Sui’s Bullish Trend Puts Avalanche on Notice: What’s Ahead

• Sui’s price surge signals growing investor confidence and bullish potential.
• Avalanche faces consolidation, with key support at $51.50 and resistance at $54.25.
• Both Sui and AVAX show a short bias in derivatives, despite market interest shifts.

The blockchain has become a hotbed of competition, with networks Sui (SUI) and Avalanche (AVAX) emerging as frontrunners. Their unique strengths and recent price trajectories have piqued the interest of investors wanting to pinpoint the next crypto king. Sui’s price is on the upswing, while Avalanche seems to be in a holding pattern. Let’s look at the data and mark the green signals.

Sui’s Market Performance

Sui (SUI) has seen notable price action in recent days, with a 17.63% surge within 24 hours, bringing its price to $4.28. This increase comes with a significant rise in trading volume, which surged by over 100%, signaling strong market interest. The market cap of Sui now is $12.53 billion, indicating growing investor confidence.

Sui’s recent price movements suggest a steady uptrend, with key resistance around the $4.40 level and support forming near $3.65. A bullish scenario would see …

The post Sui’s Bullish Trend Puts Avalanche on Notice: What’s Ahead appeared first on Coin Edition.