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news-imageOctober 7, 2024

Sui's 85% Surge in Transactions Sets Stage for $2 Breakout

Sui (SUI), a Layer-1 blockchain, has recently experienced substantial growth, particularly in daily transaction volume. In tandem with this spike in activity, SUI's price has climbed by 10% in the last 24 hours.
Publisher: BeInCrypto
Sentiment: Positive
SUI

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Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand

SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve's recent interest rate cut announcement. The explosive rally, driven by significant buying pressure, has led to volatile price action, raising questions about whether this upward momentum can be sustained.

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