SUI Retests Strong Support Zone Eyeing Bounce Toward $20

Key Insights:

• SUI trades at $2.34 with high volume, as traders await a bounce toward the $20 resistance target.
• SUI sees $26 million in net inflows over five days, signaling possible accumulation near support.
• Developers expand the Sui ecosystem in DeFi, NFTs, and gaming, boosting long-term network utility and growth.

Sui (SUI) is once again testing a key support area between $2.10 and $1.80. This zone has previously triggered upward price moves. Market watchers are now observing whether another liquidity grab could push SUI higher, with some traders suggesting a possible move toward $20.

SUI Eyes $20 as Strong Inflows Support Price Surge

SUI has entered a strong support zone between $2.10 and $1.80. Traders are watching closely for a possible price bounce, similar to past moves. If liquidity returns to this zone, the SUI token could aim for higher levels. The token is eyeing a similar bounce, with targets pointing toward $20 if bullish momentum builds again.

SUI has seen $26 million in net inflows over the past five days, according to data shared by MarcShawnBrown. This trend may reflect increased interest from institutional or high-volume retail buyers. Rising inflows can often indicate accumulation in key price zones.

These figures suggest strong interest around current price levels, even while the token trades lower today. However, broader market volatility may still affect short-term movements. SUI is currently priced at $2.34, with a 24-hour trading volume above $1.29 billion. The token has declined by 6.11% in the past 24 hours, showing short-term volatility.

Ecosystem Growth Continues in DeFi, Gaming, and NFTs

Meanwhile, the Sui blockchain is gaining attention across several sectors, including DeFi, gaming, and NFTs. Developers are building more applications on the network, supported by its Move-based smart contracts. This technology is designed to offer fast transactions and efficient scalability.

As more projects launch on Sui, the network may attract more users and liquidity. Developer activity has remained strong, which could improve Sui’s overall utility. Growth in real usage may also influence future price trends, though that depends on wider adoption.