In just one day, the trading volume of SUI token grew by 78%, reaching $376 million. This is the maximum that the token was able to reach since 07.06.2024.
The MACD indicator data shows an increase in user demand for SUI trading, while the Elder-Ray index shows that the token’s growth depends on the activity of traders.
Analysts believe that if the SUI asset continues to grow, its price could reach $2 in the most optimistic scenario. This would be the maximum since in June this year.
However, analysts added that there is still a chance for SUI to fix the rate at $0.48, but this is highly unlikely. Most likely, SUI will continue its growth rally amid the bullish trend in the market.