Sui Defies Crypto Winter as Stablecoin Resurgence Nears Record Highs

Move over, Bitcoin—Sui’s chart is printing green while ’stable’ coins stage their comeback tour. The Layer 1 blockchain keeps climbing as the stablecoin market cap flirts with its 2021 euphoria peak. Guess even crypto needs training wheels sometimes.

Bullish momentum holds despite macro headwinds. Traders pile into Sui’s ecosystem as its parallel execution engine chews through transactions. Meanwhile, Tether and friends balloon back toward $180B—proving once again that crypto’s favorite crutch never really goes out of style.

Watch for volatility ahead. When stablecoins pump, altcoins often follow. Just don’t call it a ’flight to quality’ unless you enjoy hedge fund lies with your morning coffee.

At 76, the relative strength index shows that the market is overbought. This does not necessarily indicate a reversal of the trend, but rather a potential short-term cooling. The next psychological level is close to $4.50 if bulls break through the resistance at $3.95.

Support on the downside is located at $2.70 and $3.51. A deeper retracement towards the $2.00–$2.20 range might be triggered by a break below these.