SUI Shows Resilience Amid Market Volatility: Can It Reach $100?

SUI demonstrates strength despite market turbulence, even with a 14% weekly drop. The token has been trading between $2.71 and $2.92 over the past 24 hours, facing resistance at $2.82 before settling NEAR $2.75. Traders are eyeing a potential breakout as open interest drops 40% from its peak of $2.05 billion to $1.19 billion.

Technical analysis points to possible upward targets at $2.93 and $3.50 if bullish trends return, while falling below $2.40 could lead to further declines. The sui ecosystem remains active, with $398 million in 24-hour DEX volume highlighting strong DeFi engagement.

Experts note Sui's rapid growth, especially in stablecoin adoption, making it a standout among LAYER 1 blockchains. The network's fundamentals seem disconnected from short-term price movements, setting the stage for potential future gains.