Sui Price Reclaims $5-Here’s When the Crypto Will Officially Enter the Top 10 Surpassing Tron
SUI price has overtaken popular altcoin Avalanche to secure the 11th position after rising by more than 3% in the past 24 hours. Due to the weak performance of AVAX price and the slight increase in Tron (TRX) price, SUI price has a good chance of entering the top 10. At the same time, this may take more time than expected, as the path to $20 billion appears to be a daunting task.
The Sui price chart is one of the strongest charts among other cryptocurrencies in terms of price action and volume concentration. The platform’s trading volume has remained above average since the second half of 2024, which has kept the coin volatile. Additionally, the coin’s bizarre behavior has kept traders on high alert. Therefore, SUI price is expected to continue its bullish trend and reach new highs.
As mentioned above, SUI price is trading within an ascending parallel channel, which is considered the most bullish pattern as the cryptocurrency follows a strict upward price movement. The pattern of Bollinger Bands indicates that another bullish wave is quickly approaching, as it has already expanded within the channel several times and set the stage for another bullish wave. Secondly, the RSI trend is one of the main reasons to be bullish on SUI, as it has not fallen below the average since August 2024.
Therefore, the price of SUI, which has received a lot of attention recently, is believed to flow according to this pattern and eventually test the resistance above the channel. Furthermore, the current trading setup suggests that the next highest peak in SUI price growth could be around $6.02, which could materialize in the first few days of next week. However, to break into the top 10, SUI’s price would need to hit the $10 milestone, which could happen later this year.
