SUI Price Jumps 18% as Bitcoin Tops $85,000 and Layer-1 Tokens Rally

SUI, a Layer-1 crypto token, experienced a significant price surge on Monday, reaching $1.05 and peaking at $1.08.

This represents a nearly 18% increase from its previous day's value and marks the token's highest point since it broke above $1.

The rally can be attributed to the overall strengthening of Layer-1 tokens as Bitcoin topped $85,000, with SUI gaining 44% for the week and daily trading volume increasing by 31%.

However, analysts warn that a break below $0.954 could expose downside towards the $0.81 support zone.