SUI Gains Traction: Market Capitalization Recovers as Bulls Target $7

Current Price and Technical Setup: SUI is trading at approximately $3.56, forming an ascending triangle with resistance at $4.32, indicating a potential bullish breakout if it surpasses this level.

Key Support and Volume Indicators: Key Fibonacci levels at $3.10 and $3.59 are crucial for monitoring, with increased trading volume being essential for a successful breakout, as historical patterns suggest strong upward movements following similar setups.

Market Cap Recovery and Investor Confidence: SUI's market cap has rebounded from $11 billion to nearly $13 billion, reflecting growing investor confidence and the potential for further price increases if momentum continues.

Future Price Targets and Product Developments: If SUI breaks above $4.32, potential price targets include $5.48, $6.20, and $7.39, supported by ongoing product developments from the Sui Network, which enhance the bullish outlook.