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- SUI network emerges as the top performer, outpacing Aptos and SEI.
- SUI Perp DEX flips one of the largest Solana Perp DEXs in trading volume.
- SUI price consolidated below the $4 mark and was looking for a rebound.
Sui (SUI) crypto marked a significant achievement by surpassing Aptos and SEI. Over the past year, from January 2024 to January 2025, SUI Network experienced a remarkable surge in trading volume. It reached an astounding $48 Billion.
However, its peers, Aptos and SEI, reported significantly lower volumes of $11.57 Billion and $2.93 Billion, respectively. The substantial difference highlighted SUI’s dominance in both its performance and market popularity.
However, the SUI price action conveyed a different narrative from the overall market dynamics. It has been hovering below the $4 mark around the 100-day EMA mark.
The SUI coin was trading at $3.77 at press time, noting a decline of over 4.90% in the past 24 hours. Its market cap stood at $11.32 Billion, ranking 16th in the overall crypto market.
The substantial rise in trading activity represented the potential to boost the SUI price. This created opportunities for immediate and long-term stability.
The ongoing expansion of the network, together with new technological developments, demonstrated a strong potential for dominance over competitors. Moreover, it indicated a rising market share, which signals a promising future for investors and users alike.
SUI Vs. SOL: Who’s Winning the Perp DEX Volume Race?
The SUI Perp DEX achieved higher trading volume than the major Solana Perp DEX during January 2025. This indicated its rising position within the DEX space.
SUI’s DEX volume was reported at $5.57 Billion, while Solana-based DEX volume was reported at $4.55 Billion. This disparity highlighted that traders favored SUI Network substantially as they shifted preferences and liquidity flowed towards the platform.
Volume growth on SUI’s DEX showcased both short-term speculative behavior and long-term market engagement. This has the potential to support the SUI price rally ahead and indicates its position in the DEX market.
SUI Price Prediction: What Traders Should Watch Next?
According to CryptoBullet, the SUI price has retested the 100-day EMA. Furthermore, it has given an opportunity for a long trade.
Per the price action, it could spark a sharp upward move and may reach $6.5 in the coming sessions. However, the SUI coin was at a pivotal moment, and there were hints at market indecision as it hovered around the 100-day EMA mark.
The daily RSI sank below the neutral line and signaled a slight bearish momentum. Additionally, this conveyed a fight between the bulls and bears to gain dominance.
A break above $4.28 could signal a bullish trend continuation and could pave the way toward the $5 and $6.50 ahead. At the same time, a break of the SUI price below $2.30 might indicate further bearish momentum and could slip toward the $2 mark.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
