Is Sui the Next Solana? $1.9 Billion Floods In After Trump’s Surprise Tariff Pause
Sui has gained by 10% in the past 24 hours, with its jump to $2.13 coming after the White House introduced a 90-day pause on higher tariff rates for almost all nations bar China. This respite means that SUI has reversed some of the hefty losses it incurred over previous days, although the altcoin is still down by 7% in a week and by 23% in the past fortnight. Yet with the coin also holding on to an annual return of 37%, and with its 24-hour trading volume spiking to $1.9 billion today, it looks ready to post further recovery gains in the coming days. And when combined with its enviably strong fundamentals, Sui could really make big progress in the coming year, especially if the international trading situation settles further.
Is Sui the Next Solana? $1.9 Billion Floods In After Trump’s Surprise Tariff Pause
Sui’s chart is now in a very promising place, with its indicators showing signs of a strong recovery, and with its resistance (red) and support (green) levels suggesting that a big move could be coming. Its 30-day average (orange) is arguably close to a bottom in relation to the 200-day (blue), implying that SUI should rebound upwards quite soon. 
And given that the coin’s relative strength index (purple) has been below 50 (or lower) since the end of January, it could certainly be on the cusp of strong upwards movement. This will all depend, however, on what happens next in the recently escalating trade war between the US and the rest of the world. While President Donald Trump has seemingly backtracked on blanket tariffs against every other nation, the permanence of any pause depends on negotiations between the US and its various trading partners.
And yesterday also saw a further escalation in the more serious tension between the US and China, with both sides increasing tariffs against the other in recent days. However, if the US does make its pause on tariffs permanent, and if it and China climb down from their tit-for-tat escalation, then we could see a more sustained market recovery in the coming weeks. SUI will be in a very good position to benefit from such a recovery, with its network now the ninth-biggest in crypto in terms of TVL, at $1.19 billion.
Its platform has witnessed a number of launches and integrations recently, while it has even seen an ETF application from Canary in the past month. Based on all this, SUI’s price could return to $3 at some point in May, before reaching $4 by H2.
New Alts Bring Big-Rally Potential
Given SUI’s dependency on wider market conditions, some traders may prefer to look at newer coins that could surge irrespective of the market’s overall mood. This means looking at presale coins, with the biggest and most popular sales often leading to big rallies once the corresponding tokens list for the first time. And one coin with a better-than-average chance of rallying is Solaxy (SOLX), which has now raised $29.6 million in its sale, making it one of the biggest ICOs of the past year.
What’s proving so attractive about Solaxy is that it’s Solana’s first fully fledged layer-two network. As an L2, Solaxy will provide Solana users with faster transactions and lower fees, while it will also enable instant bridging between itself and its parent network. Its team will add compatibility with other chains over time, making it accessible to a bigger number of traders and developers. And given that SOLX will be necessary to pay transaction fees, the coin will benefit from strong demand, particularly when you can also stake it for a passive income.
Investors can still join its sale by going to the Solaxy website, where SOLX is currently selling at $0.00169. This price will rise tomorrow, so traders should act quickly, especially when more price rises are due before the coin lists.