SUI's 73% weekly price gains top crypto market — New price record in reach?
SUI has experienced a remarkable rise, gaining 73% weekly and 23% in the past 24 hours, trading at $3.67. This surge follows the launch of the Grayscale SUI Trust and a partnership with xPortal and xMoney for a virtual Mastercard, which have bolstered investor confidence. The token's total value locked (TVL) has increased by 40%, and daily decentralized exchange (DEX) volumes have surged by 177%, indicating a strong ecosystem. Since April 21, SUI has climbed from $2.11 to an intraday high of $3.71, establishing itself as the biggest gainer among top cryptocurrencies. Technically, SUI has broken out from a falling wedge pattern and reached a target of $3.30 after surpassing a key resistance at $2.20. Analysts now look towards potential new highs, with a target of $11.5 set by one expert. To continue this bullish trend, SUI must navigate resistance between $4.50 and $5.10.
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