- Sui blockchain leads with $37.5M stablecoin inflows, signaling rising demand.
- Arbitrum faces $65M outflow, highlighting potential capital migration concerns.
- RSI and MACD suggest potential bullish momentum for Sui in upcoming sessions.
In the past 24 hours, the Sui blockchain ($SUI) has witnessed an impressive surge in stablecoin inflows, outperforming every other blockchain in the market. With a substantial $37.5 million influx, this spike in activity signals heightened demand and increasing interest in the Sui ecosystem. While other prominent networks like Tron and Solana have also experienced notable inflows, Sui’s performance stands out as the highest in recent times.
However, the picture is less optimistic for networks like Arbitrum, Ethereum, and BNB Chain, which have seen significant outflows. Notably, Arbitrum faced a $65 million loss, indicating possible capital migration or a decline in investor sentiment.
$SUI saw the highest stablecoin inflows among all blockchains, with an increase of $37.5 million in the last 24 hours. pic.twitter.com/nHofKb93r9
— ToreroRomero (@Torero_Romero) April 5, 2025
Sui Price Movement: Recent Trends and Key Levels
The price of Sui ($SUI) currently stands at $2.25, reflecting a 3.41% increase over the past 24 hours. This price action suggests a steady recovery following a period of volatility. The asset initially saw a sharp upward movement, which was followed by minor corrections before settling into its current price range.
Looking at the daily price range, the asset tested its support level around $2.175, which held firm throughout recent fluctuations. Additionally, the price surged to approximately $2.31, forming a clear resistance zone. This pattern indicates strong market activity and suggests that Sui is in the process of consolidating around these key levels.
Support and Resistance Analysis
On the downside, Sui’s most significant support zone rests at $2.175, the lowest point reached in the last 24 hours. This level is critical in preventing further declines. Another notable support level lies at $2.20, a psychological price point that often provides resilience during pullbacks.
On the resistance side, Sui has faced challenges in pushing past the $2.30 to $2.31 range. Multiple attempts to break above these levels have been unsuccessful, highlighting strong resistance. A mid-range resistance at $2.27 also proved significant, as the price struggled to maintain momentum beyond this point before retracing.
Market Indicators: RSI and MACD Signals
The Relative Strength Index (RSI) for Sui stands at 43.13, placing it in neutral-to-bearish territory. While the index is below 50, indicating a lack of strong bullish momentum, it is gradually increasing. This subtle rise suggests that bullish sentiment may be starting to build.
The Moving Average Convergence Divergence (MACD) is also showing signs of potential bullish momentum. The MACD line is currently at 0.0034, with the signal line at -0.0910.
Though the histogram has turned slightly positive, the convergence of the MACD lines hints at the possibility of a bullish crossover in the near future. If confirmed, this could signal further upside potential for Sui.
