$SUI DEX volume is now 3x of $APT , but on the price front… - AMBCrypto Analytics
The recent crypto market surge has highlighted a significant divergence in the performance of Sui Network (SUI) and Aptos (APT). SUI’s trading volume reached an impressive $28 billion, tripling APT's volume of $9.4 billion. This surge in SUI's activity signals increased market confidence and liquidity, possibly driven by its superior technology or investor sentiment compared to Aptos.
Despite this, both tokens experienced upward price movement, with SUI rising 8% to $3.18 and APT gaining 1% to $12.24. However, SUI saw a 22% drop in trading volume, while APT’s volume fell nearly 60%. SUI’s price action remains bullish, having broken out of a bearish channel in August and maintaining upward momentum. A breakout above the long-term moving average suggests SUI could approach the $4 mark in the near future.
On the other hand, Aptos' price reversal indicates a potential for further gains, with higher resistance levels possibly testing the $15 range. Aptos, with over 8 million monthly users, is also making strides towards institutional adoption, launching the world’s first staking ETP on the SIX Swiss Exchange. This could bolster its market position in the coming months.