- Summary:
- Sui Crypto exploded 73% a week, destroying the $ 11.7B cap. Will it hit $ 14B? Basic support, resistance to this aarticle
Sui gets a fire. The fast-1 blockchain lift increases more than 73% over the past seven days, blowing past resistance levels and attracting serious attention to the market. With the market cap today above $ 11.7 billion, Sui has become one of the leading crypto assets of the week, and the momentum has not run out.
Now the question is: Can it break $ 12.8B and head to $ 14.23B?
SUI levels to watch: $ 12.8B vision test
SUI's market cap filed $ 11.24B with new support after the breakout last week. Price action is now combined -including under $ 12.8B, a zone that previously triggered heavy sales.
If the bulls remain in control, the SUI can stretch for $ 16.1B in the upcoming sessions. On the downside, the $ 10B level is the line in the sand. If this is a crack, the sellers can steal quickly.
What is the massive 73% Sui Crypto driving rally?
The merchants rotate strongly in the newer chains. Sui was riding that wave, and the flowers were speaking for themselves.
Above it, the project ecosystem is rapidly expanding, with more DAPPS, a growing defi, and the upbringing of the total amount locked (TVL). It examines institutional and retail boxes looking for.
With Ethereum fees and Solana showing the lame signs, the capital flows into the faster, cheaper chain and Sui examines all the boxes.
Can Sui hold this rally?
Bitcoin stuck to a tight range. ETH is also not done. That provides mid-caps like the Sui Room to run, and traders noticed.
As long as the $ 11.24B holds, the bulls remain controlled. A breakout above $ 12.8B can set a fresh leg higher than $ 14.23B and possibly $ 16.1b. But if the move loses its steam and sinks below $ 10B, the momentum is likely to return back to the bear.
It's a breakout, and breakout conditions are in favor of speed. Sui is no longer moving.
