SUI Gains 79% in Value as It Outperforms Bitcoin
SUI has surged over 79% since hitting a local low of $1.71 two weeks ago, emerging as a top performer among Layer-1 blockchains. However, geopolitical tensions between the US and China pose risks to market stability.
- SUI is gaining strength against Bitcoin, marking significant relative performance.
- Most altcoins struggle to outperform BTC amid cautious market conditions.
- The next few days are crucial for SUI's ability to sustain its breakout or enter consolidation.
- SUI is currently trading at $3.53 after aggressive buying pressure.
- Key support level is $3.20, near the 200-day moving average.
- Reclaiming resistance at $4.00 could lead to new all-time highs.
Market reaction in the coming days will likely influence SUI's rally potential amidst broader risk assets.
