
From a technical analysis standpoint, SUI price has been preparing for a bullish continuation in the past three weeks. Furthermore, the large-cap altcoin, with a fully diluted valuation of about $36.8 billion and a 24-hour average trading volume of around $1.3 billion, has established a macro-rising trend since late 2023.
In the daily timeframe, SUI price has been consolidating in a falling symmetrical channel, potentially a bullish continuation pattern. Following today’s bullish rebound, from the lower border of the falling symmetrical channel, Sui price is well positioned to rally towards a new all-time high in the near term.