This content originally appeared on DEV Community and was authored by Sergi Mamedov
🔥 SUI Sees Massive Trading Activity
SUI has recorded $350B in total swap volume, with its price rising 7.72% in 24 hours to $3.05. Over the past 30 days, SUI gained 12.98%, hinting at a potential bullish reversal.
📊 Breaking the Descending Channel?
SUI is attempting to break out of a descending channel after bouncing from key support. If it holds momentum, a northbound move is possible, but $3.2 resistance remains a challenge. Failure to break through may lead to consolidation or downside pressure.
📢 Social Dominance on the Rise
SUI’s social volume surged to 112, with dominance at 0.53%, signaling growing community interest. Increased engagement often fuels volatility, which could drive further price movement.
📉 Liquidation Heatmap & Open Interest
Key liquidation levels are at $2.9-$3.0—a dip below could trigger volatility, but holding above strengthens bullish momentum. Open Interest jumped 8.23% to $672.94M, indicating traders are positioning for a breakout.
🚀 What’s Next for SUI?
If SUI breaks $3.2, it could sustain an upward trajectory. However, failure to do so might result in short-term consolidation before another attempt.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
This content originally appeared on DEV Community and was authored by Sergi Mamedov
Sergi Mamedov | Sciencx (2025-02-27T19:48:24+00:00) 🚀 Is $SUI Ready for a Breakout After a Strong Surge? 📈. Retrieved from https://www.scien.cx/2025/02/27/%f0%9f%9a%80-is-sui-ready-for-a-breakout-after-a-strong-surge-%f0%9f%93%88/
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