SUI Eyes $2 Milestone After Market Correction
After a recent market correction on Halloween, SUI, the native token of the Sui Network, is making strides toward reclaiming the $2 mark. Last week, a sharp drop in Bitcoin, slipping below the $70,000 level, led to market-wide corrections impacting major cryptocurrencies, with Ethereum and Solana seeing losses of about 5%. SUI similarly declined by 4%, briefly losing its hold above the $2 support.
Despite the correction, SUI has shown resilience, recovering about 9.3% today and reaching $2.07 after hitting a daily low of $1.92. Known as one of the top performers in Q3, SUI had previously reached an all-time high (ATH) of $2.35, before facing an 18.5% retrace.