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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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…
The post Sui Gains on Rival Solana as Trading Volume Explodes by 101% appeared first on Coin Edition.
Read More