The SUI token has experienced a 4.24% increase in the last 24 hours, reaching $4.50. This recovery suggests the possibility of a bull run before the end of the year. The token is currently trading at $4.5370 with a slight pullback of 3.66%, indicating a bearish exhaustion following an overnight recovery. The recovery saw a bullish engulfing candle and achieved a 24-hour high of $4.75. However, a minor intraday pullback has created a triple black crow setup, breaking the 50% Fibonacci level and heading towards the 50 EMA line at $4.42, potentially risking the $4.50 psychological mark and prompting a retest of the local support trendline. The SUI network has seen improvements, surpassing $1.75 billion in total value locked and nearing a $2 billion milestone in TVL. Despite the short-term pullback and market volatility, there is a potential for SUI to reach the $5 psychological milestone, with a bullish channel pattern suggesting an upside of nearly 30%.



Other News from Today