The post SUI Gains 20% In A Day—Will Ecosystem Coins Continue The Surge appeared on BitcoinEthereumNews.com.

Sui Network (SUI) broke out its weekly wedge pattern, sparking an overall rally in the ecosystem, including its DEX volume. Weekly SUI Coin Price Analysis On the weekly chart, SUI showed a bullish reversal when it broke through its falling wedge pattern. The breakout exceeded the $2.00 support, the fundamental point for the wedge structure and the double-bottom pattern’s neckline. The bullish candle finished at $3.45 delivering strong gains. This indicated vigorous purchasing pressure and sustained momentum during the $2.00 price assessment. The support level matched historical resistors from the mid-year period, thus establishing itself as an important structural turning point. The falling wedge pattern indicated an upcoming price movement, which could bring prices towards $3.70 if momentum stayed strong. SUI weekly chart | Source: TradingView If support at $2.50 failed to hold, it could result in another price test at $2.00. A violation of the $2.00 level could cancel the bullish pattern while pointing towards the $1.70 area. A wedge shape composed of rounded lower points strengthened the bullish outlook for the price action. The neck resistance point at $2.50 turned into a support barrier, thus strengthening the rising forecast. The price of SUI could advance to $4.00 and potentially $5.00 if it maintains above $2.86. The trend change needed confirmation through volume patterns and the elimination of false breakout signals. SUI Crypto and its Ecosystem in Gains Additionally, the SUI crypto ecosystem attracted investor attention through its position as leader among the top four 24-hour gainers by SUI cryptocurrency market values. The digital altcoins like DEEP pushed up 65.29% to $0.1923, and it maintained a market cap of $588.11 Million. XCN achieved 32.42% growth, taking its price to $0.02363 while maintaining a market capitalization at $784.83 Million. SUI achieved a 20.87% gain and reached $2.944 while maintaining the…

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Filed under: News - @ April 28, 2025 1:31 am