The 73% weekly SUI price gets the leading crypto market – new price record to reach?

Key Takeaways:

• The SUI has reached 23% over the past 24 hours and 73% weekly, releasing top-cap cryptocurrencies.

• The launch of the Grayscale Sui Trust and the Xportal/XMoney MasterCard Partnership strengthened the investor confidence.

• Sui’s TVL has reached 40%, and the sun -day Dex Volumes advanced 177%, which signed the strong trust and utility of the ecosystem.

Sui (Sui) The price reached 23% a day, to trade at $ 3.67 on April 25. It was part of an existing rebound that began on April 21 and saw the SUI rise more than 73% in the last seven days.

Data from Cointelegraph Markets Pro and Tradingview Showing Sui Rose from low $ 2.11 on April 21, up almost 77% to an intraday of $ 3.71 on April 25th.

Sui’s performance in the last seven days has made it the biggest gainer in the top 100 cryptocurrencies through the Market Cap.

Sui price powered by positive foundations

Sui’s acquisitions are primarily -FUELED by increasing investor confidence following the launch of the Grayscale Sui Trust and Sui’s strategic collaboration with Xportal and XMoney to issue a virtual MasterCard throughout Europe.

“Sui is officially out of stealth mode,” Says Pseudonymous analyst Kyledoops in a post on April 24 on X.

“Grayscale just launched a trust, Social Chatter explodes, and it’s (Sui) sitting on top of Avax and linked to the market cap,” Kyledoops declared, adding:

“It’s not just this retail hype – Wall Street will enter the Sui Zone. Momentum feels different at this time. This is true. And it is speeding up.”

On April 23, Grayscale launched The Grayscale Sui Trust, which gives investors to get exposure to Sui. Trust is now open to all the right accredited investors.

Adding to Tailwinds is Sui’s latest cooperation with Xportal and XMone, which introduced A Virtual Mastercard, which enables 2.5 million European users to spend the token with over 20,000 merchants via Apple Pay and Google Pay.

Sui’s growing defi ecosystem

SUI remains in the top 10 layer-1 blockchains, with over $ 1.65 billion in Total amount that is locked (TVL) on the network. The chart below shows that SUI TVL rose nearly 40% in the last seven days.

Compared to other top-layer networks, SUI is preceded by its rivals in terms of TVL acquisitions on daily, weekly and monthly time frames, as shown in the chart below.

SUI’s DEFT -VOLUME Volume rose more than 177% in the last week, up to $ 599 million. This is significantly higher than the 68% and 67% increase in the BNB chain and Solana, respectively.

Related: Price predictions 4/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, SUI

Although the Ethereum remains undeniable leader for $ 10.6 billion, it has refused more than 14% in the last seven days.

Are new all-time highs coming for Sui?

From a technical point of view, the price of SUI gets momentum after destroying a falling wedge pattern, as shown in the sun -sun chart below.

Following the violation of a multimonth trend near $ 2.20, Sui reached the technical wedge target at $ 3.30.

The Bulls are now focused at all times of $ 5.35, reached on January 6.

The KaMag -Kaba -child index -child -child (RSI) has risen from 45 to 78 since April 20, strengthened the strength of bullish momentum.

However, in order to maintain continued recovery, the price of SUI must first overcome the resistance between $ 4.50 and $ 5.10, before entering the price detection.

Based on Elliott’s wave assessment In the weekly chart, Pseudonymous analyst Bitcoinsensus set a “massive” target price of $ 11.50 for SUI.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.