Sui Price Shows Signs of Recovery Amid Improved Liquidity and Investor Confidence
Sui’s price is hovering around $2.82, showing a 3.6% increase in the past 24 hours. This suggests a potential recovery after a volatile week.Despite a 20% weekly correction,the token has gained 24% in the past month.
Trading activity has slowed, wiht daily volume at $1.78 billion, down 29% from the previous day. Though, this could indicate traders are quietly opening new positions, signaling growing anticipation.
Stablecoin market cap on sui has surged 19% in a week, reaching $1.1 billion. This growth reflects increased trust in the network’s decentralized finance ecosystem and a greater need for on-chain liquidity.
On October 9, the network’s total value locked hit a new high of $2.63 billion. Decentralized exchange trading volume also reached $7.92 billion, up from $4.8 billion the previous week. These figures suggest increased participation from both institutional and retail investors.
A key development came on October 14 when Sui partnered with Figure Technology Solutions to bring YLDS, a yield-bearing and SEC-registered stablecoin, onto the network. This integration allows users to convert assets like USDC into yield-generating tokens via DeepBook, Sui’s decentralized trading platform.
Sui’s roadmap includes two native stablecoins, suiUSDe and USDi, expected to launch by the end of 2025.These assets will use Ethena’s infrastructure and BlackRock’s tokenized money market fund.
Technically, SUI’s daily chart shows early signs of stabilization.The relative strength index is near 39, indicating the token is approaching oversold conditions. While short-term momentum is positive, the MACD remains in negative territory, suggesting bearish pressure. Key resistance levels are at $3.00, $3.16, and $3.29. If SUI holds above $2.60, it could move toward the $3.10–$3.20 range.A break above $3.35 could lead to a move toward $3.80.
