SUI's 73% weekly price gains top crypto market — New price record in reach?
Sui (SUI) price increased by 23% to $3.67 on April 25, part of a rebound that began on April 21, resulting in a 73% rise over the week. SUI reached an intraday high of $3.71 after rising from $2.11. It became the biggest gainer among the top 100 cryptocurrencies by market cap. The price surge is attributed to increased investor confidence following the launch of the Grayscale SUI Trust and a partnership with xPortal and xMoney to issue a virtual Mastercard for European users. Sui's total value locked (TVL) surpassed $1.65 billion, increasing by 40% in a week, with daily DEX volumes rising by 177% to $599 million. SUI broke out of a falling wedge pattern, targeting all-time highs of $5.35. Analysts suggest overcoming resistance between $4.50 and $5.10 is crucial for further gains, with one analyst predicting a potential price target of $11.5.
