- SUI’s milestone in DEX volume could attract more liquidity providers and investors to its ecosystem
- SUI is consolidating between $4.86 and $4.61, with a decisive move potentially triggering a 10% swing
SUI achieved a significant milestone by surpassing Arbitrum in DEX volume for the first time, signaling its growing influence within the DeFi ecosystem. However, the token’s price action tells a different story. Consolidating in a no-trade zone between $4.86 and $4.61 at press time, SUI seems to be poised for a decisive move that could swing its valuation by 10%.
As market participants assess this critical juncture, the implications of SUI’s breakout – or breakdown – could set the tone for its near-term trajectory and further solidify its standing.
Why this flip matters for SUI
Source: X
Surpassing Arbitrum in DEX volume marks a pivotal achievement for SUI. DEX volume serves as a critical indicator of a network’s liquidity and user engagement, reflecting how actively participants are utilizing the protocol for trading and other financial activities.
This flip signifies SUI’s ability to challenge established players, potentially attracting more developers, liquidity providers, and investors to its ecosystem. The milestone is also a sign og SUI’s scalability and utility, which could bolster market confidence. In turn, this could drive more sustained adoption and token demand.
SUI – The no-trade zone
According to Crypto analyst Ali Martinez, SUI’s price has been oscillating between $4.86 and $4.61, forming a no-trade zone that traders often avoid due to uncertain directional bias.
This zone highlights market indecision, where buyers and sellers fail to dominate. A break above $4.86 could signal a bullish breakout, while a close below $4.61 might indicate further bearish momentum.
Source: X
Traders have been closely monitoring this range as a sustained close outside it could spark significant volatility, potentially triggering a 10% move in either direction. This makes the $4.86-$4.61 range pivotal in determining SUI’s next major trend. For now, patience is key, as the market awaits a decisive move to confirm its direction and provide better trading opportunities.
Key scenarios – What could happen next?
SUI is at a pivotal moment with three potential outcomes. A breakout above $4.86 could push it towards $5.10, given enough buying volume.
If SUI drops below $4.61, it risks a pullback to $4.42 – A key support level.
Alternatively, SUI may remain range-bound between $4.86 and $4.61, reflecting market indecision. Traders should watch for volume spikes to signal a breakout.
Is your portfolio green? Check out the SUI Profit Calculator
Implications for SUI token’s price
The recent DEX volume flip signals growing activity and interest in the SUI token, which could impact its price behavior. This fundamental development may align with the ongoing technical setup, influencing the likelihood of a breakout or extended consolidation.
A surge in DEX activity often reflects heightened market engagement, which could lead to greater volatility. In the near term, traders should watch for volume-backed moves. Meanwhile, the medium-term outlook depends on sustained market participation and shifts in sentiment.
