The SUI price chart highlighted a strategic positioning above a significant exchange volume area, illustrating the cryptocurrency’s potential to recapture the $5 mark.
This area, dense with trading volume, has historically acted as both support and resistance, making it a key focal point for future price movements.
This “Liquidation Range” zone suggests that a break above this level could trigger short-term rallies, further pushing the SUI price higher.
The current price trajectory, where SUI crypto recently touched highs near $5, seems likely to continue pushing above this threshold.
The volume profile suggested heavy accumulation in this zone, highlighting market interest and potential support at these levels.
Moreover, the Fibonacci retracement levels plotted across the chart lend analytical weight to the $5 target.
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Specifically, the retracement level of 0.786 at around $4.7026 closely matches the recent highs, reinforcing the importance of this area as a resistance zone.
If SUI decisively breaks through this barrier, a path towards $5 becomes increasingly likely.
If achieved, it could catalyze a more significant rally, potentially pushing prices towards $10 in the coming quarter, depending on broader market conditions and investor sentiment that continue to favor altcoins.
SUI leveraged orders
Analyzing the SUI crypto liquidity heat map, it is clear that the $4.60 zone remains critical. Historically, this level has held significant leverage orders, and now faces potential liquidation risks if prices rise above this mark.
The current pattern of trading around this zone confirmed its importance as a key area. Volumes jumped near $4,473, indicating significant buying interest just below the liquidation risk zone.
This pattern has often preceded higher volatility as traders react to the proximity of these levels.
If the SUI continues to fight this resistance, a break above $4.60 could trigger a quick price rally, given the density of stop orders likely placed around this threshold.
Conversely, a failure to break this barrier could see the price pull back towards the lower liquidity zones near $4.20, where there is less resistance. This is crucial for traders, highlighting potential entry or exit points based on prevailing liquidity.
The hottest zones around $4.60 are radiating red, indicating large volumes of transactions that could dictate short-term price movements.
As the SUI approaches these zones, the market’s response could indeed trigger a significant rally, potentially pushing prices towards and beyond the $5 mark in the short term.
Perpetual DEX TVL pushes SUI price
SUI crypto Perpetual DEX has seen impressive growth in Total Value Locked (TVL), reaching $100 million, reflecting a 450% growth over two months.
This significant increase started from a base of around $18 million in early November 2024. The sharp jump in TVL, especially in December, indicated increased activity within the platform.
As TVL climbed, it peaked right at the end of the year, setting a new high for the exchange.
This rise indicates the potential for further expansion and may foreshadow an upcoming rally if the trend continues.
In the memecoin race, SUI LOFI has emerged as a major player, capturing 46% of the market share in December.
This surge in LOFI’s popularity was the highlight of a month that witnessed significant fluctuations in the meme coin sector.
The total TVL in the SUI crypto network has skyrocketed by $81.8 million, registering a growth of 450% in just two months, showing the explosive growth of investor confidence and market participation.
This rapid accumulation, which culminated in nearly $100 million in TVL by early January, reflects a vibrant and growing ecosystem likely fueled by the success and adoption of leading tokens.
