Sui (SUI) is holding a strong macro-bullish trend, trading around $1.17–$1.20 with a 61.6% gain over the past month. On-chain metrics support this growth, as the network's Total Value Locked (TVL) expanded by 25% and stablecoin settlement volume rose to $496 Million. Technically, the daily RSI sits at a healthy 64.06, indicating room for upward movement, while key support rests firmly at $1.12–$1.10.
The upcoming week faces two competing drivers: the highly anticipated Sui Basecamp conference (Oct 7–8) in Singapore, which acts as a powerful bullish catalyst, against the minor selling pressure of a recent 23.38M token unlock. Logically, if SUI holds above $1.17, the conference momentum is expected to push the price toward resistance targets at $1.35 and $1.42. Conversely, failing to sustain this pivot will trigger a healthy correction down to the $1.10 floor.
#SUI🔥
The upcoming week faces two competing drivers: the highly anticipated Sui Basecamp conference (Oct 7–8) in Singapore, which acts as a powerful bullish catalyst, against the minor selling pressure of a recent 23.38M token unlock. Logically, if SUI holds above $1.17, the conference momentum is expected to push the price toward resistance targets at $1.35 and $1.42. Conversely, failing to sustain this pivot will trigger a healthy correction down to the $1.10 floor.
#SUI🔥