- The price of Sui has taken into account an increase of 481.52% in the past year according to TradingView data.
- The altcoin’s daily trading volume showed a decline of 7.82%.
The cryptocurrency market fell into a downtrend over the past week just hours after triggering a bull run that took Bitcoin back above $100,000. The recent price decline has caused the altcoin sector to show a decline as well. Meanwhile, SEC Chairman Gary Gensler, who is set to resign this month, discussed intensifying cryptocurrency regulations in a recent interview.
Meanwhile, one of the altcoins – SUI, has managed to maintain its bullish momentum despite the negative environments. Bitcoin’s decline to $93,000 in the past few hours has not helped its case, but SUI is still showing modest gains. Over the past 24 hours, SUI has taken into account an additional price increase of 1.37%.
In the afternoon hours of January 8, the altcoin traded at $4.56 before falling further to an intraday low of $4.38. However, it soon triggered bullish candles to trade at current levels. At the time of writing, SUI is trading at $4.63 according to CMC Data.
Zooming out on the weekly chart, Sui shows a price increase of 5.97%, proving its strong upward trend. The weekly price cycle started at a low of $4.38 as shown in altcoin data. The cryptocurrency appears to be a little closer to the $5 mark, indicating its current positive momentum.
How do you offer Sui price all year round?
When extrapolating the price growth over the past year, SUI recorded an impressive performance with an increase of 481.52%. After trading at $1 for most of 2024, the altcoin quickly benefited from Uptober’s rise. Furthermore, SUI was also a top performer during the 2024 alternate season.
Additionally, when referring to its technical indicators, the altcoin indicates further price appreciation according to TradingView Data. The Moving Average Convergence Divergence (MACD) signal stands above the MACD line indicating a positive trend. Secondly, the RSI stands at 52.53 indicating neutral market sentiment.
These aspects suggest that SUI could be approaching another all-time high if it maintains its bull run. Likewise, another altcoin Cardano showed a modest price increase over the past hour.
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