TLDR
- Sui price forms support near $1.55 amid stable upward momentum and interest.
- DEX volume on Sui hits $206M, reflecting strong liquidity and adoption.
- Sui surpasses Ethereum in bridge inflows, gaining cross-chain investor attention.
- A breakout above $1.80 could trigger a rally toward the psychological $2.00 resistance level.
- Technical indicators show neutral-to-bullish signals, supporting cautious upward continuation.
Sui price remains steady above $1.60, recording a 5% gain over the last 24 hours. This positive movement follows a bullish week despite broader market consolidation. Currently, SUI is forming a short-term support base between $1.55 and $1.58 after facing resistance near $1.65. Meanwhile, daily decentralized exchange (DEX) volume surged to an impressive $206 million, signaling strong market activity. Investors now anticipate a potential rebound toward the $2 level.
SUI DEX Sees Massive Surge with $206 Million Volume in 24 Hours
Sui-based decentralized exchanges (DEXs) have recorded a major spike in trading activity over the past 24 hours. According to a post on X by Shawn Brown, DEX platforms on the Sui blockchain processed over $206 million in trading volume within the past 24 hours.
This sharp increase reflects growing interest and liquidity flowing into the Sui ecosystem. The surge places Sui among the top contenders in the DeFi space, driven by rising user activity and deeper market participation. Analysts suggest this momentum could be fueled by recent advancements and increased adoption of Sui’s scalable blockchain infrastructure.
Sui Surpasses Ethereum in Bridge Inflows
In addition to a notable DEX surge, Sui Insiders confirms that Sui has also overtaken Ethereum in 24-hour net bridge inflows. Tracking the overall market trend, Bitcoin consolidates above $93,000, while Ethereum trades stably above $3,100.
A deep dive into the market data reveals that Sui ranked third overall, just behind Arbitrum and Avalanche. Meanwhile, Ethereum slipped to fourth place. This marks a notable change in capital flow trends, with Sui gaining rapid traction in the bridging space. Investors are clearly taking note of Sui’s growing ecosystem and potential.
Will Sui Price Rally to $2 Soon?
The SUI price trades near $1.60 after holding steady on the 24-hour chart. The token shows modest upside momentum following a recent bounce from lower levels. Price action remains capped below the $1.80 resistance, which previously rejected bullish attempts.
Source: TradingView (SUI/USD Chart)A stronger breakout above $1.80 could open the path toward the psychological $2.00 level. On the downside, buyers continue to defend the $1.50 support zone with consistent reactions. A breakdown below $1.50 may expose SUI to deeper losses toward the $1.40 region.
Technical indicators present a mixed but stable outlook for short-term traders. The MACD hovers near the neutral line, signaling reduced bearish pressure and slowing momentum. Meanwhile, the RSI sits slightly above 50, reflecting balanced market conditions. This level suggests neither strong overbought nor oversold pressure at current prices.
The post Sui Price Eyes Rebound to $2 as DEX Volume Hits $206M in 24 hours appeared first on Blockonomi.
Source: https://blockonomi.com/sui-price-eyes-rebound-to-2-as-dex-volume-hits-206m-in-24-hours/
