Summary
- It has been reported that the Sui (SUI) token recovered the $3 level on news of a purchase by Lion Group Holdings.
- Since Lion Group officially announced the purchase of SUI, SUI has continued its steady upward trend.
- In the last seven days, it has risen by approximately 15%, and a major support line is formed near $2.87.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), on the 3rd (local time), the token SUI from the Layer 1 blockchain Sui (SUI) has recovered the $3 level, boosted by news of a purchase by the US Nasdaq-listed investment and financial services company Lion Group Holdings.
The outlet explained, "Since Lion Group officially announced the purchase of SUI on the 26th of last month (local time), SUI has been maintaining an upward trend," adding, "It has risen by about 15% in the past seven days, and currently maintains strong bullish momentum from a technical standpoint. In particular, there is a major support line formed near $2.87."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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