Sui (SUI) has experienced a notable price surge in the challenging cryptocurrency market, breaking a strong resistance level of $1.16. Following this breakout, the sentiment for SUI has turned bullish.
However, there are concerns that a potential Federal Reserve rate cut could negatively affect this positive trend. The anticipation around the rate cut decision adds uncertainty to SUI's ongoing rally.
Despite the recent gains, investors remain cautious about how macroeconomic factors could influence the cryptocurrency's future performance.
