SUI reached a daily trading volume of $373.5 million in the last market update. This data moved the network ahead of Avalanche, TON, Aptos, and Polygon. While high volume indicated that interest in the asset continued, a more cautious picture came to the fore on the price side.
SUI surpassed its competitors in transaction volume
Daily trading volume increased to $373.5 million, pushing SUI to the top of short-term market activity among tier 1 networks. Sui is known as a layer 1 network running on its own blockchain and is closely watched in the crypto market, especially with its target of high transaction capacity.
In the evaluation shared by Sui Media, it was stated that SUI reached a daily transaction volume of 373.5 million dollars, leaving Avalanche, TON, Aptos and Polygon behind, indicating a remarkable change in market dynamics.
The increase in volume showed that investors remain active around the token. However, high transaction volume alone does not give a clear signal about the direction. Because such increases can be seen both during strong rise periods and hard sales periods.
Therefore, attention in the market is directed not only to volume data, but also to how the price behaves at critical levels. In particular, comparisons with other smart contract platforms have led to closer monitoring of SUI’s short-term performance.
The loss of $0.80 support drew attention
Despite strong volume, SUI failed to maintain the $0.80 support level. The region in question was seen as an important threshold in the short term. As it fell below this level, eyes turned to possible support areas below.
In the post made by Sui Insiders, it was stated that the $ 0.80 support was lost and the next main support zone is between $ 0.55 and $ 0.65.
The market outlook showed that buyers were unable to provide adequate response around $0.80. While this increased sellers’ control in the short term, it also weakened the price structure. Analysts evaluate that a possible return above $0.80 could ease the selling pressure, otherwise lower levels could be tested.
The new focus is on the $0.55 to $0.65 range
According to the shared chart view, the next important support zone is between $0.55 and $0.65. Market watchers consider this area as a possible accumulation zone. However, if volatility increases, the possibility of the price falling towards $0.50 remains on the table.
Mini dictionary: The accumulation zone refers to the area where buyers consider making gradual purchases within a certain price range. Liquidity describes how easily an asset can be bought and sold without significantly affecting its price.
In the short term, the outlook for SUI therefore produces two different signals. On the one hand, strong trading volume attracts attention, and on the other hand, price movement below the main support level indicates a weak technical structure. Investors are expected to watch the reaction especially in the 0.55 to 0.65 dollar band in the coming period.
