SUI Price Skyrockets on 12-Week Bull Run Amid Record Transaction Volume

Sui's price has been on an upward trend for 12 consecutive weeks, according to recent data. This positive sentiment is reflected in SUI ETF net flows, which have seen non-negative readings throughout this period.

Ali Martinez reported that SUI ETFs have accumulated over 9.3 million tokens since June. The network has also seen a significant increase in transaction volume, with more than 8.5 million transactions processed on August 22, marking a new 90-day high.

The price of SUI has been trading close to its daily low of $0.7855, but analysts believe that the asset is poised for further gains. According to CoinGecko data, SUI's price has increased by 23.3% in the past week, 15.9% over 14 days, and 11.8% monthly.

The technical analysis provided by Altcoin Buzz suggests that SUI must first reclaim $0.80 and $0.81 before testing $0.83. However, this break above $0.83 would strengthen the breakout case for SUI.