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SUI Price Analysis—SUI Breaking Out, May Trigger a 25% Upswing to Reach $3.3
The price of SUI has started to breakout and rise sharply after rebounding from the local lows around $2.5. This sudden surge in price is led by the launch of Walrus Protocol mainnet, which utilizes the SUI blockchain. As a result, we expect this upswing to continue and potentially reach $3.30.
The recent price action demonstrates healthy accumulation with decreasing volatility while maintaining higher lows since the local bottom was hit. The significant spike in trading volume also indicates that traders are accumulating the asset aggressively, fueling the current rally.
Source: https://coinpedia.org/price-analysis/sui-price-analysis-sui-breaking-out-may-trigger-a-25-upswing-to-reach-3-3/
