SUI surged 16.59% in a single day as trading volume expanded 94.28% to $1.73 billion, nearly doubling alongside the price advance. The network recorded 125,038 active addresses, 12,551 new addresses, and processed 41.44 million transactions over 24 hours. Sui’s DeFi TVL stood at $551.65 million, up 0.34%, as ecosystem liquidity remained firm during the rally. The token broke above its extended descending channel after reversing from the $0.6578 support level, with the next technical target at $1.3295 before a possible move toward $2.00. Technical indicators including the Parabolic SAR and DMI confirmed the bullish setup, with ADX at 20.75 leaving room for directional strength to expand.
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