Sui price set to soar as funding rate, DeFi assets surge

By: bitcoin ethereum news|2025/05/04 01:15:30
0
Share
copy
Sui price is slowly forming a bullish flag and a golden cross, pointing to a strong breakout as its funding rate turns positive and decentralized finance assets jump. Sui (SUI) token was trading at $3.40 on Saturday, up by 94% from its highest level in April this year. Third-party data shows that Sui has become one of the fastest-growing players in the crypto industry this year. The amount of assets locked in its decentralized exchange network has jumped by 40% in the last 30 days, to $2.45 billion. This growth has made it the 9th biggest blockchain in the industry, bigger than popular networks like Avalanche (AVAX), Polygon (POL), and Cardano. Further data shows that Sui’s stablecoin market cap has jumped to $897 million, meaning that it may soon cross the $1 billion milestone. The number of stablecoins in a blockchain network is a positive sign as it shows that users are actively interacting with it. Further data reveals that DEX protocols on the Sui blockchain are seeing more traction among users. Their total transaction volume stood at over $2.9 billion in the last seven days and $11.2 billion in the previous 30 days. Cetus, Momentum, and Bluefin led the market share in this. Meanwhile, the eight-hour funding rate has turned positive and is pointing upwards, signaling that the price of a perpetual contract is higher than the spot one. It is a bullish sign as it signals that more traders are betting on the price increase. Sui price analysis The daily chart shows that SUI coin has jumped in the past few weeks, moving from a low of $1.7290 on April 7 to $3.4 today. It is slowly forming a bullish flag pattern, a popular continuation sign. Sui token is also forming a golden cross pattern, which happens when the 50-day and 200-day moving averages are about to cross each other. Therefore, the coin will likely have a strong bullish breakout. The next target to watch is $5.395, its all-time high, which is about 60% above the current level. Source: https://crypto.news/sui-price-set-to-soar-funding-rate-defi-assets-surge/

You may also like

Will the STRC issuance price discussed with ChatGPT really fall into a death spiral?

Whether this mechanism is a "stabilizer" or an "accelerator" lies in the upcoming prices and interest rates.

TRON revitalizes the image of the bull, creating a more approachable brand character

From Logo to BoNiu, TRON further enhances its brand visual assets.

How to Trade Apple and Nvidia on a Crypto Exchange in 2026 (Without Buying Shares)

What are Apple and Nvidia stock futures, and why are crypto traders paying attention? Learn how to trade stock futures with USDT, how they differ from buying stocks, and why platforms like WEEX are expanding beyond Bitcoin in 2026.

Exclusive Interview with Strategy CEO: Putting Aside the Sale of 32 BTC, the 60 Trillion AI Intelligence is the Ultimate Fate of Bitcoin

Strategy CEO responds for the first time to the controversy over the sale of 32 bitcoins: testing internal processes and breaking the "death spiral" rhetoric, maintaining long-term holding faith, and revealing how the 60 trillion AI intelligence will reshape the bitcoin trading landscape.

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Overview of Important Market Events on June 22

Morning Report | Secret Network loses $4.67 million due to cross-chain vulnerability; Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings data next week

Overview of Important Market Events on June 21

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com