Sui (SUI) Skyrockets to 30-Day High, Targets $1.12
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The SUI coin, native to the Layer-1 blockchain Sui Network, has seen a remarkable price increase over the past week. At $0.90, it represents an 82% rise in just seven days. The altcoin is trading at its highest price in the last 30 days.
Increased trading activity has been noted, with daily trading volume reaching $376 million, the highest since June 7, according to Santiment. This indicates a surge in interest and demand.
The Moving Average Convergence/Divergence (MACD) indicator shows the MACD line above the signal line and zero line, suggesting strong short-term momentum and further price appreciation potential.
SUI's Elder-Ray Index also shows positive values, indicating strong bullish activity and potential for a continued price rally. The next price target for SUI is $1.12, contingent on sustained demand and bullish sentiment.
However, any significant profit-taking could lead to a price decline, possibly down to $0.46.
Fuente: beincrypto.com ↗
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