SUI Targets $7 as Market Awaits Breakout Above Key Levels

• Global crypto market cap dipped 0.38% to $3.81 trillion, with Bitcoin and Ethereum steady.
• Nasdaq-listed SUI Group purchased 20M more tokens, boosting its holdings to over 101M SUI worth $344M.
• Ali Martinez sees a move toward $7 for SUI, while Ran suggests a cycle peak between $16 and $20.

The crypto market showed mixed signals in the past 24 hours, with the total market cap edging up to $3.81 trillion, a 0.38% decline. Bitcoin and Ethereum held steady with small increases, while altcoins delivered a mixed performance. 

While the majority of the top 20 altcoins trade in red, SUI has gained more than 2% and is trading at $3.37. The bullish sentiment around SUI grew stronger after Nasdaq-listed SUI Group revealed it had bought another 20 million tokens, pushing its total holdings to over 101 million SUI worth about $344 million. The company said it now holds more than $300 million in SUI, along with around $58 million in cash for future acquisitions.

SUI Price Analysis, Targets and More:

Is $7 Possible?

Crypto analyst Ali Martinez thinks SUI looks like a good buy right now, saying it could be gearing up for a move toward $7.

Analyst …

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