Sui Price Skyrockets 27.5% as Analyst Sees Potential for $2.30 Target

Sui's token price has been hovering around $0.65 since early June but saw a significant surge in recent days, rallying 27.5% to $0.83.

The Bitcoin momentum translated well across the crypto market, and many altcoins have seen double-digit percentage gains this week.

The Aftermath Perpetuals Futures V2 going live on the Sui mainnet likely bolstered sentiment, helping to break down resistance at $0.78-$0.83.

An analyst notes that price action, on-chain activity, and sentiment are 'beginning to align,' indicating a potential upswing in price action.