SUI Token Rises 3.85% Amid Strong Buyer Engagement and Volume
SUI Price Update
- SUI traded at $3.1110, with a 24-hour increase of 3.85%.
- Session high reached $3.1554; strong volume supported the breakout.
- Stablecoin supply on the Sui network rose from $400 million to nearly $1.2 billion.
- Total value locked (TVL) in Sui hit $1.8 billion, ranking third among non-EVM chains.
- SuiLend's TVL surged 90% over the past month to above $600 million.
- Key breakout level identified at $3.30 for potential new highs.
Technical Analysis Highlights
- SUI traded between $2.9742 and $3.1554, marking a 6.09% intraday move.
- Price established support at $2.96–$2.97 after breaking above $3.08 resistance.
- Volume exceeded 12 million units from 01:00 to 07:00 GMT.
- Breakout initiated at 13:56 GMT when SUI surpassed the $3.12 level on a volume spike over 1 million units.
- New support formed around $3.12 post-breakout.
- At analysis window's end, SUI advanced from $3.09 to $3.13, closing with bullish patterns intact.