over the last 24 hours.
Bullish Dynamics and Predictions
Analysts point to $10 as the midterm price target for $SUI, indicating a potential growth of approximately 150%. Additionally, there is speculation that the price may reach $6.68 in the near term, provided that positive price momentum continues.
Traders Advised Caution
Carl Moon's channel notes that the current bullish trajectory of $SUI indicates a 'wake up.' However, despite the TVL rising above $2B, traders are advised to remain cautious as bulls still control the market.
The current trends in $SUI token prices indicate promising opportunities for further growth, yet traders should stay vigilant regarding potential market fluctuations.
