Sui Outperforms Rivals Amid Fourth Consecutive Week of Crypto Inflows
Sui Performance Overview
- Sui has outperformed altcoins this week amid a broader market gain.
- Digital asset investment products recorded $882 million in inflows last week, totaling $6.7 billion year-to-date.
- Bitcoin led inflows with $867 million; Sui attracted $11.7 million, surpassing Ethereum's $1.5 million and Solana's $3.4 million outflows.
Technical Analysis of Sui
- SUI is currently priced at $4.15, up 4.71% today.
- Fibonacci levels indicate resistance targets at $4.57 and $4.97, with support at $4.20 necessary for an upward breakout.
- The RSI is around 72, indicating strong bullish momentum but potential overbought conditions.
- The MACD shows a bullish crossover, supporting the uptrend.
Upcoming Event
- Sui will host “The Great Sui Odyssey #5” on May 17 in Vietnam, focusing on innovations in AI, gaming, and DeFi.
SUI Daily Chart with RSI, MACD, and Fib levels | Source: TradingView