SUI is one of the few altcoins resilient to recent downturns, holding steady for the week with a 0.5% gain—making its claim to the “best crypto to buy” conversation.
The next wave of Trump’s “tariff war” plans has put recession fears back in focus—Goldman Sachs has raised its 12-month recession probability from 20% to 35%.
Against the bearish backdrop, Sui ranks among the highest gainers today, with a 9.5% surge backed by a 35% surge in trading volume to $1 billion.
The altcoin has weathered inflationary pressures with today’s $151 million token unlock, navigating a potential sell-off.
Why is SUI Still Growing?
This resilience is fuelled by fundamental growth within the Sui ecosystem. The network has reached 110 million total accounts, up 69% throughout March.
The stablecoin market capitalization on SUI has grown from $370 million in December to $688 million as of April 1—ecosystem utility is expanding.
However, retail liquidity has dried under heavy market FUD. The Total Value Locked (TVL) in the SUI ecosystem has fallen from a January peak of $2.08 billion to around $1.2 billion.
Despite this, monthly trading volume on Sui-based decentralized exchanges holds strong at $5.98 billion.
SUI Ecosystem TVL, DEX volume, stablecoin market cap. Source: DeFiLlama.
SUI Price Analysis: Is Sui Set to Explode?
The SUI price is primed for further upside following a breakout from the descending channel that has guided its decline since the new year.
SUI / USDT 3-day chart, descending channel breakout. Source: Binance.
If the breakout holds, the pattern sets a target around $3.70, marking a potential 50% gain from current levels.
This scenario seems credible as the MACD line nears a golden cross, surpassing the signal line—a historically bullish move that has preceded significant upward moves.
The Relative Strength Index (RSI) has also adopted a slight uptrend after nearing the oversold threshold at 30 earlier this month, indicating growing buying pressure.
However, if momentum falters, immediate support sits at a long-term zone around $2, where buyers may attempt to defend the trend.
This ICO Helps Hedge Against Altcoin Decline
Any trader hedging their risk likely features Bitcoin (BTC) as a major part of their portfolio, especially as the altcoin market continues to fall.
While Bitcoin provides stable gains, it often sacrifices upside potential—that’s where Bitcoin Bull (BTCBULL) comes in, offering a fresh way to capitalize on BTC tailwinds.
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The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter.
With some analysts forecasting BTC highs of $250,000 this cycle, BTCBULL could become a Bitcoin Maxi’s best friend.
With over $4.3 million raised in its initial 8 weeks, the project is already gaining strong momentum—potentially credited to its 97% APY on staking that rewards early investors.
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The post Is Sui About to Explode? While the Market Crashes, This Coin Quietly Climbs appeared first on Cryptonews.
