SUI Crypto’s Active Addresses Double As Liquidations Surge

SUI crypto has tested a descending trendline three times but faced rejection each time.

However, traders are now aiming a potential 16% rebound to $3.40, which could mark a significant shift in momentum.

Currently, SUI plays around $2.99, with strong support near $2.63. The trendline, acting as resistance, has prevented upward movements, but a breakout could fuel a rally.

If SUI breaks past this level, bullish sentiment could strengthen, pushing the price toward $3.40.

Moreover, SUI daily active addresses on SUI have nearly doubled compared to Base, highlighting growing network activity. Increased liquidations also suggest heightened volatility, which may lead to a decisive move.

If bulls take control, SUI crypto could finally escape its downward trend. With technical indicators aligning and investor interest rising, the coming days will be crucial.

Will SUI break free and surge, or will it face another rejection at resistance? The next move could define its trajectory.

SUI Daily Active Addresses

SUI’s network activity is surging, with daily active addresses reaching 1,677,247 on February 24, 2025.

This figure nearly doubles BASE’s active addresses, which stand at 866,318.

This rapid growth showed increasing engagement, suggesting SUI is gaining traction in the competitive blockchain space.

Momentum is building as SUI crypto consistently outperforms BASE in user activity.

A rising number of active addresses indicates growing adoption, network expansion, and possibly stronger demand.

If this trend continues, SUI crypto could cement itself as a leading blockchain platform.

Furthermore, increased participation often leads to higher transaction volumes, which can drive price appreciation and overall market confidence.

The spike in daily active addresses reflects not just speculative interest but real utility and engagement within the ecosystem.

With growing momentum and user participation, SUI’s network effect could continue strengthening, making it a strong contender in the blockchain race. Will this trend push SUI’s value even higher?

SUI crypto Long/Short Liquidation Ratio

SUI is experiencing a surge in liquidations, increasing market volatility and potentially setting the stage for a bullish reversal.

Recent data shows a sharp spike in both short and long liquidations, signaling intensified market activity. This shift could indicate an upcoming breakout.

On February 26, total liquidations peaked at over $4.29 Million, highlighting increased speculative trading.

The SUI crypto price fluctuated around $3.00, showing signs of resilience despite market turbulence.

Short liquidations, represented in red, saw major spikes, suggesting traders betting against SUI were forced to exit positions. This often fuels upward momentum as buy orders increase.

Additionally, higher volatility suggests traders are positioning for the next big move.

If buying pressure continues, SUI crypto could break resistance levels and confirm a bullish reversal.

Further liquidations could push SUI toward a stronger uptrend. Will this surge in volatility lead to a sustained rally? The next few days will be crucial for SUI’s price action.