- 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.
Samantha is a full-time crypto journalist with 2 years of writing experience in the field. Her key area of interest is the political ramifications of crypto-centric laws around the world. An avid market trader, Samantha also has a keen eye for price anomalies on trading charts.