The post Can SUI Crypto Hit $7 Amid Rising DEX Volume, Transactions? appeared on BitcoinEthereumNews.com.

The weekly price action of SUI has been maintaining a position above a critical support level, currently situated around $3.00. This stability suggested potential for a SUI uptrend, possibly leading to $7 if the reversal happens. In the past weeks, SUI tested this support level multiple times without breaking lower, which typically indicates strong buyer interest at these prices. If this trend persists, and buyer momentum strengthens, SUI could see a rally towards $7, especially if it breaks past intermediate resistance at $5.50. SUI/USD weekly chart | Source: Treading View Conversely, should SUI fail to sustain this level due to a shift in sentiment, there’s a risk of it falling below the support. Potentially this would lead to lower price zones around $4 or even $3.50. – Advertisement – This could happen if the overall market turns bearish or if specific adverse developments impact the altcoin market. The odds of SUI reaching $7 hinge on maintaining current support and breaking subsequent resistance levels. Conversely, the risk of decline will increase if these supports are breached. The probability of either scenario depends largely on broader market trends and investor confidence in the altcoin sector. Monitoring volume and market sentiment will be crucial for predicting these movements accurately. SUI Crypto’s Monthly DEX Volume on Steroids SUI’s trading volume on decentralized exchanges (DEX) saw an uptick, with total volume reaching $60 Billion, marking a 23.27% increase in the past 30 days. This growth reflects heightened activity and could signal strengthening confidence. This uptrend in DEX volume began around January of 2024 when volumes hovered around $9 Billion. The consistent increase into February 2025 suggests that more users are engaging with SUI’s ecosystem, possibly attracted by new developments or increasing utility within the network. However, while this surge in DEX volume could bolster SUI’s…

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Filed under: News - @ February 10, 2025 8:27 pm