SUI’s Bullish Rally: Can It Sustain Momentum?

SUI has experienced a significant surge, increasing by 9% and holding steady around $3.93. This upward momentum is reflected in a substantial 77% increase in its 24-hour trading volume, reaching nearly $3 billion. The overall crypto market saw a positive 5.43% gain in market capitalization, currently hovering at $3.22 trillion. Market sentiment remains cautious with the Fear and Greed Index remaining at 70. SUI’s 24-hour performance has been particularly impressive, showing a 9.21% surge within the last day. 8.72% of SUI’s total trading volume is from long positions according to TradingView.