Sui (SUI) price has recently experienced a significant rise, attracting attention amid a struggling cryptocurrency market. Despite facing a downturn over the past week due to market corrections, the overall sentiment remains optimistic.

Sui price is currently retesting the recent breakout from its previous all-time high and is technically aiming for $2.8 in the near term.

As Bitcoin price stabilizes above the $67,000 level, the altcoin market has regained momentum with many blue-chip and mid-cap projects recording double-digit gains in their respective portfolios.

As 2024 draws to a close, the cryptocurrency market is abuzz with anticipation, especially for altcoins that demonstrate potential for substantial profits. Apecoin (APE), SUI, and Rexas Finance (RXS) are particularly notable among these options.

SUI, the native token of the Layer-1 Move-programmed blockchain, reached an all-time high of $2.36 on October 12. However, significant selling pressure has prevented it from moving higher since then.

The downward spiral has reversed the positive sentiment fueled by its week-long rally.

Sui is experiencing deceleration after going through an explosive growth phase in its deceleration.

SUI, the native token of the Sui Network, has seen a 13% pullback in the past seven days, halting its bullish rally. The cryptocurrency broke from a 1-month structure, fueling a bearish sentiment among market watchers, who foresee further downside for the token.

SUI price has grown by 27.82% in the last 30 days, driven by notable changes in its Total Value Locked (TVL). After a strong surge in both TVL and price, SUI appears to be entering a consolidation phase.

If the current technical setup is any indication to follow, Sui (SUI) could see its price drop below $2. On October 14, the token of the Layer-1 Move-programmed blockchain reached a new all-time high of $2.36.

The newly launched hub will aid the development of both startups and established organizations.

The Sui blockchain has launched a developer hub in Dubai in collaboration with the Ghaf Group.

The Sui blockchain has launched a hub in Dubai which will act as an incubator for blockchain developers and entrepreneurs, one of its founding developers told CoinDesk in an interview.

The broader cryptocurrency market has displayed a strong show over the weekend with the Bitcoin (BTC) price rallying close to $70,000 and altcoins taking the charge in a fresh surge. With 3.72% gains in the last 24 hours, Ethereum (ETH) leads the alt space shooting all the way to $2,750 levels.

The crypto market showcased a slight uptick during Sunday's trading as Bitcoin headed close to a $70,000 breakout. As the ‘Uptober' sentiment returns, the emerging cryptocurrency SUI displays potential for a higher rally amid increasing TVL and a bullish pattern formation.

SUI reached an ATH a week ago, indicating a potential top. The next bottom will establish the entry point needed to beat its rivals.

Bitcoin, the pioneer cryptocurrency, has been trading sideways for the past seven months, struggling to maintain a directional uptrend. While the ‘Uptober' has boosted the BTC price for the next breakout attempt from $70,000, these three cryptocurrencies are gathering even more momentum with technical breakouts, increasing whale activity.

In the times when the crypto markets were facing massive sell-offs in the first few days of the month, the SUI price displayed strength and consolidated within a narrow range. This indicated the market participants were bullish on the crypto and as a result, the token formed a new ATH.

As speculation builds around Donald Trump's potential creation of the Department of Government Efficiency (D.O.G.E.), investors are on the hunt for the next big Dogecoin rival to buy.

Despite increased bullish sentiment in the crypto space, the Sui token has dropped 12.49% from its ATH within 5 days. Notably, this altcoin slingshot ~405% from its August low to achieve a new all-time high (ATH) of $2.36 on 14th October.

This week, we examine Ethereum, Ripple, Solana, Dogecoin, and SUI in greater detail. Ethereum (ETH) Ethereum closed a great week with a 9% price increase after buyers dominated on Monday.

A widely followed analyst and trader is offering his forecast on three crypto assets. The analyst pseudonymously known as Bluntz tells his 283,900 followers on the social media platform X that Dogecoin (DOGE) is “so close to major breakout” after a brief correction on the two-hour time frame.

SUI, a rising star in the cryptocurrency world, recently reached an all-time high price of $2.30, ranking itself among the top 15 cryptocurrencies. Surpassing well-known altcoins like Polkadot (DOT), the token has garnered attention from investors and enthusiasts alike.

After a stunning rally in recent weeks that has seen it more than 4x from recent sub-$0.50 lows and burst above $2.0, the Sui (SUI) price has started to lose momentum.

SUI could soar 20% and reach the $2.50 level if it stays above the $1.80 level.

Mysten Labs has launched the public testnet for Walrus Protocol, a decentralized storage network designed to store large data files such as videos, audio, and images.

As the Bitcoin price stabilizes above the $66,000 mark, the altcoins are making a comeback. The market, excluding Bitcoin and Ethereum, has reclaimed the $600 billion mark and has increased by 7.19% from its 7-day low at $574.81 billion.

Sui price recently received a bit of a shake-up after allegations of insider trading flooded the crypto space. SUI retraced from its new all-time high of $2.36 as investors rushed to dump their bags because of the FUD.

The Sui Foundation has denied allegations that its employees or insiders from Mysten Labs sold $400 million worth of SUI tokens. The foundation also rejected claims that insiders were involved in preemptive selling or violating token lockup agreements.

Three days ago, SUI reached a new all-time high of $2.36, but Fear, Uncertainty, and Doubt (FUD) surrounding a recent development overshadowed the achievement.

SUI, a rising star in the crypto market, recently hit a new all-time high of $2.35, driven by a strong rally that saw its price surge over 100% in the past month. However, despite its bullish momentum, analysts are issuing warnings of a potential price correction.

SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies.

In a week that has seen significant movements across the cryptocurrency landscape, one token on the SUI blockchain is making headlines for its meteoric rise—Suirum ($SUIR).

Sui Foundation updates its Request for Proposals program, offering new opportunities for developers through rolling cohorts and flash RfPs to address ecosystem needs.

SUI, the native coin of Layer-1 (L1) blockchain Sui Network, rallied to an all-time high of $2.36 on October 14. However, as profit-taking activity gains momentum, SUI has initiated a downward trend.

TL;DR BitGo expands its support for the Sui ecosystem with custodial services for Sui Naming Service (NS) and DeepBook (DEEP). Sui Naming Service facilitates the creation of more user-friendly onchain identities and DeepBook is a decentralized trading platform. The current price of Sui (SUI) is $2.06, with a change of 4.

Sui, a layer-1 blockchain platform, is under scrutiny after allegations surfaced that insiders may have profited from a recent increase in the value of its native token, SUI

The cryptocurrency market has recorded a strong bullish recovery over the past few days. This has resulted in the top altcoins breaking out of their major resistance level and heading toward a new ATH. Notably, the 19th largest cryptocurrency, Sui price has recorded a new ATH twice this year.

CYBRO's presale is skyrocketing, and at just $0.035, you're getting in at a massive discount before the token hits the market at $0.06.

The team behind the Solana (SOL) challenger Sui is pushing back against rumors that project insiders have sold off $400 million worth of SUI tokens. On Sunday, the pseudonymous crypto analyst known as Light claimed the layer-1 altcoin's insiders were selling off the token, pointing to a graph charting major SUI ICO wallet distribution.

BitGo extended support for Sui ecosystem, adding custody for NS and DeepBook, and enhancing decentralized identity & trading services.

The cryptocurrency market is experiencing renewed bullish momentum, with Bitcoin recently surpassing the $65,000 mark. Despite minor corrections, many crypto coins are witnessing a surge in demand.

During Tuesday's U.S. market session, the Aptos price analysis shows a 5% jump to hit a 6% month high of $10.7. The uptick offers APT buyers the next stepping stone for a potential extended rally, fueled by a golden crossover between the 50- and 200-day exponential moving averages.

The Sui Foundation insists that no employees of the organization or its core contributors are involved in any SUI sales except as permitted by the supply schedule.

The network dismissed the claims as unfounded, but skepticism within the community persists.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Sui Foundation has firmly denied recent speculation alleging insider trading following a $400 million sale of SUI tokens during the latest price surge. The foundation emphasized that there has been no premature selling or breach of lock-up agreements in an Oct. 14 post on X.