Sui Network [SUI] is moving fast! While timelines are busy chasing the louder tokens, SUI has been putting up some seriously big numbers with little noise.
So, what happens next when the crowd finally looks up and notices?
Lots of trading going on
Over the past week, SUI’s trading volume jumped by a massive 244.65% with activity across DEXs, aggregators, and derivatives.
Source: X
While many traders are distracted by the current (and louder) rallies, SUI has pushed up, with record numbers for the first time in what seemed like a long few months.
Numbers like this can matter if altcoin interest picks up in the weeks ahead. As it stands, it seems very likely.
Building on that volume surge…
The token peaked with a move back above $2.00 this week. That’s a 43% rise since the 1st of December. What’s more important here, though, is when it happened.
Source: Santiment
Social sentiment and dominance has, for all intents and purposes, collapsed. Hardly any people are talking about SUI despite its price climb.
With memecoins stealing most of the spotlight in the new year, SUI’s recovery has been largely low-key.
Until retail FOMO kicks in again, this rally is all set to reward its most patient investors and early believers… especially if Bitcoin continues to hold above $90K.
An upside for reprieve!
SUI had a clean breakout after weeks of nothing to write home about. The token surged over 36% in a week, reclaiming the $1.90-$2.00 zone.
RSI pushed above 70, while the MACD too flipped firmly bullish. At the same time, CMF indicated real capital entering the market.
Source: TradingView
The token does look slightly overheated in the short term. However, the overall picture makes it clear that there is potential for prolonged running pace. This is more than just a brief flash in the pan.
Final Thoughts
- Sui’s volume surge and 35% rally mean buying is high when no one’s looking.
- If altcoin momentum continues to build, then this will matter.
Source: https://ambcrypto.com/sui-rallies-36-trading-volume-explodes-240-but-the-market-isnt-taking-note/
