SUI cryptocurrency is showing impressive results despite recent corrections. Its metrics outperform competitors, highlighting its potential.
Potential Wedge Breakout
SUI was trending in a declining wedge on a 4-hour chart, which often indicates a potential upward reversal. Recently, SUI broke out of the wedge at $2.60 after previously hitting a high of $5.50. The upper resistance of the wedge decreased from $5.50 to $2.50, while the lower support strengthened from $1.50 to $2.00. A break above the resistance at $2.50 suggests active buying pressure, possibly pushing the price to $3.00. However, if SUI does not hold above $2.43, it may revert to $2.20, indicating a false breakout.
SUI Crypto On-Chain Analytics
SUI has overtaken Injective in total transactions year-to-date. By mid-January, SUI reached 100 million transactions, while Injective only hit 80 million. By March 1, SUI was at 300 million transactions, surpassing Injective by 20 million. SUI's consistent lead in transaction count reflects growing user adoption, attracting more developers and projects.
SUI and TON Compete in Stablecoin Transactions
Since early 2024, SUI has outpaced TON in total stablecoin transaction volume. By August, SUI reached $20 billion, while TON was at $15 billion. By November, SUI surpassed the $40 billion mark, leading by $10 billion over TON. In March 2025, SUI hit a record of $60 billion, significantly ahead of TON. This underscores SUI's importance in the stablecoin ecosystem, attracting other DeFi projects.
SUI cryptocurrency shows steady growth and active use, outperforming its main competitors in key metrics, making it an attractive option for further study and analysis.
