Sui Price Rallies 111% in Bullish September Inching Closer to ATH

• The altcoin SUI has shown significant price increases over the last 30 days. 
• Sui blockchain hit a milestone of $1 billion TVL in the last 24 hours as per reports.

As another week begins, the crypto community resumes its wait for the full-fledged price rally. Contrary to the weekend’s expectations, Bitcoin has receded to the concurrent $64K causing the community to tighten its hopeful reins on the Uptober landmark. Meanwhile, the altcoin Sui has continued its price rally undeterred by the negative circumstances. 

Sui blockchain’s native token SUI has recorded a significant price increase over the past month. Notably, in the last 24 hours, SUI added an additional 4.29% price increase to its bullish rally. The token is currently trading at the $1.7 level inching closer to the $2 milestone. 

SUI Price Monthly Overview

In September 2024, the Sui, despite market struggles, managed to establish a price rally that accounted for a 111.79% increase in value. At the beginning of the month, SUI traded at a low of $0.7854. Moreover, in August Sui witnessed a bearish market situation as prices dropped further following key market crashes after Bullish May. 

Additionally, SUI’s short-term 50-day MA is moving closer toward a golden crossover to stand above the long-term 200-day MA. If the token manages to refrain from price dips, then the occurrence of a golden cross can be expected. Moreover, SUI’s bull run is further highlighted by its bull power indicator standing at 1.27 while its bear power indicator stands at 0.73. 

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