- Sui (SUI) rallies 9.58% to $1.69 despite a trading volume dip.
- Jupiter (JUP) trades at $1.38 after a 175% monthly rally; the next target may be $2.
- Sui’s developer activity increases by 86%, and Jupiter’s TVL hits $306M.
Sui (SUI) and Jupiter (JUP) are both eyeing the $2 price milestone, a goal that hinges on various market and internal project factors.
Market Dynamics and Investor Sentiment
For Sui (SUI), current trading patterns indicate a period of consolidation, with the price hovering around the 50-day Exponential Moving Average (EMA) mark. This range-bound movement reflects a phase of neutrality among investors, with technical indicators hinting at a possible retracement.
The market cap of SUI stands at $2,077,688,701, with a noticeable intraday gain suggesting a mixed sentiment in the market. A critical factor for SUI’s potential surge to the $2 mark would involve a shift in investor sentiment from neutral to distinctly positive, alongside an increase in trading volume, which has seen a 29% decline in the last 24 hours to $670,471,457. However, at press time, SUI was exchanging hands at $1.69, a 9.58% surge from the intra-day low despite fail…
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