- SUI eyes recovery as it holds the $2.26 support, with potential upside toward $2.50 if momentum builds within the ascending channel.
- Stablecoin transfer volume on SUI hit $73.85B, surpassing TON’s $49.46B, signaling rising adoption and network confidence.
- SUI’s controlled price movements and strong investor interest suggest resilience, with stablecoin growth reinforcing its market position.
Ali noted that if SUI maintains its position above the channel support at $2.26, a move toward the $2.50 resistance trendline could follow. This observation comes as SUI/USDT on Binance trades within an ascending channel on the 4-hour timeframe.
Between March 11 and March 18, SUI followed an upward trend, reaching a peak of $2.48 before facing resistance at the channel’s upper boundary. It then retraced toward the midline, experiencing volatility with sharp price swings. Recently, it declined to the lower boundary but rebounded slightly. On March 21, it traded around $2.2751, reflecting a minor gain of 0.15%.
SUI’s Price Action and Market Trends
The current movement signals a potential recovery, as the price rejected the lower boundary of the channel. Besides, SUI remains within its ascending structure, showing resilience against downside pressure.
Moreover, the ascending channel remains intact, suggesting a controlled market environment despite fluctuations. Additionally, higher trading activity reflects strong investor interest. If momentum builds, SUI could challenge the $2.50 resistance soon.
Stablecoin Transfer Volume: SUI vs. TON
SUI’s network continues gaining traction in stablecoin transactions. On March 21, its total transfer volume reached $73.85 billion, outpacing TON, which recorded $49.46 billion. The data highlights SUI’s increasing dominance in stablecoin settlements.
SUI’s transfer volume was relatively low until late 2024. However, it surged sharply, maintaining a stronger position than TON throughout 2025. Consequently, this rapid increase indicates growing adoption and confidence in the network. Additionally, TON followed a similar trend but at a slower pace.
Furthermore, SUI’s expansion suggests that its infrastructure supports greater transaction efficiency. The widening gap between SUI and TON signals higher demand for SUI-based transfers. Besides, the ongoing growth in stablecoin usage further strengthens the network’s position in the market.
