Sui’s TVL Hits $1.8B, Solana’s DEX Volume Surge: Will SOL and SUI Lead the Next Altcoin Supercycle?

Two blockchain giants—Solana (SOL) and Sui (SUI)—are making headlines with noteworthy growth in DeFi activity.

Sui’s Total Value Locked (TVL) hit an all-time high of $1.8 billion, solidifying its place as one of the fastest-growing Layer-1 ecosystems in decentralized finance. This surge highlights growing institutional interest and expanding adoption, making SUI a contender for major price action in the coming months.

Meanwhile, Solana’s decentralized exchange (DEX) volume skyrocketed past $109 billion, fueled by increasing demand for memecoins and high-speed, low-cost trading. With Solana’s ecosystem expanding rapidly and a potential spot SOL ETF on the horizon, investors are speculating whether SOL could challenge Ethereum’s dominance in DeFi.

With record-breaking TVL, surging trading volumes, and upcoming network upgrades, could Solana and Sui be the key players leading the next altcoin supercycle? Let’s dive in.

Solana’s Price Shows Potential for Growth Amid Market Fluctuations

Solana (SOL) is trading between $222 and $265, experiencing a 6% dip over the past week but a 25% rise in the last month and a significant 66% increase over six months. The Relative Strength Index is at 47, indicating a neutral market. The nearest resistance levels are at $290 and $334, while support levels are at $203 and $160. The 10-day and 100-day simple moving averages are close, around $238 and $234, suggesting potential consolidation before a move. The stochastic oscillator is at 15, hinting at possible upward momentum. Despite recent fluctuations, these indicators suggest bullish potential.

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Sui (SUI) Eyes Breakout: Bullish Indicators Suggest Potential 35% Surge

Sui (SUI) is trading between $3.54 and $4.52, showing signs of rising momentum. The RSI is at 60, indicating positive market sentiment. The MACD level is just under 0.05, supporting a bullish outlook. The price is near the 10-day simple moving average of $4.14 and above the 100-day average of $3.86. If Sui breaks above the nearest resistance at $5.16, it could target the next level at $6.14, over 35% higher than current prices. Conversely, support is at $3.22. With a six-month price increase of 584%, Sui has shown strong growth.

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Conclusion

With Sui’s TVL reaching $1.8 billion and Solana’s surge in decentralized exchange volume, both cryptocurrencies present unique opportunities. Sui offers investors a chance to engage with a rapidly growing ecosystem, while Solana’s high-speed transactions and active trading environment make it attractive for traders. For managing these assets efficiently, the NOW Wallet app provides a convenient solution. It ensures privacy and security without requiring registration or holding user funds. The app simplifies crypto management with easy fiat-to-crypto operations, supports storage, and allows instant exchanges of thousands of tokens across major blockchains. Its built-in cross-chain swapping capabilities make diversifying and handling assets seamless for both current holders and new investors.

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