SUI Token Growth and Future Cryptocurrency Market Prospects
Date: 2025-10-08 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Analyst Michael van de Poppe notes that the SUI chart is showing signs of a strong upward trend, indicating growing investor interest and the project's strengthening position in the ecosystem. He believes the token is poised for a significant breakout and could potentially reach new all-time highs.
In recent weeks, attention to SUI has increased significantly following SUIFest, an event for developers and the community, which drew further attention to the project. Network activity has increased, and the total value locked (TVL) has reached $2.46 billion, setting a new record.
SUI is currently trading at $3.59 with a market cap of $13.22 billion, remaining approximately 31% below its all-time high of $5.35 reached on January 6, 2025. Despite this, the coin is showing strong growth compared to other altcoins. It has rebounded from recent lows after finding support at the 23.6% Fibonacci retracement level. Key support levels for investors are $3.50 and $3.42, while resistance is located at $3.72 and $3.80, with a target near $3.88, which corresponds to the upper boundary of the current trend channel.
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