bullish

Value

Suiba Inu

<p>SUI, one of the best-performing altcoins in the top 100 cryptocurrencies, has seen a remarkable price surge of 110% in the last 30 days. This impressive price rise, driven by high demand and speculative trading, has pushed SUI’s price to new highs. But now, a crypto analyst is warning that this strong rise may be slowing down, hinting at a possible sell signal for SUI.</p>  
<h2 class="wp-block-heading" id="h-sui-s-price-rally-and-network-growth">SUI's Price Rally and Network Growth</h2>  
<p><a href="https://coinpedia.org/price-analysis/why-sui-price-is-rising-is-it-preparing-for-a-200x-rally-to-reach-10/" rel="noopener noreferrer nofollow">SUI’s recent rally</a> has been one of the strongest in the crypto market. Its price surged from $0.742 on September 2 to hit a six-month high of $2 on October 4, coming close to its all-time high of $2.18 set in March.&nbsp;</p>  
<p>A key driver behind this rally has been the growing interest in memecoins on <a href="https://coinpedia.org/news/sui-to-unlock-64-million-tokens-can-it-witness-a-continued-rally/" rel="noopener noreferrer nofollow">SUI’s layer-1 blockchain</a>. Coins like Aaa Cat (AAA) and Suiba Inu (SUIB) have posted massive gains, with AAA up by 430% in just a week. This surge has brought more attention to the SUI network, increasing both its popularity and usage.</p>  
<p>SUI’s overall network activity has been growing fast, with over 2 billion transactions now recorded. A report from <a href="https://defillama.com/chain/Sui" rel="noopener noreferrer nofollow">DefiLlama reveals a 40%</a> increase in Total Value Locked (TVL), rising from $663.87 million to an all-time high of $1.03 billion within the past month.</p>  
<p>This growing confidence in the SUI platform signals rising user engagement and rising confidence in the SUI ecosystem.</p>  
<h2 class="wp-block-heading" id="h-analyst-warns-of-a-possible-drop">Analyst Warns of a Possible Drop</h2>  
<p>Despite SUI’s strong performance, crypto analyst Martinez Ali has recently issued a sell signal, citing concerns over the exhaustion of its bullish trend.&nbsp;</p>  
<p>Using the TD Sequential indicator on the 3-day chart, Ali noted that SUI’s 145% rally since September might be nearing its end, and a potential pullback could be on the horizon.</p>  
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<p>Supporting this cautionary view is the Relative Strength Index (RSI) on the 4-hour chart, which shows a bearish signal. While SUI’s price has been rising, the RSI is falling and nearing the neutral level of 50, which could signal weakening momentum.</p>  
<p>However, If SUI’s price drops below $1.70, it could slide further to $1.50, a 20% drop from its current level. As of now, Sui is trading around <a href="https://markets.coinpedia.org/sui/" rel="noopener noreferrer nofollow">$1.72, showing a 2.3%</a> drop with a market cap of $4.7 billion as per the Coinpedia report.</p>

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