SUI token experienced a significant 16.59% daily price gain as trading activity nearly doubled during the session. According to reports from AMBCrypto, the token's trading volume expanded 94.28% to $1.73 billion, demonstrating substantially greater market participation than the previous session. The token has since reclaimed $1.20 after briefly touching $1.29 during the recent rally, though it faced selling pressure and retreated to the $1.10 price area before recovering to current levels near $1.20. The hourly chart shows buyers maintaining control with the MACD crossing back above its signal line after a challenging period.
The Sui network achieved a significant milestone by crossing 6 billion total transaction blocks, demonstrating exceptional network activity and performance. As reported by AMBCrypto, a "transaction block" on Sui represents bundled actions including token swaps, staking, and transfers, making the 6 billion figure even more substantial than it appears. The network reportedly leads L1 blockchains on transactions per second (TPS), showcasing its technical capabilities and user adoption. Additionally, Scorechain, a compliance tool firm, now supports Sui, enabling enhanced monitoring of wallets and transactions similar to established networks like Bitcoin and Ethereum.
The Sui DeFi ecosystem maintained considerable liquidity as it pushed toward higher levels during the recovery period. According to AMBCrypto, Total Value Locked (TVL) climbed to $551.65 million, following a mild 0.34% increase over 24 hours. Despite the modest increase, the ecosystem liquidity did not contract as speculative market activity expanded rapidly. This distinction mattered since a falling TVL could have weakened the fundamental outlook beneath SUI's recovery, with the capital locked across Sui DeFi remaining firm as network and trading activity strengthened.
The futures market shows heightened activity with open interest reaching $422 million, indicating increased institutional and retail participation in SUI derivatives. As reported by AMBCrypto, funding rates experienced a sharp rise in recent hours, with traders betting on price increases now paying substantial premiums to maintain their positions. The derivatives market structure suggests that a lot of people are leaning long, creating potential for quick liquidation if price momentum stalls. This dynamic reflects the current bullish sentiment among traders and the increased leverage being deployed in the market.
On a weekly timeframe chart, SUI strengthened its technical structure after breaking above its extended descending channel during the recent price recovery. As reported by AMBCrypto, the breakout followed a price reversal from the $0.6578 support region, marking an important shift in its wider price structure. The Parabolic SAR flipped below the prevailing price near $0.5597, adding further support to the bullish setup, while the bulls controlled the DMI structure with the +DI at 30.40 above the -DI signal at 14.70. The ADX strength indicator reached 20.75, leaving room for directional strength to expand as the price breakout developed.
