SUI Trading Volume Rises, Eyes $3.20 Breakout
The Most Important Points in Brief
SUI recorded a significant increase in trading volume and market activity. Technical indicators suggest a potential price increase. However, resistance at $3.20 could pose a challenge.
Is SUI on the Verge of a Breakout?
The SUI token has seen a 12.98% increase in trading volume over the past 30 days and currently stands at $350 billion. The price rose by 7.72% within 24 hours to $3.05. A possible breakout from a long-term downtrend could be imminent.
Technical Analysis: Key Resistance Levels
SUI has been moving within a descending channel for months. Recently, the price bounced off a crucial support zone, which could indicate an impending trend reversal. If SUI breaks the $3.20 mark, the upward trend could continue. Otherwise, further consolidation or a price decline may occur.
Social Activity is Increasing
Social engagement around SUI is rising. The social volume reached 112, while social dominance stands at 0.53%. Growing community attention is often associated with increased volatility and price movements.
Liquidations as a Market Indicator
According to the liquidation heatmap, significant liquidation levels are between $2.90 and $3.00. Falling below this range could lead to increased volatility. If the price remains above this zone, it could be a positive signal for further price increases.
Open Interest Signals Market Interest
Open interest (open positions in the futures market) increased by 8.23% to $672.94 million. A rising open interest indicates that traders continue to hold positions and are betting on a continuation of the trend.
You should read that too:
Our Assessment
SUI shows signs of a potential breakout. Increasing trading volumes, social activity, and open interest suggest a continuation of the upward movement. The key resistance level remains at $3.20. A breakout could unlock further potential, while failure to break through may lead to renewed sideways movement or price declines.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 35x bonus |
| 60x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency