SUI token surged 7.33% to reach $2.08, breaking a key resistance level despite a generally stagnant or declining broader crypto market. This performance saw SUI outperform the CoinDesk 5 benchmark index by nearly 7%, highlighting strong demand for the token.
While SUI's price increased, its trading volume remained below the 7-day average, with a temporary spike to 44 million tokens traded, indicating possible coordinated accumulation. Analysts credit the token's architecture and growing ecosystem for its recent gains, with some forecasting a potential price of $5 by 2025. Meanwhile, the CoinDesk 5 index slightly decreased to $1,729.63.
SUI Token Climbs 7.33% to $2.08, Defying Market Trends
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