SUI's price is consolidating between $0.80 and $1.00 despite a sharp rise in user activity, including daily active users and new accounts nearing 800K. This divergence shows strong network interest but weak price response, placing SUI at a critical support zone. Momentum indicators suggest weakening bearish pressure, but a confirmed breakout above $1.50 is needed to signal a true recovery and potential move toward $2.00–$2.20. Until then, SUI remains in a wait-and-watch phase where sustained user retention and demand will be key to future price direction.
Sui has announced that the Hashi Global testnet will launch soon, featuring native Bitcoin as collateral within its DeFi ecosystem. This development could allow Bitcoin holders to use BTC directly in Sui-based decentralized finance applications witho...
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