Sui Price’s bullish momentum holds strong, with significant data points pointing towards further growth.

On Sunday, Sui (SUI) coin was trading at appr $3.40, a 94% rebound from its April 2023 high, signaling positive momentum.

output: Sunday saw Sui (SUI) coin price still holding strong, with significant data points rolling in that bode well for further growth of the new token, which has quickly become a dominant force in the emerging space.

The apex token was trading up at around $3.40, a 94% rebound from the April 2023 high, highlighting the bullish momentum.

The token has emerged as a fast-growing entity in the crypto space, boasting the largest number of assets (40% in the last quarter) and an impressive Decentralized Exchange (Dex) network with over $2.45 billion in total value locked (TVL).

The stablecoin market cap had also risen to over $897 million, setting its sights on the $1 billion mark, while transaction volume clocked in at a sprawling $2.9b over the last seven days.

To put this in perspective, the transaction volume across all Decentralized Exchanges peers, including Cetus, Momentum, and Bluefin, amounted to $11.2b over the past 30 days.

The strong growth was further attested by the 50-day moving average crossing the 200-day average to form a ‘golden cross,’ a bullish pattern that is often encountered at potential price levels.

This bullish trend must peak somewhere at $5.4, as seen with recent analyst predictions.

enthusiasts could be awaiting confirmation of this move, but the groundwork for a strong breakout is being laid.

“The groundwork is being laid for a strong breakout. Keep an eye on $5.4 and higher after confirmation.