SUI leads the crypto market with a 27% weekly gain — What is behind the momentum?

SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable?

Sui (SUI) price is up 13% in one day, to trade at $1.02 on Sept. 12. This is part of a prevailing rebound that began on Sept. 3 and has seen Sui rise more than 27% over the last seven days.

Data from Cointelegraph Markets Pro and TradingView shows SUI rose from a low of $0.9274 on Sept. 12, climbing as much as 15% to an intraday high of $1.07.

SUI/USD daily chart. Source: TradingView

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SUI outperforms the bulk of the crypto market with a strong double-digit gain, but is the rally sustainable?
Sui (SUI) price is up 13% in one day, to trade at $1.02 on Sept. 12. This is part of a prevailing rebound that began on Sept. 3 and has seen Sui rise more than 27% over the last seven days.Data from Cointelegraph Markets Pro and TradingView shows SUI rose from a low of $0.9274 on Sept. 12, climbing as much as 15% to an intraday high of $1.07.SUI/USD daily chart. Source: TradingViewRead more