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SUI Price Analysis: Bullish Momentum Builds as DEX Volume Hits September High
SUI Price Analysis: Bullish Momentum Builds as DEX Volume Hits September High
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui (SUI) price surged above $3.80 on Thursday, bouncing back from a crucial support level as on-chain metrics and derivatives data indicate strengthening bullish momentum. The token's decentralized exchange volume reached $561.63 million this week—marking its highest level for September—while positive funding rates confirm long positions are dominating market activity.
Technical analysis suggests the upward trend could continue toward the $4.44 resistance level. The open interest-weighted funding rate hit 0.0091%, reflecting traders' strong preference for long positions amid improving market structure. This development coincides with Sui's ecosystem showing sustained liquidity inflows and heightened trader engagement.
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