SUI Surpasses 500 Million Transactions, Eyes $2.17 Resistance

SUI, a rising Layer 1 blockchain, has achieved a remarkable milestone by surpassing 500 million transactions in 2025, outpacing major competitors such as Ethereum and Bitcoin. This significant achievement underscores the growing interest and adoption of SUI, particularly in the decentralized finance (DeFi) sector. The platform's efficiency and user-friendly interface have attracted a rapidly growing user base, including developers, investors, and decentralized applications (dApps).

This milestone is not just a symbolic achievement but a clear indication of real usage, activity, and demand within the SUI ecosystem. The open interest on SUI has climbed to $318.1 million, reflecting heavy trader interest and a bullish sentiment among analysts. According to analysts like CryptoMichNL, the momentum within the DeFi space could fuel a bullish breakout above $2.17, and potentially beyond.

On April 18, the trading day for SUI/USDT began with bearish momentum as sellers initially controlled the market, driving the price down. However, a golden cross on the MACD indicator at 06:45 UTC signaled a shift in momentum, leading to an upward trend as buyers gained control. By 08:20 UTC, the price entered an overbought condition, suggesting a potential pullback. The RSI indicated an oversold situation at 15:30 UTC, leading to a brief price stabilization at $2.0951. At 19:30 UTC, a death cross on the MACD suggested bearish pressure, and the price began to decline. By 23:15 UTC, the RSI was oversold again, reinforcing the downtrend before the market entered April 19th.

On April 19, the price began with bullish momentum, fluctuating within a moderate range. If buyers continue to dominate, SUI could break the current resistance at $2.1707, with an eye on $2.2200. Conversely, if the trend reverses and sellers take control, the price may dip below $2.0951 and test the support at $2.0500. The outcome will depend on market sentiment and momentum.

Beyond the price charts and indicators, the exploding demand for SUI is evident. Investors are not just watching but preparing to move in, as the massive transaction count proves that SUI is being used organically. This kind of growth is rare in the crypto space and often signals something big on the horizon. Combined with a rising Long/Short ratio and surging open interest, SUI appears primed for a bullish breakout.

As of now, all eyes are on the $2.17 resistance level. If SUI can punch through and hold that zone, the path to $2.20 and beyond is wide open. If it fails, there is still strong support ready to catch it, but the momentum is clearly building. In a market that often chases trends too late, SUI might be the one quietly preparing to lead the next wave. This isn't just another token milestone; it could be the spark before SUI catches fire.