SUI DEX activity surges 89% – But why are traders still hesitant?

• SUI dex Volume hit $ 90.79, with social sentiment and dominance grow sharply.
• Liquidation clusters above $ 3.7 and channel support suggest a possible bull continuation.

On [SUI] The activity of the decentralized stock exchange (DEX) has seen significant growth, with a total volume reached from 15 May 90.79 billion. This meant 89.88% year -on -year increase in the volume of dex trading.

In particular, the CETUS protocol itself was 58.83% of the total and placed it as a dominant player in the ecosystem.

This increase reflected the reinforced participation in the chain, especially in native platforms. During the press, SUI traded for $ 3.72 after $ 5.36%, but the use of the ecosystem continues to be built.

Retail Buzz is growing but traders hesitate

Social dominance for SUI, according to Santiment, climbed to 1.24%, while the weighted sentiment rose to 2.30. These tips indicate growing interest and discussion around SUI across social channels.

Historically, such movements often precede or accompany speculative assemblies, especially if they are in line with the growth of network activity.

Sui’s derivatives metric showed a remarkable cooldown. The volume of derivatives fell by 19.65% to $ 3.57 billion, while the open interest fell by 12.18% to $ 1.61 billion.

This decline has been signaled by reduced trader participation and lower speculative location. In many cases, this reflects uncertainty or profit after prices.

Can flat funding rates press?

The Binance liquidation map revealed a thick cluster of short liquidations between $ 3.75 and $ 4.00.

The price of SUI printing for $ 3.709 was sitting just below this region, indicating that a modest ascending pressure could cause forced short closure.

The cumulative lever with short disposal has exceeded 25 million USDT in this zone, revealing the vulnerability of sudden price tips.

Through price fluctuations, Financing rates Stay subdued. At the time of writing, the aggregated financing rate was 0.01%.

This flat structure reflected the balanced market, without extreme bull or bear distortion among lever traders. Such neutral speeds reduce the likelihood of sudden reversals caused by excessive positions.

Is SUI going to escape within his channel?

SUI traded inside a bright upward channel at the time of printing, with a support of nearly $ 3.53 and a resistance of around $ 4.58.

The price recently touched $ 3.72, floating near the center of the channel. 9 EMA sat at $ 3.95, while 21 EMA watched slightly higher to $ 3.98.

Meanwhile, the MACD lines showed weakening momentum, with a signal line to -0.0267 and MacD to -0.0385. While the structure remained intact, the bulls must defend the middle zone to maintain the continuation of the trends.

SUi growing use of DEX, increased social sentiment and on the short side of liquidation potential create favorable conditions for the bull continuation.

However, weakening of derivative activities and flat financing rates emphasize a cautious mood among traders.

Whether SUI breaks above $ 3.90 and the regeneration of the upper channels will depend on the renewed demand and the permanent involvement of the ecosystem.