Summary
- Santiment reports that Sui (SUI)'s bullish sentiment has reached its highest level in 5 months.
- Sui has rebounded 10% and is trading at $3.5, with staking rewards and partnerships analyzed as bullish factors.
- They reported that Sui's bullish momentum is building market optimism.
Analysis shows that Sui (SUI) bullish sentiment has reached its highest level in the past 5 months.
On-chain analytics platform Santiment reported via X on the 13th that "While most cryptocurrencies moved sideways in the past 24 hours, Sui showed strong presence with a 10% rebound" and stated that "current bullish sentiment is at its highest since mid-September last year." As of today, Sui is trading around $3.5 on CoinMarketCap, up about 10% from the previous day.
Santiment attributed Sui's strength to factors including staking rewards. "New partnerships and staking rewards are driving Sui's bullish trend," Santiment noted, adding that "bullish sentiment for Sui is spreading across social media platforms including X, Reddit, and Telegram." They further added that "while this rebound is relatively small compared to the 259% surge over the past 5 months, the bullish momentum is fueling market optimism."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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