Sui Rallies Nearly 10% in Bullish Breakout
2025-07-10 16:39:25
Main Idea
SUI token surged nearly 10% in 24 hours, reaching $3.24 from $2.94, with strong bullish momentum and notable catalysts like the launch of Threshold Network's tBTC.
Key Points
1. SUI rose nearly 10% in the past 24 hours, climbing from $2.94 to $3.24, with a trading range reflecting 11.5% volatility.
2. The token has surged 340% over the past 12 months, outperforming the broader crypto market.
3. Threshold Network's tBTC launch, an ERC-20 token backed by over $500 million in bitcoin liquidity, contributed to the bullish momentum.
4. Sui ranks among the top five layer-1 networks, with daily volume up about 135% compared to the market’s average of 52%.
5. Critical resistance was observed at $3.27, while support stabilized in the $3.20-$3.21 zone.
Description
Sui ( SUI ), the native token of the Sui network, rose nearly 10% in the past 24 hours after several catalysts over the past week pushed the token in a breakout zone. The token delivered a bullish performance, climbing to $3.24 from $2.94 with a trading range of $0.34 that reflects 11.5% volatility, according to CoinDesk Research's technical analysis model. It built substantial upward momentum featuring notable volume surges at $2.99 and $3.10, demonstrating strong institutional accumulation and...
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