SUI Price Soars 55% on Potential Trend Reversal

The SUI token has experienced a remarkable price surge of 55%, rising from April lows to currently trade around $2.97. This V-shaped recovery indicates a potential trend reversal. Technical indicators like RSI (at 69.20), positive social sentiment, and a bullish MACD crossover all support this optimistic outlook. The recent rebound suggests SUI may have reached its lowest point after enduring months of bearish pressure. Key factors driving the price surge include strong buying pressure, breaking through resistance points previously limiting market movements, and the formation of a clear V-shaped recovery pattern on charts.