What’s next for SUI after rallying 13% this week to reclaim $3?

Key Points

1. SUI's price increased by 13% in the last seven days, reaching $3.09, making it the best performer among the top 20 cryptocurrencies by market cap this week.

2. Lion Group Holding Ltd. announced plans to acquire SUI tokens as part of a $600 million crypto treasury plan, fueling the rally.

3. The Sui Network has seen significant developer growth (54% over two years) and strong ecosystem metrics, including $1.86 billion in Total Value Locked (TVL) and $337 million in 24-hour DEX volume.

4. Technical indicators like MACD, Bull/Bear Power, and RSI (62) suggest bullish momentum, with potential resistance levels at $3.1687 and $3.55.

5. SUI's daily active addresses and transactions have rebounded after weeks of decline, indicating renewed interest in the Sui ecosystem.