- Sui tests support the support of the vessel where the price recovers 2.60 % to $ 2.16.
- Macd shows the upscale ascending as the distinctive symbol targets the level of $ 2.35 Fibonacci.
- The increase in Stablecoin’s supply of $ 721 million now exceeds $ 684 million of optimism.
Sui symbol shows promising signs of a bullish reflection despite the broader cryptocurrency market that is slightly slowing in momentum. It is currently being traded at $ 2.16 after 2.60 % recovery inside the day, SUI appears to be ready for potential penetration higher than the main resistance levels that can ignite a more fundamental gathering in the coming days.
The technical analysis of The Daily Chart revealed that SUI recently failed to overcome the REERARATED at the level of 50 % in Fibonacci near the Psychologically important brand. After this rejection, the price was recovered to test the forest direction line that was previously converted into the falling spoiler, which is a classic bullish reverse formation. A successful support test has created this basis for the current recovery attempt.
The bullish state is further strengthened by the MACD index, which formed a bullish intersection with the height of the MACD line over the signal line. This technical signal is often preceded by the progressive price movement and indicates an increase in the positive momentum behind SUI. With this artistic background, the distinctive symbol is now targeting the 61.80 % Fibonacci alternative to the 2.3514 dollars, which can serve as a stimulant for penetration more important.
The basics of the sui network of optimism appears
Besides technical indicators, the basics of the Sui network provides additional reasons for optimism. The first quarter of 2025 has seen a significant growth in Bitcoin financing activities on the SUI network, where LBTC in Lombard helps increase assets related to Blokchain. Currently, approximately 10 % of the total value of Sui (TVL) consists of Bitcoin assets, including WBTC, LBTC and STBTC.
According to the official Data The SUI team participated, the average Q1 Average TVL reached $ 1.51 billion, with a peak of up to $ 2.08 billion during this period. Despite the last decrease in these peak levels, the total network activity is still strong, as the trading volume increases by 4.47 % of a quarter to a quarter of up to $ 25.5 billion.
Perhaps the most impressive is the SUI’s rapid ecosystem. The stablecoin supplies recently exceeded the optimism solution, which is a major solution for ETHEREM.
Current figures show that SUI hosts $ 721 million in Stablecoins compared to the optimism of $ 684 million.
Stablecoin supplies provides increasing economic benefit to the network, which may create a more sustainable basis for price estimation compared to speculative movements alone. Stablecoins is usually the backbone of trading couples, and it gives agricultural protocols and Blockchain ecosystem, which makes their presence a major indication of the network health.
If we look at the future, if SUI managed to separate successfully above the REERECTION level 61.80 % Vibonacci at $ 2.35, then the next main goal is the 50 % Fibonacci level about $ 2.91. This would represent a big step from the current levels and can pave the way for another attempt by an important 3 -dollar brand.
