SUI recorded an impressive $373.5 million in daily trading volume during the latest market update, placing it ahead of established Layer-1 rivals like Avalanche (AVAX), TON, Aptos, and Polygon. The surge in volume underscores growing trader interest in the Sui network, even as price action took a negative turn.
Despite the strong volume, SUI failed to hold the critical $0.80 support level. The breakdown has shifted trader attention toward lower price areas, with the next significant support zone identified between $0.55 and $0.65. Market watchers from the community, including accounts like Sui Insiders, noted a possible wick toward $0.50 if volatility increases. This bearish price development has created a mixed picture: high activity but weakening technical structure.
In parallel, prominent crypto analyst K A L E O emphasized that the bear market reveals which projects are genuinely building. The analyst highlighted Sui’s ongoing development and technological advancements as a positive signal for long-term adopters, noting that such innovation frequently occurs during downturns. This sentiment reflects a broader belief that blockchain projects with strong builder activity could benefit when market conditions improve.
While the token currently trades below $0.80, the high trading volume suggests that many traders are actively repositioning. For holders, patience remains key as the market tests lower supports. New buyers might eye the $0.55–$0.65 range as a potential accumulation area, though risk management is essential given the weak market structure.
