SUI’s Meteoric Rally Targets $5 Breakout: What’s Driving the Surge?
Sui’s token price has skyrocketed 72% in the past week, significantly outperforming the broader crypto market amid speculation of a potential partnership with Pokémon. The rally demonstrates strong bullish momentum, with buyers consistently breaking through resistance levels without major retracements.
Liquidation data shows $22.2 million in SUI positions were liquidated over the last 24 hours, indicating extreme volatility. On-chain activity reveals growing DeFi participation on the Sui network as traders anticipate a decisive breakout above the key psychological $5 threshold.