SUI Shows Strength at $3.50 Support as DEX Volume Hits $1.4B in July

Sui's SUI token is holding strong above the $3.50 support level during current market consolidation. The LAYER 1 blockchain saw $1.4 billion in DEX volume in July, sparking speculation of a potential breakout toward $7.

Technical analysts point to the $2.63-$2.79 range as a key accumulation zone that has historically preceded bullish reversals. Growing institutional interest matches increasing on-chain activity, with Sui's ecosystem fundamentals strengthening during this consolidation phase.

The token's performance aligns with broader crypto market stabilization, with traders closely monitoring the $3.50 level as a critical pivot point. Following July's rally and subsequent correction, Sui appears positioned for potential upward movement, a pattern typical of strong blockchain ecosystems during accumulation periods.