SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch

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SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch - NewsBTC

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Meanwhile, Rekt capital noted that the token also looks good "on the fundamental side of things, Grayscale opened a SUI trust today, showing institutional growth.” The analyst highlighted that SUI has rallied 50% since breaking its downtrend, which made the token flip Avalanche (AVAX) and Chainlink (LINK), making it the 11th cryptocurrency by market capitalization.

Price Sitting At Key Level After Today’s surge to the $3.39 mark, the token has retraced toward the $3.25-$3.30 levels, with market watcher Hov noting that SUI sits at a key resistance zone between the $3.30-$3.70 price range.

Related Reading: All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection SUI Reclaims $3 Amid Breakout On Thursday, SUI, one of the leading cryptos of this cycle, saw an 11% daily jump to break above a crucial barrier.