Key notes
- SU has reached the $ 3.6 mark for the first time since early February.
- The Stablecoins sur SUR increased by 82% in last week.
- Merchants are waiting for a new ATH for Such before another correction.
Sui
Sui
$ 3.64
24h volatility:
21.8%
COURTIC CAPESSION:
$ 11.84 B
Flight. 24 hours:
$ 3.72 B
A layer 1 blockchain that uses the execution of parallel transactions to become very scalable, is increasing attention to merchants, investors and decentralized finance users.
The Layer-1 network has seen its total value to increase by 38% in last week, reaching $ 1.64 billion for the first time since February 2, according to Defillama data.
The decentralized scholarships on the SU network recorded a point of 177%, oscillating at $ 599 million, in their negotiation volume in the last seven days. This shows that users DEFI are turning to SUP because of its theoretical maximum of 297,000 transactions per second.
In addition, the market capitalization of Stablecoin Sur Suit increased from $ 482 million to $ 879 million in the past two months, marking an increase of 82%, according to Defillama.
SU has recorded a rally of 70% in last week and is traded at $ 3.55 at the time of the editorial staff. Its market capitalization currently oscillates at $ 11.5 billion with a daily negotiation volume of $ 3.3 billion.
New speculations abound
It was not only DEFI who led the increase price. The most important catalyst is the possibility of reducing American prices against China. This has brought great optimism to the financial markets such as actions and the crypto.
The global market capitalization of cryptography has started to climb up to the bar of 3 dollars.
Many analysts on X have referred to the Haussier Élan de Su suis. Bitcoinsensus shared a graphic that shows Such moving in an ascending corner pattern.
$ Sui Massive price projection target
Such moves in waves inside this ascending corner which has been formed since June 2023.
We also have an upper confirmation of high time with a trend rupture on the RSI on the weekly.
Next price objective for $ Sui on… pic.twitter.com/t4f5nxu5ry– bitcoinsensus (@bitcoinsensus) April 23, 2025
Bitcoinsensus data show that the Historical Prices Table of Suit from May 2023 and indicates that the asset will likely reach a new summit of $ 11.5 before facing another major correction.
Although technical indicators seem optimistic, it is important to note that several key factors such as macroeconomic conditions, fundamental signals and the global feeling of investors can change at any time in different circumstances.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
Wahid Pessarlay on x
