Sui Sells Aptos: Key Figures Indicate a Possible Price Increase

• SUI surpasses Aptos across nearly all major metrics.
• SUI’s price movement indicates a trend toward breaking critical patterns.

Sui Network [SUI] has made considerable strides and has overtaken Aptos [APT] in important areas such as market capitalization, trading volume, and the volume-to-market cap ratio.

While SUI’s price still trails behind Aptos, this may soon change. As a non-EVM layer-1 blockchain, it is gaining traction among crypto enthusiasts despite its relatively recent entry into the market in Q4 2023.

SUI continues to demonstrate resilience even as altcoin markets (excluding Bitcoin, Ethereum, and other leading coins) were experiencing downward trends at press time.

The cryptocurrency has broken out of its second widening wedge pattern in three months. This led to a price surge above $1.10 on high trading volumes.

The first wedge pattern for SUI resulted in an impressive increase of over 145%. In contrast, the second pattern experienced a rise of 57%, consistent with previous highs. These consolidation patterns could indicate potential for a significant price rally in the final quarter of the year—a favorable situation for traders and investors alike.
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p > Source: TradingView Currently, bullish sentiment is prevailing as SUI nears its all-time high of $2.20. If SUI can successfully break past the $1.20 threshold while maintaining upward momentum, it may set new record highs this year,
going potentially as high as $4.

The current price action paired with growing interest within SUI’s ecosystem suggests strong upside potential.
This movement should be closely monitored as momentum builds.
Weekly Crypto RSI Heatmap

This heatmap further enhances optimism surrounding SUI.
The current position indicates that Sui Network sits neutrally between buying and selling pressures.

The RSI is averaging around 41 across the broader market.
This leaves ample space for upside potential; however,
existing momentum remains modest.

Source: Coinglass.. ……..

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