The cryptocurrency Sui (SUI) is expected to experience a bullish breakout, with traders predicting the price to surpass $2. The long/short ratio and trading volume for SUI derivatives suggest that traders are confident in its upward movement. Open interest has also increased, indicating growing interest in the cryptocurrency. Short traders have been liquidated, further supporting a potential breakout. SUI has already rallied over 100% in the past month, and its fundamentals, including increased decentralized finance activity and Total Value Locked, suggest that the upward trend could continue. Experts predict a potential rally to $2.50, marking a new all-time high for SUI. The weekly close of the coin will likely determine its next move, with a break above $1.91 paving the way for price discovery. As of now, SUI is trading at around $2, up 11% in the last 24 hours.



Other News from Today