SUI cryptocurrency is poised for a potential 1000% price increase, according to analysts, as it experiences significant growth in trading volume and total value locked (TVL). Crypto Patel, a market analyst, has set long-term price targets for SUI at $5, $10, and $20, citing a high-timeframe accumulation structure and a strong bullish order block between $1.30 and $1.50. SUI's price has surged 40% in the past week, reaching a two-month high of $2.0.
The altcoin's futures open interest has reached $947.26 million, the highest since October, indicating fresh capital inflows. Additionally, Sui's TVL has climbed to approximately $1.04 billion, reflecting increased ecosystem participation. Analyst Kyle Chasse noted a 244% rise in seven-day trading volume, underscoring heightened market activity. Mysten Labs, Sui's core developer, is also exploring privacy enhancements for blockchain networks, further bolstering the platform's appeal.
Analysts Predict 1000% Upside for SUI Amid Rising TVL and Trading Volume
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
