- WAL shows strong momentum with rising volume, but faces resistance at $0.5300
- DEEP surges 10% on 98% volume spike, but low circulating supply may bring risk
- BLUE gains in price, yet zero volume signals inactivity and major liquidity concerns
As the Sui blockchain matures, several tokens have started to capture traders’ attention through technical strength and notable momentum. Among them, $WAL, $CETUS, $DEEP, $BLUE, and $NS stand out with distinctive market behaviors and on-chain dynamics.
Each token reflects a different aspect of growth, liquidity, and community interest. While some show robust breakouts and rising volume, others raise caution due to inactivity.
WAL: Sustained Momentum with Growing Interest
WAL has gained traction, currently trading at $0.5272 with a daily increase of 4.65%. Volume is up by over 42%, which supports the bullish move. The price remains on an upward trajectory, bouncing off strong intraday support at $0.4949. Short-term buyers have shown commitment near $0.5150–$0.5200.
WAL/USD daily price chart, Source: TradingView
However, resistance near $0.5300–$0.5320 continues to challenge further gains. A breakout above this band may drive the token toward $0.55. The healthy volume-to-market cap ratio of 3.45% signals steady interest, although only 27% of tokens are circulating leaving room for future volatility.
CETUS: Efficient Breakout with Tight Supply Control
Cetus Protocol ($CETUS) is trading at $0.1237 after posting a 5.82% gain. Despite a 7.64% volume dip, the price held strong, suggesting efficient upward movement.
CETUS/USD daily price chart, Source: TradingView
The $0.1152 level remains a solid base, while $0.1260–$0.1270 continues to reject upward attempts. A clean move past that level may open the door to $0.13.
With 80% of the supply already circulating, the risk of dilution is low. Additionally, the volume-to-market cap ratio of 28.57% points to a highly active market.
DEEP: Strong Breakout with Expanding Participation
DeepBook Protocol has emerged as a breakout performer, jumping nearly 10% to $0.1612. Volume surged by almost 98%, making this move especially notable. The $0.1446 low acted as a springboard, while short-term support now lies between $0.1540–$0.1560.
DeepBook/USD daily price chart, Source: TradingView
Sellers have held the line at $0.1650–$0.1660. Breaking through this range could send the token toward $0.17. With only 32% of its supply in circulation, future unlocks could impact the price.
NS: Bullish Spike Meets Consolidation
Sui Name Service ($NS) rose by 6.94% to $0.1769, with a high of $0.185. However, trading volume dropped nearly 20%, showing reduced momentum. Price is now consolidating between $0.175 and $0.180.
Sui Name Service/USD daily price chart, Source: TradingView
Support rests at $0.1626, while the recent high at $0.185 remains the critical resistance. This pattern suggests a potential buildup before the next move.
BLUE: Price Moves but Market Sleeps
BLUE saw a minor price increase of 3.84% to $0.0003336. However, its 24-hour volume remained at zero. This suggests no active trading and raises liquidity concerns.
With 100% of tokens in circulation, it offers no inflation risk but also no investor activity. Until volume returns, the token remains effectively dormant.
