As 2024 came to a close, interest shifted to Layer 1 blockchains like Solana and SUI, which are showing impressive results.
SUI price surge and its impact
In early 2025, SUI's native token surged, surpassing its previous all-time high to reach $5.20, marking a 20% increase in 24 hours. The total value locked (TVL) for SUI also reached a record high of $1.96 billion. The daily trading volume skyrocketed by 150% to $2.08 billion, allowing SUI to climb into the 12th spot in crypto rankings, surpassing Toncoin and Chainlink.
Technical indicators and key SUI levels
Technical indicators also show strong bullish momentum for SUI. Its price is trading well above the Ichimoku Cloud on the 4-hour SUI/USDT chart, signaling potential for further upward movement. The MACD above the signal line confirms this momentum.
Market speculations and SUI's prospects
Speculation in the market is rising, with many wondering if SUI’s price will hit the $10 mark in the coming days. An RSI of 75 on the 4-hour time frame indicates that SUI is currently in an overbought zone.
The future trajectory for SUI remains of keen interest to market participants, particularly in light of technical indicators and growth potential.
