Quick Takeaways
- SUI’s aggregator volume has surged to an impressive $30 billion, with a 12.7% month-over-month increase
- Technical analysis suggests a potential breakout above the $2.40 resistance level
- On-chain metrics show steadily increasing transaction volumes throughout early 2025
- Growing open interest of $22.3 million indicates heightened market confidence
The Sui network has quietly been building momentum in early 2025, and recent metrics suggest we may be approaching a significant price movement. With aggregator volume reaching the $30 billion milestone, SUI is demonstrating substantial network adoption that cannot be ignored by serious market participants.
Volume Growth Signals Increasing Adoption
The 12.7% monthly increase in SUI’s aggregator volume provides clear evidence of accelerating network activity. This uptick has coincided with steady price appreciation, creating the technical foundation for a potential breakout from its current price structure
Rising transaction volumes on the Sui blockchain further validate this trend, with notable spikes observed in both early and late March. These metrics collectively point to genuine user engagement rather than speculative trading alone.
Technical Structure Points to Breakout Potential
SUI has been trading within a falling channel characterized by lower highs and lower lows. However, recent price action shows the asset challenging the upper boundary of this channel after establishing strong support at the lower trendline.
Source| X
A decisive break above the upper trendline could trigger a significant bullish rally, potentially propelling SUI toward the critical $2.40 resistance level. Should this level be breached with conviction, the path toward $3.00 becomes increasingly probable.
Technical Indicators Support Bullish Case
The current neutral RSI reading of 47.39 provides SUI with ample room to move higher without immediately triggering overbought conditions. A move above the 50 threshold would further confirm bullish momentum.
1-Day SUI Trading Chart| Source: Trading View
Meanwhile, the Cumulative Volume Delta (CVD) shows a healthy 25-30% value, indicating that buying volume is supporting the recent bullish price action. The MACD positioning above both its signal line and zero line reinforces this positive outlook.
Open Interest Shows Growing Market Confidence
With open interest standing at $22.3 million and increasing by 2.9% in just 24 hours, traders are clearly positioning themselves for anticipated volatility. This heightened market participation provides the necessary liquidity foundation for a sustainable breakout.
For traders looking to capitalize on SUI’s potential, the $2.40 level remains the key technical hurdle to monitor. A breakthrough here, especially accompanied by increasing volume, would significantly strengthen the case for continuation toward the $3.00 target.
The coming weeks will determine whether SUI can convert these positive indicators into sustained price appreciation, but the current alignment of fundamental adoption metrics and technical indicators suggests the probability is tilted toward the bullish scenario.