SUI price is spiking up as the price is gaining huge momentum

This price action demonstrates healthy accumulation with decreasing volatility while maintaining higher lows since the local bottom.

The SUI volume is spiking up as the price is gaining huge momentum after rebounding from the local lows close to $2.5. This price action demonstrates healthy accumulation with decreasing volatility while maintaining higher lows since the local bottom. The rise is being credited to the Walrus Protocol mainnet launch, which is a popular decentralized storage network powered by the SUI blockchain. Hence, the price is expected to trigger another 25% upswing and rise above $3 ahead of the quarterly close.

Shiba Inu (SHIB) and Hedera (HERA) giant. In addition, the token is one of the top layer-1 cryptosprepared to display a 100x rally for the upcoming bull cycle. The token underwent a tremendous retest and is displaying huge buying opportunities at these levels. Hence, this suggests that the SUI price rally has just started, and a new ATH can be expected in April 2025.

However, the bullish start for the day, mainly above the resistance of the wedge, is expected to keep up the rally until the end. Plus, the RSI is incremental, and the DMI underwent a bullish crossover. But, the ADX continues to plunge, indicating a drop in the strength of the rally. Hence, the SUI price may remain consolidated around the local resistance zone of around $2.8 and $2.85 until the platform does not receive a huge buying volume.

The SUI price has retraced much deeper and smashed a major support zone, and hence, the rebound is expected to attract a huge liquidity into the platform. What’s more, the Walrus Protocol mainnet launch is also seen as a major catalyst that may keep up the momentum of the rally for a long time. Hence, the SUI price has begun to breakout and is believed to rise above $3 before the close of the month. With this, the price is expected to maintain a strong ascending trend and reach a new ATH in the coming days.