Sui (SUI) Hits a 4-Month High: 3 Reasons Why It Can Pump Even More

The cryptocurrency market has seen another substantial resurgence in the past 24 hours, with SUI among the top performers. The asset has drawn bullish forecasts, with some projecting a short-term rise to $1.40, while others have made more optimistic bets.

The Positive Signs As of this writing, SUI trades around the $1 psychological mark (according to CoinGecko), up 17% in the past day. In fact, this is the highest the price has reached in the past four months, with the token’s market capitalization surging past $4 billion.

The renowned analyst Ali Martinez spotted three bullish factors that could support an additional rally. First, he noted that the Tom DeMark Sequential indicator printed a 13th buy signal in late July.

Since then, SUI has jumped by 45%, showing that the initial reversal signal has already gained traction.