Sui Gains on Rival Solana as Trading Volume Explodes by 101%

• Sui’s 24-hour trading volume exploded by over 101%, reaching $1.48 billion amid renewed interest
• The Layer-1 blockchain has recently outpaced its key rival Solana in short-term price performance
• A technical chart pattern suggests Sui could be preparing for a breakout after a long consolidation

The Layer-1 blockchain Sui (SUI) is seeing heightened market attention, with its price showing renewed strength and its trading volume exploding by over 100% in a single day. The recent performance has seen Sui outpace its key rival, Solana, while a key chart pattern suggests the token could be preparing for a major breakout.

As of Friday, Sui was trading at around $3.00, up 4% over the past 24 hours. The move was backed by a massive surge in trading volume, which spiked by 101.31% to reach $1.48 billion, signaling a rush of new interest from traders.

Analysts Eye Breakout After Long Consolidation

Adding to the bullish sentiment, crypto analyst KNIGHT drew attention to a chart pattern, suggesting that Sui might be preparing for a breakout. 

The chart showed the token had spent several months building a strong base in a consolidation zone between $2.00 and $2.40…

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