CandleFocus Here’s why the Sui Price may pump 65% soon
2025-02-10
Author: Content Editor
The Sui token has entered a technical bear market, falling nearly 40% from its all-time high of $5.36. However, there are reasons to believe that Sui could rebound by 65% and retest its previous high. Sui has a growing presence in the decentralized exchange industry, becoming the sixth-largest blockchain and handling over $2.28 billion in transactions in the past seven days. It has also become the ninth-biggest chain in terms of total decentralized finance assets. Additionally, Sui is working to establish itself in the gaming sector with the upcoming launch of Sui Play, a gaming console. Technical analysis suggests that Sui could rebound and potentially reach its previous high, but a drop below the support level at $2.35 would invalidate this outlook.
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