Sui (SUI) fluctuates 32.9% in 24 hours: breaks through March consolidation with institutional OI and on-chain activity

Volatility Overview

In the past 24 hours, SUI's price surged from a low of $1.0641 to a high of $1.4139, currently at $1.3397, with a fluctuation of 32.9%, and an intraday increase exceeding 20%. Trading volume soared to approximately $868 million, on-chain TVL climbed to $591 million (up 4% on the day), and DEX trading volume reached $158 million.

Brief Analysis of the Reasons for Market Movement

• Price broke through the March consolidation pattern, accompanied by a surge in open interest (OI), directly pushing the daily high.

• Ongoing CME futures institutional interest and stablecoin inflows reached $570.9 million, supporting on-chain activity.

• TVL and DEX volume rose simultaneously, reflecting capital inflow back into the ecosystem.

Market Views and Outlook

The community's mainstream sentiment is bullish, viewing $1.10 as breakout confirmation with targets at $1.20–$1.32, emphasizing CME OI and payment stack catalysts. Analysts caution about TVL compression and token unlocking risks, highlighting the need to maintain support at $1.05.