SUI tokens surged over 10% in 24 hours, mainly driven by the latest buy signal on the TD Sequential bi-weekly chart—this signal previously indicated gains of 388% and 617%. The token rebounded from support around $1.32, with the Relative Strength Index (RSI) reaching 78, indicating overbought conditions. On-chain metrics show strong performance, with the network successfully unlocking $60 million worth of tokens, daily trading volume exceeding 13 million transactions, and total value locked (TVL) surpassing $1 billion. Speculation about the potential issuance of a SUI spot ETF further boosted market sentiment, but market conditions and macro factors still pose ongoing risks.
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SUI tokens surged over 10% in 24 hours, mainly driven by the latest buy signal on the TD Sequential bi-weekly chart—this signal previously indicated gains of 388% and 617%. The token rebounded from support around $1.32, with the Relative Strength Index (RSI) reaching 78, indicating overbought conditions. On-chain metrics show strong performance, with the network successfully unlocking $60 million worth of tokens, daily trading volume exceeding 13 million transactions, and total value locked (TVL) surpassing $1 billion. Speculation about the potential issuance of a SUI spot ETF further boosted market sentiment, but market conditions and macro factors still pose ongoing risks.