Sui (SUI) is on the rise: Can it reach $2?

Sui (SUI) managed to overcome the important resistance point by increasing nearly 15 percent in the last 24 hours.

The cryptocurrency market has been trending upwards for the last few days. Bitcoin (BTC) rose on February 7 and tested $48,000, revealing a 12 percent rise in the leading cryptocurrency. This rise was also a lifeline for altcoins. Many altcoins broke resistance with significant increases.

Sui (SUI), one of the cryptocurrencies that gained strength and started to rise with the rise of BTC, hosted a nearly 15 percent increase in the last 24 hours. SUI managed to break an important resistance point by turning the positive market trend into an opportunity. Will SUI reach $2 with this breakdown?

## Sui (SUI) chart analysis, will the rise continue?

Sui (SUI), one of the shining crypto currencies, increased expectations with a 124 percent increase since the beginning of the year. SUI was among the cryptocurrencies that experienced the highest rise in the new year.

The rise of the popular cryptocurrency has intensified recently. SUI has increased by nearly 30 percent in the last week. The rise of SUI has paralleled the rise of total assets locked (TVL). The Sui ecosystem has improved with an increase in network activity and growth in social metrics. The development of Sui was reflected in the project's native token, SUI.

SUI draws attention with its structure that maintains price stability and its long-term upward trend. The popular cryptocurrency is back in action, with BTC coming to the fore last week. SUI increased by nearly 15 percent in the last 24 hours.

SUI made a sharp rise to $1.80 after breaking the $1.65 resistance. The selling pressure that emerged after this rise caused the price to retreat to $1.70.

SUI, which has turned $ 1.65 into a support point, can continue its rise as long as it stays above this region and stimulates the bulls' appetite. In this bullish scenario, the intermediate resistance point for SUI would be $1.80. If this zone is breached, SUI will first test the 1.90 resistance and then target $2.

On the other hand, SUI may test the $1.65 support as selling pressure increases. If this region is broken, the decline in the SUI price may become sharper and there may be a retreat to the $ 1.54 support. If the $1.54 support is lost, the price could quickly drop to $1.44.