Stablecoin Reserves

SUI has rallied nearly 20% in the past 24 hours, with trading volume climbing as short liquidations pressure bearish positions. Technical traders are watching a potential move toward $1.42, though Sui’s on-chain fundamentals remain weaker than major peers.

Sui is under renewed pressure after breaking below a key support level while trading activity surged sharply. Weak network usage, falling app fees, and a bearish technical setup have left traders watching whether SUI can avoid a deeper slide toward $0.55.