Solana

Bitcoin

Daily

<ul class="wp-block-list">
 <li>The altcoin SUI has shown significant price increases over the last 30 days.&nbsp;</li>
 <li>Sui blockchain hit a milestone of $1 billion TVL in the last 24 hours as per reports.</li>
</ul>
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.&nbsp;
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.&nbsp;
Specifically, at the time of writing, SUI was trading at $1.74 as per CMC <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Additionally, the altcoin’s daily trading volume surged by a significant 103%. Moreover, Sui witnessed a brief price dip to the $1.6 level in the early hours of September 29 after which it altered its pace on the bull run.&nbsp;
Secondly, on examining the token’s weekly price actions, SUI in light of its upward movements has factored in a 10.20% hike. Furthermore, the recent bull runs have propelled the token’s year-to-date increase to 125.28%. On the other hand, Sui has shown <a href="https://www.tradingview.com/x/at3T8NWA/" target="_blank" rel="noopener noreferrer nofollow">increased volatility</a> in its price movements as indicated by the RVI standing at 60.74 as per TradingView <a href="https://www.tradingview.com/symbols/SUIUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
<h3 class="wp-block-heading" id="h-sui-price-monthly-overview">SUI Price Monthly Overview</h3>
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.&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdvsxEd40H_xpSk211vXrpD9BcpJuU3VUtopGEvUppZa1-brP1-Q24Y8Cb0N8tDqRVFdyrAe_Sy2FoeH-P-AetOtbUqOFtE7bqVaH56NtoG1UALh0CvoIIjAE4VMnmdmrneP-bmSwgf7wVHlfvkV3zoOS_a?key=Sv1pOm4mmn9Qf4KKbumJOg" alt="">
 <figcaption class="wp-element-caption">SUI/USDT Daily Price Chart (Source: <a href="https://www.tradingview.com/symbols/SUIUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
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.&nbsp;
Additionally, the Sui <a href="https://thenewscrypto.com/sui-blockchain-enables-offline-crypto-transactions/" target="_blank" rel="noopener noreferrer nofollow">Blockchain</a> reported hitting a TVL of $1 billion in the last 24 hours.&nbsp;Meanwhile, other cryptocurrencies such as Ethereum and <a href="https://thenewscrypto.com/solana-price-faces-brief-correction-post-recent-rally-to-161-level/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> are struggling to factor in major price increases in the last 24 hours.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/cryptoquant-ceo-advocates-for-smart-regulation-to-ensure-web3-growth/" target="_blank" rel="noopener noreferrer nofollow">CryptoQuant CEO Advocates for Smart Regulation to Ensure Web3 Growth</a>

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

Table of Contents

TheNewsCrypto

Other articles published on Sep 30, 2024

Buterin Proposes Metrics for a Unified Ethereum Ecosystem

Taiwan FSC Opens Market to Foreign Crypto ETFs for Professional Investors

Will Uptober Turn the Tide for Bitcoin (BTC) Momentum?

Valour debuts physically-backed Ethereum staking ETP on LSE

Coinpedia Fintech News

Is Another 50 Basis Point Cut Coming From The FED? Bostic Made a Statement

Join our free newsletter for daily crypto updates!