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💧 The price of SUI rises by 1.3% amid Bitcoin rebound and CME futures contract buzz
On April 10, the SUI price experienced a slight increase on the daily chart after rising about 1.31%, helping its value reach $0.940. The price movement was observed following a wave of optimism in the cryptocurrency market.
With a small increase, it is currently trading at around $0.9403 with a market cap of $3.71 billion, according to CoinMarketCap. Although the daily trading volume has decreased by 6.54% and is now approximately $338 million. The total circulating supply is about 3.95 billion.
The current SUI price is much lower than its all-time high of $5.35 in January 2025. However, the slight increase in the token's price shows growing buying interest in the Layer 1 blockchain asset amid hopes of market recovery.
🔸 SUI follows the recovery trend in the cryptocurrency market
The rise in SUI's price on the chart occurred amid general optimism in the overall digital asset market. Bitcoin (BTC) surged above $72,000 after President Donald Trump announced a two-week ceasefire with Iran.
This announcement sparked tension over the potential disruption of global oil supplies and helped reduce concerns about high inflation. Investors started putting their money into the cryptocurrency market after pulling out during the bear market.
The current SUI price is in the neutral to bullish zone. The 14-day Relative Strength Index (RSI) is recorded at around 47, placing momentum in a neutral to slightly positive area and indicating room for additional gains before any overbought signals occur.
Similarly, moving averages show a clear buy signal with 10 positive readings versus one sell signal, suggesting bullish pressure on shorter timeframes.
According to the current price chart, immediate support is around $0.926, while a key resistance level is approximately $0.961.
#sui | #Suinetwork | $SUI
On April 10, the SUI price experienced a small surge on a daily chart after soaring around 1.31%, helping its value to reach $0.940. The price movement was witnessed following a bullish sentiment in the crypto market.
With a small spike, SUI is currently trading at around $0.9403 with a market capitalization of $3.71 billion, according to CoinMarketCap. Although the daily trading volume dropped by 6.54% and is currently revolving around $338 million. The total circulating supply is around 3.95 billion.
The current price of SUI is way below its all-time high of $5.35 in January 2025. However, the small price surge in the token is showing a growing buying interest in the layer 1 blockchain asset amid hopes of recovery in the market.
🔸 SUI Follows Recovery Trend in Crypto Market
The spike in the SUI price chart was witnessed against a backdrop of bullish sentiment in the overall cryptocurrency market. Bitcoin (BTC) price soared above $72,000 after President Donald Trump announced a two-week ceasefire with Iran.
This announcement has released tension about potential disruptions to global oil supplies and helped reduce fears of higher inflation. Investors have started placing their money into the crypto market after staying away during its bear run.
The SUI price is currently in the neutral to bullish zone. The 14-day relative strength index has been recorded at around 47, which placed momentum in neutral to slightly positive territory and suggested additional room for gains before any overbought signals take place.
Similarly, moving averages are suggesting a clear buy signal with 10 positive readings against only 1 sell signal, which suggests upward pressure on shorter time frames.
According to the current price chart, there is an immediate support at around $0.926, while there is a major resistance level sitting around $0.961.
#sui | #Suinetwork | $SUI