DeFI News by Thebittimes.Com

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A widely followed crypto analyst says that one rival of smart contract platform Solana (SOL) is on the brink of breaking out while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 550,900 followers on the social media platform X that layer-1 blockchain SUI Network (SUI) is one weekly close away from taking off. “SUI is on the cusp of a breakout from its macro triangle. It is one weekly close above the diagonal resistance away from kickstarting trend continuation to the upside. SUI continues to be a leader in terms of metrics across layer-1s, with its TVL (total value locked) is over $2 billion.” Source: Rekt Capital/X According to the analyst, not only is SUI ready to rally to the upside, but it has also overtaken Solana in terms of overall stablecoin transfers last month. “SUI has been consolidating inside this macro market structure for most of 2025, soon to...