The price surges of cryptocurrencies TRX and SUI are drawing the interest of investors and traders. Blockchain activity and key support levels confirm likely changes in the market.
TRX: Growth Signal Amid Rising Volumes
The TRON (TRX) cryptocurrency has increased by about 3.9% over the past day, trading near $0.29. This was driven by a significant increase in USDT issuance and on-chain activity. Tether minted $1 billion USDT on the TRON network on June 9, indicating a growing demand for cheap, fast transactions.
At the same time, the number of active addresses surged by over 60% in a week, while the on-chain transaction volume exceeded 8 million per day, suggesting genuine user engagement. Although decentralized exchange volumes did not increase in sync, large OTC purchases helped boost TRX's technicals and confidence.
SUI: Support at $2.13 and Growth Prospects
The Sui (SUI) cryptocurrency recently tested a key support level at $2.13, a level that has historically triggered reversals. The market is trading around $3.26, with a clear path outlined from $2.13 up to $3.95 and eventually $5.88 if bullish pressure returns.
The MACD shows fading bearish momentum while the RSI remains neutral, indicating that downside risk is easing. Traders should monitor whether SUI holds above $2.13 on upcoming retests.
Overview of Prospects in Web3 ai
Web3 ai is rolling out a comprehensive AI toolkit in the crypto space, including tools for portfolio optimization and risk analysis. There are expectations for significant growth in interest and use of this product. The token issuance price at $0.000422 offers potential users an opportunity to participate in a project that is becoming increasingly relevant in the context of current trends.
The analysis of current changes in the TRX and SUI markets shows that these cryptocurrencies are at a tipping point supported by increasing activity and technical indicators. Investors are monitoring key levels that could determine future trends in the market.
