The main dishes to remember:
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SU has increased by 23% in the last 24 hours and 73% weekly, outperforming high-level cryptocurrencies.
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The launch of the Grayscale Su Trust and the Partnership Xportal / XMoney Mastercard has strengthened the confidence of investors.
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The TVL of Sui is up 40% and daily DEX volumes increased by 177%, signaling strong confidence and ecosystem utility.
SUP (SUI) price increased by 23% in one day to negotiate $ 3.67 on April 25. This is part of a dominant rebound that started on April 21 and has seen more than 73% over the past seven days.
Cointelegraph Markets Pro and TradingView data show that SUP has gone from a minimum of $ 2.11 on April 21, up to 77% at an intraday summit of $ 3.71 on April 25.
The performances of Sui in the last seven days have made it the largest winner among the 100 best cryptocurrencies by market capitalization.
Suited by positive fundamentals
SUP gains are mainly fueled by the increase in investors’ confidence following the launch of Grays Su Trust and the SUP strategic partnership with Xportal and XMoney to issue a virtual mastercard across Europe.
“SU is officially out of the stealth mode,” said pseudonym analyst Kyledoops in an article on April 24 on X.
“Grayscale has just launched a trust, social chatter explodes, and it is (sui) now above Avx and the link in market capitalization,” said Kyledoops, adding:
“It is not only the media threshing of retail – Wall Street is entering the SU. Momentum is different this time. It’s real. And it’s accelerating.”
On April 23, Graycale launched the Grayscale Su Trust, which allowed investors to expose themselves to Suis. The trust is now open to all eligible accredited investors.
Adding to Wonewinds is the latest SUP partnership with Xportal and XMone, which introduced a virtual mastercard, allowing 2.5 million European users to spend the token with more than 20,000 merchants via Apple Pay and Google Pay.
The Suit Croissant challenge ecosystem
SU remains among the first 10 channels of layer 1 blocks, with more than $ 1.65 billion of total locked value (TVL) on the network. The graph below shows that the TVL du SU has increased by around 40% in the last seven days.
Compared to other high-level networks, SU is well in advance on its rivals in terms of TVL gains on daily, weekly and monthly deadlines, as shown in the graph below.
The daily volumes of SU has increased by more than 177% compared to last week, to $ 599 million. This is significantly higher than the increases of 68% and 67% on the BNB channel and the Solana, respectively.
In relation: Price predictions 4/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, SUP
Although Ethereum remains the undisputed leader at $ 10.6 billion, this has decreased by more than 14% in the last seven days.
Do the new heights of all time happen for Suis?
From a technical point of view, Suis Price gained momentum after having burst from a downward corner model, as shown in the daily graphic below.
After breaking a resistance trend line on several occasions nearly $ 2.20, AU reached the local technical target at $ 3.30.
The bulls are now focusing on summits of $ 5.35 of all time, reached on January 6.
The relative resistance index (RSI) has gone from 45 to 78 since April 20, strengthening the strength of the bullish momentum.
However, to maintain the recovery in progress, Suis Price must first overcome the resistance between $ 4.50 and $ 5.10, before entering prices.
Based on the analysis of the Elliott waves of the weekly graphic, the pseudonym analyst Bitcoinsensus set a “massive” course of $ 11.50 for SU.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
