SUI Targets $5 as Bullish Momentum Builds; Ozak AI Gains Traction
Sui, the high-performance Layer-1 blockchain, has surged 37% this week to $4.01, recovering from May's 30% decline. Technical indicators are bullish: the Chaikin Money FLOW shows heavy accumulation, while the SuperTrend indicator confirms an uptrend. A breakout above $4.50 appears likely, with $5 within reach if the momentum continues.
Institutional interest is growing, highlighted by Nasdaq's filing for a 21Shares Spot sui ETF, validating the network's $1.9 billion TVL and 31 million active wallets. Meanwhile, Ozak AI is attracting attention among traders looking for high returns, though details about the project remain limited.