CandleFocus SUI Price Reaches A New All-Time High as TVL Jumps
2024-11-12
Author: Content Editor
The SUI cryptocurrency has reached a new all-time high, surging more than 69% in the last seven days. This increase in price is supported by strong technical indicators, such as bullish EMA lines and a recovering BBTrend. Additionally, the Total Value Locked (TVL) for SUI has reached a record high of $1.36 billion, indicating solid investor interest and usage growth. The BBTrend has remained positive for three consecutive days, suggesting strong buying interest is driving the upward movement in SUI's price. However, if the current uptrend weakens, there is a possibility of a significant reversal, with potential support at $2.21 and a deeper correction to $1.96.
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