CandleFocus Sui price steady as DEX volume surges: could it hit $5?
2024-11-13
Author: Content Editor
The price of Sui (SUI) token has experienced a strong bull run, reaching a record high of $3.3347, a 608% increase since August. This surge has been driven by the network's strong fundamentals, including its growth as the eighth largest layer-1 network for decentralized exchanges and an increase in transaction volume. Sui's DeFi assets have also risen to $1.27 billion, surpassing other popular chains. Furthermore, anticipation for Sui's gaming ecosystem has also contributed to the token's price increase. Technical analysis suggests that SUI has the potential to jump to $5 in the current bull run, but this view may change if the token falls below the pivot reverse level at $2.34.
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