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Key takeaways:<\/strong> <\/p>\n SUI is up 23% in the past 24 hours and 73% weekly, outperforming top-cap cryptocurrencies.<\/p>\n<\/li>\n The launch of the Grayscale SUI Trust and the xPortal\/xMoney Mastercard partnership boosted investor confidence.<\/p>\n<\/li>\n SUI’s TVL is up 40%, and daily DEX volumes surge by 177%, signaling strong ecosystem trust and utility.<\/p>\n<\/li>\n<\/ul>\n Sui (SUI<\/a>) price was up 23% in one day, to trade at $3.67 on April 25. This is part of a prevailing rebound that began on April 21 and has seen Sui rise more than 73% over the last seven days.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> shows SUI rose from a low of $2.11 on April 21, climbing as much as 77% to an intraday high of $3.71 on April 25.<\/p>\n SUI’s performance over the last seven days made it the biggest gainer among the top 100 cryptocurrencies by market cap.<\/p>\n SUI’s gains are primarily fueled by increasing investor confidence following the Grayscale SUI Trust launch and SUI’s strategic partnership with xPortal and xMoney to issue a virtual Mastercard across Europe.<\/p>\n “SUI’s officially out of stealth mode,” said<\/a> pseudonymous analyst Kyledoops in an April 24 post on X.<\/p>\n “Grayscale just launched a trust, social chatter is exploding, and it’s [SUI] now sitting above AVAX and LINK in market cap,” Kyledoops expressed, adding:<\/p>\n “This isn’t just retail hype—Wall Street is stepping into the SUI zone. Momentum feels different this time. It’s real. And it’s accelerating.”<\/p><\/blockquote>\n On April 23, Grayscale launched<\/a> the Grayscale SUI Trust, which enables investors to gain exposure to SUI. The trust is now open to all eligible accredited investors.<\/p>\n Adding to the tailwinds is SUI’s latest partnership with xPortal and xMone, which introduced<\/a> a virtual Mastercard, enabling 2.5 million European users to spend the token at over 20,000 merchants via Apple Pay and Google Pay.<\/p>\n Sui remains among the top 10 layer-1 blockchains, with over $1.65 billion in total value locked<\/a> (TVL) on the network. The chart below shows that the SUI’s TVL has increased about 40% over the last seven days.<\/p>\n Compared to other top-layer networks, SUI is well ahead of its rivals in terms of TVL gains on the daily, weekly and monthly time frames, as shown in the chart below.<\/p>\n SUI’s daily DEX volumes have risen by more than 177% over the last week, to $599 million. This is significantly higher than the 68% and 67% increases on BNB Chain and Solana, respectively. <\/p>\n Related: <\/strong><\/em>Price predictions 4\/23: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, AVAX, SUI<\/strong><\/em><\/a><\/p>\n Although Ethereum remains the undisputed leader at $10.6 billion, this has declined by more than 14% over the last seven days.<\/p>\n From a technical perspective, SUI price gained momentum after breaking out of a falling wedge pattern, as shown on the daily chart below.<\/p>\n After breaching a multimonth resistance trendline near $2.20, SUI reached the wedge’s technical target at $3.30. <\/p>\n Bulls are now focused on all-time highs of $5.35, reached on Jan. 6.<\/p>\n The relative strength index<\/a> (RSI) has increased from 45 to 78 since April 20, reinforcing the strength of the bullish momentum.<\/p>\n However, to sustain the ongoing recovery, SUI price has to first overcome the resistance between $4.50 and $5.10, before going into price discovery.<\/p>\n Based on Elliott Wave analysis<\/a> of the weekly chart, pseudonymous analyst Bitcoinsensus set a “massive” price target of $11.50 for SUI.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Key takeaways: SUI is up 23% in the past 24 hours and 73% weekly, outperforming top-cap cryptocurrencies. The launch of the Grayscale SUI Trust and the xPortal\/xMoney Mastercard partnership boosted<\/p>\n\n
SUI price buoyed by positive fundamentals<\/h2>\n
Sui’s growing DeFi ecosystem<\/h2>\n
Are new all-time highs coming for SUI?<\/h2>\n