UI, the native crypto cryptocurrency of the Sui network, plunged 3.2% during the Monday trading session. This bearish pullback follows the broader market downtick, indicating the temporary cool-off after a three-week rally. This healthy retracement amid indicates a suitable opportunity for a long rally.
So far in September, the SUI price has outperformed most major altcoins with a parabolic rally from $0.756 to $1.68, accounting for a 122% surge. This bullish trajectory can be attributed to several reasons, such as the USDC integration, and some major collaborations.
