What Next For Sui Now?
Sui, the native token of the first-layer blockchain platform, releases exciting new news All time high (ATH) is $4achieving an astonishing 100% surge in just 30 days. This rapid growth has been driven by significant developments within the platform’s DeFi ecosystem, which has seen its total value locked (TVL) soar to $1.61 billion.
SUI reaches new ATH $4
Sui Blockchain is gaining momentum in the crypto world, positioning itself as a developer-friendly decentralized application (dApp) platform. Following Bitcoin’s rise to a new ATH of $103,000, Sui has also surged, recently reaching a new milestone of $4.04.
Over the past few months, Sui has provided its supporters with an incredible 760% ROI, making it one of the best-performing altcoins this year. Sui’s growth isn’t just reflected in its price.
The platform’s TVL surged significantly, growing from $665 million to Valued at US$1.61 billion in just 9 days. The surge in TVL highlights growing confidence in the Sui ecosystem, with users increasingly locking their assets in smart contracts for staking, lending and liquidity provision.
What’s next for Sui?
Sui’s technical analysis shows mixed signals, but the long-term outlook is very positive. As market momentum turns negative, the Bollinger Bands trend points to caution in the short term.
However, these negative readings can mean that the coin is oversold, often leading to a price rebound once the selling pressure subsides. Meanwhile, Coinglass data shows Exchange inflows surgewhich is a common sign that people are ready to sell.
Perhaps Sui’s price is still showing strong bullish momentum. The exponential moving average (EMA) is in a favorable formation, indicating that prices may surge soon.
Sui’s near-term target is $4.54, with psychological resistance at $5.00, which would put it on track for a new all-time high. Some experts believe the coin’s price may soon reach $7, while others predict it will reach an eye-popping $17 by the end of the year.
