SUI Crypto Price Analysis

SUI crypto has tested a descending trendline three times but faced rejection at each attempt. Traders are aiming for a potential 16% rebound to $3.40, indicating a possible shift in momentum.

Currently, SUI trades around $2.99, with robust support near $2.63. The trendline, acting as resistance, has hindered upward movements, yet a breakout could initiate a strong rally. If SUI successfully breaks past this level, bullish sentiment might increase, pushing prices toward $3.40.

Furthermore, SUI’s daily active addresses have nearly doubled compared to Base, reflecting growing network activity. Increased liquidations suggest heightened volatility, which may result in a definitive move.

SUI Daily Active Addresses
SUI’s network activity is booming, with daily active addresses reaching 1,677,247 on February 24, 2025, almost double that of BASE at 866,318. This rapid growth indicates rising engagement and suggests SUI is gaining traction in the competitive blockchain space.

As user activity increases, SUI’s adoption, network expansion, and demand may strengthen, cementing its position as a leading blockchain platform. Elevated participation often leads to higher transaction volumes, which can drive price appreciation and bolster market confidence.

SUI Crypto Long/Short Liquidation Ratio
SUI is experiencing a surge in liquidations, heightening market volatility and possibly paving the way for a bullish reversal. Recent data shows a sharp increase in both short and long liquidations, signifying intensified market activity.

On February 26, total liquidations surpassed $4.29 Million, highlighting increased speculative trading. SUI’s price hovered around $3.00, demonstrating resilience amidst market turbulence. Major short liquidations indicate that traders betting against SUI were forced to exit their positions, often fueling upward momentum as buy orders rise.

Increased volatility suggests traders are preparing for significant moves; if buying pressure persists, SUI may break resistance levels and confirm a bullish reversal. The upcoming days will be crucial for SUI’s price action.