SUI has been trading with impressive strength since setting a local low around $1.71 just over two weeks ago. Since Monday, SUI has gained more than 79% in value, reflecting a surge in bullish sentiment and positioning itself as one of the standout performers in the current market environment. Related Reading: Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity However, risks remain elevated as tensions between the US and China continue to escalate, creating uncertainty across financial markets. Trade conflicts and geopolitical friction could still weigh heavily on risk assets if conditions worsen. Top analyst Kaleo shared an analysis highlighting that SUI is gaining strength against Bitcoin, marking one of the first times in recent months that an altcoin shows significant relative performance compared to BTC. This strength is notable as most altcoins have struggled to outperform Bitcoin in a market dominated by caution and defensive positioning. The next few days will be critical in determining whether SUI can sustain its breakout or if a period of consolidation will follow. SUI Leads Layer-1 Blockchains as ..
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