Recently, the digital currency Suu (SUI) has experienced a significant price increase, reaching over $3, due to increased user attention and intense growth of coins in its network. This growth was accompanied by increased user activity and a noticeable rise in trading volume on decentralized exchanges (DEX) of this network. Suu has managed to stay positive in the red crypto market and is currently the third top cryptocurrency with a 3.76% daily growth. From April 20 onwards, Suu network activity has been steadily growing, leading to an increase in demand for its native token. In the past seven days, about $2.5 billion worth of tokens have been traded on this chain. Moreover, on Thursday, DEX trading volume reached $777 million, marking a new peak for this network. It is worth mentioning that meme coins played a significant role in this growth. For example, token Tardi saw a 37% price increase, and Agent S saw a 12% increase, attracting user attention. Consequently, the market value of the Suu ecosystem reached $12 billion with a 28% increase. Artemis platform data shows that Suu price growth from $2.1 in mid-April coincided with an increase in daily active addresses and trading volume. On April 20, daily active addresses reached 1.7 million and trading volume remained high. Despite this growth, for Suu to reach higher targets such as $3.5, it needs to surpass the $3.1 resistance level. Additionally, the Relative Strength Index (RSI) is approaching the overbought area, suggesting the possibility of a short-term correction.
