The post SUI Holds Key Demand Zone as Bulls Defend Support Near the $1.12 Level: What`s Next? appeared on BitcoinEthereumNews.com. Key Insights: SUI trades at $The post SUI Holds Key Demand Zone as Bulls Defend Support Near the $1.12 Level: What`s Next? appeared on BitcoinEthereumNews.com. Key Insights: SUI trades at $

SUI Holds Key Demand Zone as Bulls Defend Support Near the $1.12 Level: What`s Next?

3 min read

Key Insights:

  • SUI trades at $1.14 as bulls protect key support zone, while downside risk looms near $1.00 level.
  • DeFi TVL drops to $724M, but high DEX volume shows ongoing user activity amid market decline.
  • Grayscale’s GSUI ETF filing boosts investor interest as the token’s safety-focused Move language gains traction.
The Token Holds Key Demand Zone as Bulls Defend Support Near the $1.12 Level: What`s Next?

SUI is showing stability near a critical demand zone between $1.12 and $1.14. As traders monitor this range, the next price move could decide short-term direction. The current token price is $1.14, with a 24-hour trading volume of $620 million, and a decrease of 1.01% in the last day. Despite market pressure, trading volume remains high, suggesting continued participation from both buyers and sellers.

Support Zone Holds, But Pressure Builds Below

SUI is holding above a key technical zone around $1.12–$1.14. This area has attracted demand in recent days. According to BitGuru, if bulls continue to defend this range, the next resistance sits near $1.25–$1.30, followed by $1.36–$1.40. 

A move above these levels could open space for further upside. If the support does not hold, traders are watching $1.05–$1.00 as the next possible downside targets. 

This zone could act as a second base. A break below $1.00 would mark a shift in short-term structure and could attract more selling. The coin has been fluctuating within these zones while the wider crypto market also trades sideways.

DeFi Activity Slows While Trading Volume Stays Active

However, the total value locked (TVL) in the Sui network has dropped. It now stands at $724.38 million, compared to a $2.7 billion peak in 2025. While this shows a lower capital base, it does not reflect a lack of activity.

SUI DeFi Activity | Source: DeFiLlama

Daily decentralized exchange (DEX) volume is holding near $150.91 million. This suggests active user trading continues even as funds move out of the system. Many traders are watching to see if this activity will support a longer recovery.

ETF Filing Sparks Institutional Interest in SUI

However, Grayscale’s filing for a SUI-based ETF (GSUI) has drawn attention from larger investors. The company recently amended its S-1 form for the ETF. This move suggests growing institutional interest in the SUI ecosystem. 

“The ETF could help establish a new institutional floor,” said a post from @Altcoinbuzzio.

The token uses the Move programming language, which has gained support for its focus on safety. As more smart contract platforms face security issues, developers are considering alternatives like Sui. This has added to the token’s growing reputation in the Web3 space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/sui-key-demand-zone-bulls-defend-support/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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