- Sui Dex Volume hit $ 90.79 billion, with social sentiment and dominance that rise sharply.
- Liquidation clusters above $ 3.7 and channel support hints on possible bullish continuation.
Sui’s [SUI] Decentralized Exchange (DEX) activity has experienced considerable growth, with a total volume of $ 90.79 billion from 15 May. This meant a year-to-date increase in the DEX trade volume by 89.88%.
The CETUS protocol in particular only accounted for 58.83% of the total, and positioned it as the dominant player in the ecosystem.
This increase reflected intensive participation in chain, especially on native platforms. At the time of the press, SUI traded at $ 3.72 after a daily decrease of 5.36%, but continues to build the use of the ecosystem.
Retail Buzz is growing, but traders hesitate
Social dominance for sui has risen to 1.24%, while the weighted sentiment has risen to 2.30, according to santiment data. These peaks suggest increasing interest and discussion about SUI through social channels.
Historically, such movements often precede or accompany speculative rallies, especially when they are tailored to the growth of network activity.
Source: Santiment
Sui’s derivatives statistics showed a remarkable cooldown. The derivative volume fell by 19.65% to $ 3.57 billion, while the open interest rate fell by 12.18% to $ 1.61 billion.
This decline was a reduced participation of the trader and a lower speculative positioning. In many cases, this uncertainty or profitable reflects after price volatility.
Can the flat financing percentages ignite a press?
The Binance liquidation map revealed a dense cluster of short liquidations between $ 3.75 and $ 4.00.
Sui’s Per time price for $ 3,709 was just below this region, indicating that a modest upward push could cause short closures.
Cumulative short liquidation lever exceeded 25 million USDT in this zone, which exposed a vulnerability to sudden price peaks.
Source: Coinglass
Despite the price fluctuations, Financing percentages Stay filled. At the time of writing, the aggregated financing percentage was 0.01%.
This flat structure reflected a balanced market, without extreme bullish or bearish bias among leverage traders. Such neutral percentages reduce the risk of sudden reversations caused by livered positions.
Is Sui preparing for an outbreak in his channel?
Sui traded in a clear rising channel on the press, with support near $ 3.53 and resistance around $ 4.58.
The prize recently hit $ 3.72 and floated near the center of the channel. The 9 EMA was at $ 3.95, while the 21 EMA followed a little higher at $ 3.98.
In the meantime, MacD lines showed weakening momentum, with the signal line on -0.0267 and MacD on -0.0385. Although the structure remained intact, Bulls must defend the middle sun to maintain the trend forecast.
Source: TradingView
The rising dex use of sui, increased social sentiment and liquidation potential with short side create favorable conditions for bullish continuation.
However, the weakening of derivative activity and flat financing percentages emphasize a cautious mood for traders.
Whether SUI breaks above $ 3.90 and reclaim the upper channel levels will depend on renewed demand and persistent ecosystem involvement.