Sui’s DEX Surge Fuels Potential for 60% Price Rally

While Sui’s price remains below its January peak, a surge in decentralized exchange (DEX) volume offers optimism for a potential bullish reversal. Dexes have propelled the blockchain into seventh place by weekly volume, marking its highest ranking yet this year. This increase is largely attributed to strong performance from key DEX protocols like Cetus, Bluefin, and DeepBook. The growing ecosystem has stabilized Sui’s Total Value Locked (TVL) at $1.26 billion, solidifying its ninth position in the blockchain market. Technical analysis suggests a potential breakout above resistance levels after forming a