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SUI Bounces Back Strongly, But Can It Break $4?

  • SUI token jumps nearly 7.65% in the last 24 hours, moving from $3.66 to $3.94 amid a broader altcoin recovery.
  • Golden crossover seen as bullish signal for SUI as 50-day moving average rises above 200-day MA, indicating possible long-term strength and growing bullish sentiment.
  • SUI's trading volume surges over 48% in the past 24 hours, reaching $1.65 billion, hinting at increased buyer activity and potential for a larger move.
  • Despite recent rally, SUI is down around 2.86% in the past week but still holds a market cap of approximately $12.98 billion, with the key question being its ability to sustain upward momentum.

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