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DeFi lending is recovering in March after a series of market capitulations and liquidations. More value is flowing into smaller chains, with the biggest growth for Berachain and Sonic.
SUI has shown signs of recovery, and the crypto token's price is trading at $2.65, which is just below the crucial resistance level of $2.77. This resistance stands as the last hurdle before the altcoin can reach the $3.00 mark.
The crypto market demonstrates steady improvement as multiple alternative tokens show major price increases. TON, SUI, and Pi have emerged as top performers in the market by recording impressive growth during the previous 24-hour period.
SUI is making another attempt to break past the crucial $2.82 resistance, a level that has repeatedly challenged bullish momentum. After a steady climb, the price now stands at a decisive point—will buyers have enough strength to push through, or will sellers step in to defend this barrier once again?
Aave (AAVE) was also a top performer, gaining 3.6% from Wednesday.
Sui price, currently at $2.74, has broken out of a falling wedge and rising parallel channel, suggesting bulls are taking control. This recent surge has sparked excitement among traders and analysts, as it echoes past patterns that triggered notable rallies for Sui.
SUI and TON are the two top gainers from the larger-cap alts today.
SUI cryptocurrency shows strong breakout potential with technical indicators supporting a possible 25% upswing, while VanEck predicts it could reach $10 by 2025.
Sui Network's native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly highs on Wednesday.
SUI volume is spiking up as the price is gaining huge momentum after rebounding from the local lows close to $2.5. This price action demonstrates healthy accumulation with decreasing volatility while maintaining higher lows since the local bottom.
Sui (SUI) has gone up by 8.4% in the past 24 hours to stand at $2.60 after news that Canary Capital filed an application for a SUI-linked exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
Sui (SUI) maintains strong support at $2.26 with technical patterns suggesting a potential 221% rally to $7.00, backed by ecosystem expansions and $73.85B in stablecoin transfers.
The crypto market begins to recover while several rising altcoin values emerge. Bitcoin maintains its position at $88K, while Ethereum prices approach $2K, which shows potential for ongoing bullish momentum.
With Bitcoin (BTC) hovering just underneath its own breakout point, some of the altcoins have already made their moves. $BNB, $SUI, and $DOGE breakouts are analysed.
In recent days, Sui (SUI) has recorded an increase in activity on its blockchain, surpassing TON in two key metrics: the volume of stablecoin transfers and the number of daily active addresses. These data suggest an increase in interest from investors in the SUI network, as the asset approaches a key support level that could act as a catalyst for a future price recovery.
SUI is gaining positive sentiment in the market.
SUI was stuck in a choppy price action in the last week, eventually recording a 2.48% loss. Just like the rest of the crypto market, the altcoin has remained largely in consolidation for the past two weeks with little indication of its next price breakout.
As the cryptocurrency market continues to surge, one project that has garnered increasing attention is Coldware (COLD). With the price of Sui (SUI) showing a notable rise of 7.01% over the past week, many analysts are speculating about its future trajectory.
Filecoin (FIL) was also an underperformer, declining 3.3%.
Sui (SUI) shows technical signs of a potential breakout from its corrective phase if it can overcome key resistance levels amid improving fundamentals.
Layer 1 blockchain leaders Ethereum (ETH), Solana (SOL), and Sui (SUI) all look as though they could get the wind in their sails if Wednesday's FOMC meeting sets a dovish tone. A high time frame analysis.
The game is set to launch on the Sui blockchain. It will bring a mix of nostalgia and digital ownership to modern players.
SUI, the Sui Network's native token, is retesting a key support level after surging near the $2.40 mark. As the cryptocurrency attempts to hold its current range, some analysts suggest that a breakout is imminent for the token's price.
Bitwise's CIO says DeFi is “substantially undervalued” as utility tokens are poised to grow amid the U.S.'s crypto-friendly pivot.
