Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

In A World Filled With Chaos, There Is Power Within Our Reach To Make A Difference

October 15, 2025

Bond investors move to rein in credit risk

October 15, 2025

9132 Las Manaitas Ave #202, Las Vegas, NV 89144

October 15, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, October 16
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»SUI Tops Crypto Market with 20% Gains, Will This Rally Continue?
Crypto

SUI Tops Crypto Market with 20% Gains, Will This Rally Continue?

January 4, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

On January 4, 2024, SUI, the layer-1 blockchain, has captured the attention of cryptocurrency investors and traders due to its impressive upward momentum. While other assets like Bitcoin (BTC), Ethereum (ETH), and XRP struggled to gain traction over the past 24 hours, SUI stood out with a remarkable 20% increase in value.

SUI Leads the Crypto Market

With this significant price surge, SUI is currently trading near $5.27 and has seen a surge in trading volume as traders and investors actively participate in the market. According to data from CoinMarketCap, the altcoin’s trading volume has spiked by 150%, indicating strong interest from market participants.

Long-Term Holders Take Profit

Amidst the price surge, long-term holders, investors, and retail traders have been observed selling off SUI tokens, potentially booking profits, as reported by on-chain analytics firm Coinglass. Data shows that exchanges have received an inflow of $15.60 million worth of SUI tokens, indicating a possible sell-off.

Although there is selling pressure from long-term holders, SUI’s price remains resilient above $5.

Factors Behind the SUI Rally

The recent surge in SUI’s price could be attributed to the controlled release of 82 million SUI tokens (0.82%), a collaboration with ANT Digital Technologies for global adoption, recognition from Cardano founder Charles Hoskinson, and a breakout above a key resistance level.

SUI Technical Analysis and Important Levels

Technical analysis indicates that SUI has successfully broken through a crucial resistance level at $4.90, which had proven challenging in the past. Additionally, the altcoin has closed a daily candle above $5, signaling strong interest from traders and long-term holders.

Source: Trading View

Considering the recent price action, a correction may be on the horizon as the price appears overextended. However, there is potential for SUI to rise by 10% and reach $5.75 in the near future.

Is the SUI Rally Sustainable?

Given the current market sentiment, increasing investor interest, recent partnerships, recognition from industry leaders, and the recent breakout, it is possible that the rally in SUI could persist, leading to further price appreciation.

continue Crypto Gains Market rally SUI Tops
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why is crypto down today? STH panic, Bitcoin price dip, & more…

October 15, 2025

CDARI Partners with WebKey to Unlock Cross-Chain Freedom in Web3

October 15, 2025

Eric Adams Pushes NYC Toward Crypto Capital Status With New Blockchain Office

October 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Where do mortgage rates go from here?

August 23, 20250 Views

Dow, S&P 500 build on records as a retail sales surprise fuels rate cut hopes

July 16, 20240 Views

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

In A World Filled With Chaos, There Is Power Within Our Reach To Make A Difference

October 15, 20250
Economic News

Bond investors move to rein in credit risk

October 15, 20250
Real Estate

9132 Las Manaitas Ave #202, Las Vegas, NV 89144

October 15, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.