Sui, the native token of the layer-1 blockchain platform, has hit a new all-time high (ATH) of $4, marking a 100% surge in just 30 days. This rapid growth is driven by developments in its DeFi ecosystem, where the total value locked (TVL) has skyrocketed to $1.61 billion.
📊 SUI’s Impressive Growth
Sui has positioned itself as a leading platform for decentralized applications (dApps). Following Bitcoin’s rally to $103K, Sui also surged, hitting a milestone of $4.04. Over the past few months, it has delivered an incredible 760% ROI, attracting both retail and institutional investors.
💰 DeFi Ecosystem Boom
The platform’s TVL grew from $665 million to $1.61 billion in just nine days, reflecting strong confidence in its ecosystem. Users are increasingly locking assets for staking, lending, and liquidity provision, driving Sui’s market strength.
📉 Technical Analysis and Price Targets
While Bollinger Bands suggest caution due to potential short-term volatility, the EMA lines point to sustained bullish momentum. Key targets for Sui include $4.54, with psychological resistance at $5. Analysts predict further upside, with some forecasting a rise to $7 in the coming months and more ambitious targets of $17 by year’s end.
🔥 Takeaway
Despite minor selling pressure, Sui’s bullish trend remains robust. With strong ecosystem growth and market momentum, Sui could continue climbing higher.
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