SUI has experienced a strong bullish comeback in the cryptocurrency market, gaining traction and approaching a critical resistance level at $4.98.
Technical indicators, such as the rise above the 100-day SMA and the upward movement in the RSI, support the case for continued gains.
The growing market sentiment surrounding SUI reflects optimism about potential price appreciation.
However, there are potential risks if SUI fails to break above the resistance level, which could limit upside potential.
Traders must remain vigilant and responsive to changing market conditions. Overall, SUI's recent performance positions it as a cryptocurrency to closely watch in the near future.