The post Can Sui Crypto Catch A Bullish Break As Stablecoin Marketcap Soars? appeared on BitcoinEthereumNews.com.

SUI crypto was one of the fasted growing top coins in 2024 and that growth was largely a reflection of its aggressive network growth. But how has this network and native coin been doing under the rough market conditions recently? SUI crypto was down to $2.20 at press time after giving up almost all of the gains achieved in the tail end of March. That price tag was equivalent to a 58% discount from its historic top in the first week of January. SUI price action/ source: TradingView SUI still managed to hold on to roughly $5.77 billion worth of liquidity that it gained since August despite its latest discount. Nevertheless, sell pressure cooled down considerably below $2.20, seemingly aided by an ascending support line that has been active since September last year. Meanwhile, the aforementioned rally observed in the last week of March was cut short by FUD related to tariffs. Can SUI crypto regain its trajectory now that the bears appear to be on bit of recess and price is within the support range? The previous bullish attempt in the last week of March occurred after a major descending resistance breakout. This suggests that SUI crypto may revert to the recovery trajectory as soon as liquidity starts making its way back into the market. SUI Crypto Prospects Improve Slightly as Network Shows Strength in Key Areas Sui network’s stablecoin liquidity has been steadily growing and it recently reached a new milestone. It recorded the highest stablecoin inflows in the last 24 hours out of all the top blockchains, outpacing heavyweights such as Solana and Tron. Source: X This Sui network saw roughly $37.5 million worth of inflows on 4 April. This milestone reflects the aggressive growth that the network has maintained over the last few months. SUI stablecoin…

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Filed under: News - @ April 5, 2025 10:11 pm