Stablecoins Surge, DEX Volume Soars: SUI Defies Market Bears
While most of the crypto market cools off after Wednesday’s rally, Sui (SUI) is bucking the trend.
Key DeFi metrics are flashing bullish:
DEX volume surged 38.5% last week to $2.77B, with $806M in just the past 24 hours.
DeFi TVL jumped 9.64% to $1.595B, per DeFiLlama.
Stablecoin market cap climbed 7.81% to $865.2M, with USDC commanding a 71.64% share.
SUI is trading at $2.98, breaking above its downtrend and closing in on the $3.00 psychological resistance. If bulls sustain momentum, $3.58 (Feb high) is the next key level.
Technical outlook:
RSI at 69.26 is flirting with overbought territory – a breakout or reversal may be near.
Major support zones: $2.75 (100 & 200 EMA confluence) and $2.46 (50 EMA).
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