$SUI is the native token of the Sui blockchain, a high-speed Layer-1 created by a team of former Meta developers. It is built on the Move language, which ensures secure and scalable execution of smart contracts.
At the time of review, the price of SUI is approximately $3.93, with a recent gain of over 10%. Technical analysis shows a breakout of a symmetrical triangle and confirmation of an upward trend. Key targets are $4.30, $5.00, and if continued, up to $5.37.
Fundamentally, SUI is supported by a large DeFi and NFT ecosystem, scalability through parallel transaction execution, and the zkLogin feature for easier access to Web3.
Risks: Token unlocks are expected, which could create pressure on the price in the short term.
