Sui Network (SUI) Undergoes a Substantial Increase in Trading Volume, Phantom Wallet Adds Support for SUI Blockchain

Sui Network (SUI) recently underwent a substantial increase in trading volume. It reached $325 Billion worth of total swap volume with a 16.43% surge in the past 30 days.

Sui Network (SUI) witnessed a substantial increase in trading volume, reaching $325 Billion with a 16.43% surge over the past 30 days. This surge began in mid-2023 and continued in an uptrend, particularly from October 2024 to January 2025.

As the SUI crypto trading volume surged consistently, it peaked at approximately $150 Billion in October, followed by $200 Billion in November, and 275 Billion in December, respectively.

With the increasing volume, the liquidity and price stability of the SUI coin also improved, making the token more attractive for large transactions and investments. This rise in trading activity is usually a precursor to price movements, suggesting that SUI crypto might be gearing up for price adjustments based on its enhanced market dynamics.

At press time, the SUI price was trading at $4.02, indicating a rise of over 6.80% in the past 24 hours. Its market cap surged to $12.04 Billion, ranking 16th among the top crypto coins.

Phantom Wallet Adds Support for SUI Blockchain

Through the Phantom Wallet, users can handle SUI crypto with ease. They can also interact with dApps on the Sui blockchain as part of Phantom’s multi-chain strategy.

Both features of the token will be accessible to SUI users, including the Move-based programming language and decentralized finance space through the wallet system.

The inclusion of the SUI coin makes it the latest addition to the Phantom-supported chains, which include Solana, Ethereum, Polygon, Bitcoin, and Base.

Phantom’s continuous development aims to create a platform with enhanced, secure, and diverse capabilities for its 15 million users.

TD Sequential Flashes Buy Signal for SUI

On the 12-hour timeframe, the TD Sequential indicator has presented a buy signal, which is usually interpreted as an upcoming price reversal.

Amidst the significant price retracement and volatile swings, the SUI price maintained bullish momentum and surged more than 10%.

The presence of this buy signal and declining prices mirror typical market responses where traders capitalize on oversold conditions. If the altcoin surpasses the $3.90 mark, an upward move toward the $5 mark could be observed in the coming sessions.

SUI Price Prediction: Is a Reversal Toward $5 Imminent?

During the daily timeframe, the SUI crypto has made a double bottom pattern around the 100-day EMA support mark, indicating a reversal. In the last 48 hrs, the SUI price surged more than 10%, gaining bullish momentum.

The Relative Strength Index (RSI) line was at 44, representing a reversal from the oversold region. This highlighted a positive divergence on the chart.

If SUI crypto breaks the $4.20 mark, a significant upward movement toward the $5 mark could be seen in the coming sessions.

In the last 24 hours, the Open Interest (OI) has risen over 5.99%, revealing long buildup activity. The long/short ratio was 1.02, with 51% of long contracts on Binance, while 48% of shorts underlined the bull’s dominance.

The crucial support zones for SUI were $3.20 and $2.80. On the other hand, the resistance zones were $4.70 and $5.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.