SUI Nears $5.30 ATH as On-Chain Momentum Signals Bullish Breakout
SUI’s strong consolidation NEAR the $4.50 resistance level indicates growing bullish momentum, supported by Phantom Wallet integration and surging DeFi activity. The network’s $2.18B TVL and over $11B in monthly DEX volume highlight accelerating adoption.
Technical indicators show aligned EMAs reinforcing an upward trajectory, though the RSI at 68 suggests potential near-term consolidation before breakout attempts. Traders are closely watching the $5.30 all-time high as the next key psychological target.