- The activities and data signals of Sui suggest a strong market optimism, while Bullish Momentum continues.
- Analysts predicted that sui could go beyond $ 5.35 of all time and it could focus $ 7.22 key resistance level.
Sky [SUI] is committed to a bullish momentum in the last 24 hours after a price increase of 10.52% and an increased network activity.
At the time of writing, Sui traded at $ 3.31 and rose from the $ 2.85 important support on the 4 -hour period. According to Cryptowaves -data is RSI level 45, which indicates a neutral market sentiment after weeks of Beerarish Momentum.
Keeping the support zone of $ 2.85 to 3.00 in the lower time frames confirms the upward trend in the higher period of time.
According to Solberg Invest on X (formerly Twitter), Sui could surpass his $ 5.35 of all time, go beyond the critical level of $ 6.16 and aim the resistance level of $ 7.22.
Source: X
Chain statistics
According to Oklink -data there is an increase of 55,522 increase in active addresses in the SII network in the last 24 hours. The total addresses increased by 102,883, while the trade volume increased by 7.15%.
A crypto analyst, Giannis Andreou has also shared the growing acceptance of the SII network with the next X post.
He noted that Sui experiences a higher transaction volume than Ethereum, Arbitration and Optimism combined in 2025, with daily transaction volumes that grow steadily.
Source: X
What is the current market sentiment?
According to the data from Coinglass, the currency received 24-hour open interest on large exchanges, with a positive market sentiment after a few weeks of Bearish Momentum.
Source: Coinglass
At the time of writing, the daily long-to-Korter ratio was above 2.3 according to the data from Coinanalyze. The statistics suggest optimism and a bullish market sentiment about large stock exchanges.
Source: Coinanalyze
So what now?
Sui Network will probably launch more projects to expand his ecosystem. The low costs, scalability and high transaction supply are some of the benefits.
Moreover, the Sui Blockchain Defi and NFTs embrace in its growth.
Is your portfolio green? View the Sui -winnst calculator
The coin can retain the upward trend after holding the $ 2.85 key support level. The Bullish Momentum could look at the critical level of $ 6.12. If this applies, we could see Sui on the $ 7.00 and 7.22 resistance zone.
Investors must be careful for these important levels for confirmation before the following movements are made.
Credit : ambcrypto.com
