Sui (SUI), the native coin of the Sui Network, has surged 82% over the past week, reaching a 30-day high of $0.90. The altcoin&#39;s bullish momentum is supported by increased trading activity, with daily volumes hitting $376 million, the highest since June 7.Key technical indicators, including the Moving Average Convergence/Divergence (MACD) and Elder-Ray Index, signal continued upward potential. SUI is targeting a price of $1.12, last seen in June, as demand remains strong.However, if profit-taking occurs, the price could drop back to $0.46, a level reached in early August.

Sui (SUI) Surges to 30-Day High, Eyes $1.12 Target

DroomDroom

Other articles published on Aug 12, 2024

Binance Labs Announces Second Cohort of Season 7 Incubation Program: Aarc, FluxLayer, and Ton Ton...

Will China’s Cash Infusions Propel Bitcoin’s Rise?

Bitcoin Price Falls Below $60,000

USDT and USDC Inflows Surge by $3 Billion, Sparking Crypto Recovery

Binance Announces Automatic Conversion of Certain Altcoins to USDC

Solana Investors Experience Significant Liquidation

Join our free newsletter for daily crypto updates!