Sui’s TVL and transaction volumes continue rising despite broader market weakness
Bullish reversal possible if Sui breaks and holds above the critical $2.85 level
Falling wedge pattern and EMA support hint at Sui’s potential breakout momentum
While the broader crypto market remains in a downtrend, the Sui (SUI) blockchain is emerging as a standout contender, with booming on-chain fundamentals and a bullish technical structure that suggest it could be poised to lead the next major market rally. A significant disconnect is growing between the network’s explosive ecosystem growth and its currently consolidating price, a dynamic that has captured the attention of top market analysts.
Born from the remnants of Facebook’s ambitious Diem project, Sui has rapidly carved out a position as a top-tier Layer 1 platform, driven by its unique architecture that enables remarkable scalability and a seamless user experience.
A Fundamental Powerhouse: On-Chain Metrics Soar
The primary case for Sui’s potential is rooted in its undeniable on-chain growth. Sui’s total value locked (TVL) and transaction volumes continue to break new highs. This steady on-chain growth s…
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