DeepBook price explodes by 75% in the course of the Sui increase
DeepBook price explodes by 75% in the course of the Sui increase
- The price of DeepBook has increased by 75 % in the last 24 hours and leads the top winners among the most important cryptocurrencies.
- The technical view indicates a bullish momentum after an outbreak over $ 0.21.
- The growth in the SUI ecosystem and the wider market assembly could continue to go up.
Deep, the native token from DeepBook on SUI, has been shot by 75 % in the last 24 hours and benefits from a wider increase in Bitcoin and in the Sui ecosystem.
At the time of writing, the token is traded at about $ 0.22 after reaching a high of $ 0.23 after exceeding the important level of resistance of $ 0.21. This explosive price movement underlines the growing trust of investors in the role of Deepbook as a fundamental level of liquidity for the aspiring defi ecosystem of Sui.
Why the price of deepbook increases
Several factors drive the remarkable increase from deep.
first, Deepbook consolidates its position as the backbone of the Sui defi stack and offers a centralized limit order book (Clob) with high throughput and low latency for on-chain trading.
Secondly, the entire growth of the SUI ecosystem drives the value of deep. The entire blocked value (TVL) from SUI recently exceeded the $ 2 billion mark, which has doubled from $ 1 billion in just three months, as a report from January 2025 shows.
Since more liquidity flows into SUI, DeepBook records a larger proportion of trade fees and the influence of governance, which increases the benefits and demand for deep $ deep.
In addition, integrations with prominent defi protocols such as cetus and aftermath have led a significant trading volume through deepbook, which further reinforces.
DeepBook price forecast: what's next?
While investors are looking for another Layer 1 winner such as Solana, many focus on the Sui ecosystem.
This is reflected in most metrics such as TVL, monthly volume of decentralized stock exchanges (Dex) and growth in decentralized finance (Defi).
deep is developing into a large attraction in this ecosystem. His listings on stock exchanges of the animal 1 category increase the excitement.
The outlook for deep remains optimistic, supported by both fundamental and technical factors.
The ability of the token to stay above important levels signals a strong conviction of the buyers. In the meantime, the broader growth of the Sui defi ecosystem offers a solid basis for continuing momentum.
From a technical point of view, the price of DeepBook has achieved a decisive reversal of its previous downward trend. With another buyer interest, which indicates a change in the market structure, the outbreak over $ 0.2 could offer the basis that the bulls need to achieve higher goals.
If Deep can maintain its current course, he could test the next resistance at around $ 0.25 at short notice. However, traders should pay attention to possible volatility, since overbought conditions could lead to temporary consolidation.