3 Crypto on the SUI Network that Traders Are Keeping an Eye on!

Jakarta, Pintu News – The proverb “A rising tide lifts all boats” aptly describes the current state of the crypto market, where the rise of Bitcoin (BTC) has helped push up other altcoins. One of the beneficiaries is the crypto tokens in the SUI network.

As of April 23, 2025, three tokens in the SUI ecosystem have been analyzed to show which coins are worth keeping an eye on this week, as well as their potential to post gains.

Walrus (WAL)

WAL has experienced a significant gain of 22% in the last 24 hours (23/4/25), now trading at $0.504. This spike was driven by increased market volatility throughout this month.

Read also:Top 3 USA Crypto Ready to Boom – The Next Big Winners?

On Wednesday (23/4), WAL is looking to break the resistance level at $0.505 for the second time this month. If successful, the upward trend is likely to continue.

If WAL is able to break and hold above $0.505, the price could potentially head towards the next resistance level at $0.547. However, to maintain this upward momentum, investor confidence and stable market conditions are important factors.

If the price manages to break $0.547 consistently, the SUI ecosystem token could be pushed up to $0.600, further strengthening the positive sentiment.

Conversely, if WAL fails to break $0.505, the price risks dropping back to $0.447. This drop would test the strength of the previous upward momentum and could invalidate the bullish outlook.

If the selling pressure continues and the price drops below $0.447, WAL could plummet further to $0.389-which would be a major setback for the token.

DeepBook (DEEP)

DeepBook (DEEP) has also seen tremendous growth with a 116% spike in the last 24 hours, briefly trading at $0.194 (2/4). This increase makes DEEP the best performing token in the SUI ecosystem.

The altcoin shows strong potential and is expected to break the $0.230 level in the near future, indicating a bullish outlook.

If DEEP manages to cross the $0.230 level, it will be the highest achievement in the past two and a half months and strengthen the ongoing uptrend.

Before continuing its rise towards $0.304, DEEP may test the support level at $0.170. If this support holds, the rally could continue with positive sentiment and potential further growth in the SUI ecosystem.

However, if market sentiment changes and investors start profit-taking, DEEP risks losing support at $0.170.

If the price drops below this point, a further decline towards $0.128 is likely. This would invalidate the current bullish outlook and could be a significant setback for the token.

Read also: DeepBook Crypto Skyrockets 2x in Just 24 Hours – Is DEEP About to Shatter Its All-Time High?

Cetus Protocol (CETUS)

Not to be left behind, the price of CETUS surged by 38% in the last 24 hours (23/4), reaching a two-and-a-half-month high of $0.142. This significant increase shows that there is strong momentum on the altcoin.

On Wednesday, CETUS attempted to maintain its position above $0.142 to make this level a strong support for further upside potential.

The next major resistance level for CETUS is at $0.150, which is an important obstacle in continuing the uptrend.

If CETUS manages to break this level, the bullish outlook of the token in the SUI ecosystem will further strengthen and help secure the gains already made. Positive market sentiment and steady demand will be key factors in the success of this breakout.

However, if CETUS fails to maintain support at $0.142, the altcoin is at risk of dropping to the $0.131 level. If the selling pressure continues, the price could drop further to $0.120, which would invalidate the current bullish scenario and be a sign of a potential trend reversal.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. SUI Ecosystem: Tokens to Watch This Week. Accessed on April 24, 2025