Main takeout:
SUI has surpassed the highest cap cryptocurrency by 23% and 73% per share in the last 24 hours.
GrayScale sui trust and xportal/xmoney mas
The TVL of the SUI has increased by 40%, and the daily Dex volume increases 177%, indicating strong ecosystem trust and utility.
The price of SUI (SUI) has risen 23% a day to trade to $ 3.67 on April 25, and has been part of the dominant recoil that began on April 21 and has increased by 73% over the last seven days.
According to the data from COINTELELEGRAPH Markets Pro and TradingView, SUI rose from $ 2.11 on April 21 and rose to $ 3.71, up 77%on April 25.
In the last seven days, SUI’s achievements have earned the largest profit among the top 100 cryptocurrencies with market cap.
SUI prices are buoys by positive basis.
The benefits of the SUI are mainly fueled by issuing virtual master cards throughout Europe through the launch of the Grayscale Sui Trust and the strategic partnership with XMONEY and XMONEY.
In the post on April 24, X.
“GrayScale has begun trust, social chat is exploding, and (SUI) is now sitting on Avax and there is a link from a market cap.
“This is not just retail over advertising. Wall Street is entering the Sui Zone. Momentum feels different this time. It’s real. And it is accelerated.”
On April 23, GrayScale launched the GrayScale Sui Trust so that investors could be exposed to SUI. The trust is now open to all qualified official investors.
Added to Tailwinds is the latest partnership with the XPORTAL and XMONE of the SUI, so that 2.5 million European users can consume tokens in more than 20,000 merchants through Apple Pay and Google Pay.
Defect ecosystem in growing SUI
SUI is one of the top 10 layers -1 block chains with total value lock (TVL) over $ 16 billion in the network. The chart below shows that SUI’s TVL has increased by about 40% over the last seven days.
Compared to other top tier networks, the SUI is ahead of rivals in terms of TVL gain in the daily, weekly and monthly time frames, as shown in the chart below.
The SUI’s daily Dex has increased by more than 177% over last week, up to $ 590 million. This is significantly higher than 68% and 67% of BNB chain and solana, respectively.
relevant: Price prediction 4/23: BTC, ETH, XRP, BNB, SOL, Doge, ADA, Link, Avax, Sui
Ether Leeum remains a controversial leader, but has decreased by more than 14% over the last seven days.
Is the best of SUI’s new history?
From a technical point of view, the SUI Price gained momentum after leaving the fallen wedge pattern as shown in the daily chart below.
SUI has reached $ 3.30 for Wedge technical goals after violating multiple resistance lines near $ 2.20.
The bull is now focusing on the all -time high of $ 5.35 on January 6.
The relative robbery index (RSI) has increased from 45 to 78 since April 20, strengthening the intensity of optimistic momentum.
However, to maintain continuous recovery, the SUI Price must first overcome the resistance between $ 4.50 and $ 5.10 before entering the price.
Based on the Elliott Wave analysis of the weekly chart, a pseudonym analyst Bitcoinsensus set SUI’s “large” price target $ 11.50.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.