SUI is consolidating around $3.52, with analysts anticipating a breakout above $4.34 that could propel the price toward $8. This follows a 272-day compression phase, with on-chain activity and a total value locked (TVL) exceeding $2.46 billion, indicating increased DeFi adoption. Analysts suggest that a daily close above $4.34 would confirm a bullish trend, with potential targets at $5.50 and $8.00.
SUI Price Poised for Breakout After 272-Day Consolidation
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.