Sui (SUI) Gains Momentum as DEX Volume Surpasses $14 Billion

Sui (SUI) has drawn heightened attention from analysts and investors as it consolidates within a critical price range of $2.63–$2.79, a level being described as a strategic accumulation zone. This price consolidation follows a strong rally in July, during which the token's price surged before retracting to current levels. The market is now closely watching for signs of sustained buyer interest that could signal the beginning of a new bullish phase [1].

The recent performance of SUI has been underpinned by a surge in decentralized exchange (DEX) activity, with the Sui blockchain processing a record $14 billion in DEX trading volume. This figure highlights the growing traction of the network and suggests increasing adoption by both retail and institutional participants. Analysts are interpreting this as a positive sign, particularly in the context of broader market rotations that historically favor robust blockchain ecosystems during recovery cycles [1].

Technical indicators further support a bullish outlook. SUI has recently broken out of a long-term symmetrical triangle pattern and has completed a clean retest of the breakout level, a classic technical signal of potential upward momentum. Analyst Michaël van de Poppe has highlighted this pattern and suggested that SUI is entering a phase where it may be possible to accumulate the asset at a discount, with the potential for significant gains ahead [1].

Other analysts, including “CryptoBullet,” point to potential price targets ranging from $7.60 to $9.00, based on Fibonacci extension levels. Meanwhile, Bitcoinsensus has outlined an even more ambitious long-term projection of up to $14, provided the asset maintains its current trajectory and remains within a well-defined bullish channel [1].

The $4.30 resistance level remains a key focal point for the token. A clean breakout above this level could trigger a sharp acceleration in price, especially if institutional buyers continue to show interest. This is supported by recent developments, such as Mill City Ventures completing a $450 million private placement to launch a dedicated SUI Treasury Strategy, signaling increased institutional confidence in the asset [1].

With SUI currently trading at $3.51—up 2.73% in the last 24 hours and maintaining a market cap of over $12 billion—investors are closely monitoring the next few weeks for signs of a decisive price move. A sustained breakout above $4.30 and a confirmation of the bullish trend would likely trigger renewed momentum across the broader market, particularly in a landscape where capital is increasingly flowing toward high-performance blockchain ecosystems [1].

Source: [1] [Sui (SUI) Enters “Strategic Accumulation Zone” as DEX Volume Hits $14 Billion](https://coinedition.com/sui-enters-strategic-accumulation-zone-dex-volume-hits-14-billion/)