Sui (Sui), the native token of the SUI network, rose nearly 10% in the past 24 hours after many catalysts last week pushed the token into a breakout zone.
The token delivered a bullish performance, up to $ 3.24 from $ 2.94 with a trade range of $ 0.34 reflecting 11.5% volatility, according to the CoinDesk Research’s technical review model. It built a huge upward momentum featuring known surge quantities at $ 2.99 and $ 3.10, showing strong institutional accumulation and validation of these breakout points as high -volume levels.
Critical resistance became materialized at $ 3.27 where the price encountered a return in the middle of the volume increase, while the support stabilized within the $ 3.20- $ 3.21 zone during the late trading time, indicating possible accumulation positioning for ongoing upward movements.
Bullish Momentum came after many catalysts for the token, including the Launch of the TBTC’s TBTC TRESHOLDLESS, an ERC-20 token backed 1-to-1 by Bitcoin, with the Sui Blockchain earlier this week that could add more than $ 500 million to Bitcoin’s liquidity to the SUI network.
SUI rank of the top five Layer-1 networks, with a daily volume up to 135% compared to a market average of 52%, according to Coinbase data. Token rose more than 340% in the past 12 months, exceeding the broader crypto market as measured by CoinDesk 20 Indexwhich increased about 2.8% at the same period.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
