Cryptos have recorded modest gains this week with Bitcoin (BTC) and Solana (SOL) making sizeable strides among other majors like Ethereum (XRP) and XRP. Although relatively new, SUI price emerged as another notable gainer, up 5.5% to $1.6.
The increase in trading volume to $480 million and the market cap holding at $1.8 billion underscore the growing interest in the token among traders. On top of the daily gain, SUI’s value has increased by a staggering 26% in the last seven days, 27% in a fortnight, and 100% in a month.
Recommended: 3 Reasons Why Terra Classic (LUNC) Price Could Explode To $1 In 2024
Can SUI Price Outperform Bitcoin In 2024?
SUI price is testing resistance at $1.6 as shown by the yellow band on the daily chart below. On account of the rebound from support around $1 backed by the 20-day Exponential Moving Average (in blue), traders significantly increased exposure to long positions in the token.
This bullish outlook in a period marked by negative and uncertain m
We współpracy z: https://coingape.com/markets/reasons-why-sui-price-is-up-5-while-bitcoin-price-sea-saws-above-43000/
