Sui price is on the verge of a 60% surge as DEX volume rockets

Sui price is on the verge of a 60% surge as DEX volume rockets

Sui price remains in a bear market, crashing nearly 60% from its January peak. Sui (SUI), a fast-growing layer-1 blockchain, was trading at $2.66 on Friday, giving it a market capitalization of over $7.35 billion. However, the coin may be…

Key Insights: SUI price is facing a downside, trading around $2.25. Analysts anticipate a potential rally to $40 based on technical patterns. Declining open interest points to consolidation before a breakout. SUI price has come under pressure recently, with the token falling below key levels amid a broader market pullback. While technical indicators remain bearish in the short term, analysts remain optimistic, citing a bullish chart structure th…