SUI Network, ranked 20th among cryptocurrencies, shows signs of recovery amid growing interest from institutional investors and active trading volume growth.
Increased Interest in SUI After ETF Filing
The current price level of the SUI token is $2.57, which is 7.26% higher than in the last 24 hours. This occurs amid Nasdaq's filing for a 21Shares ETF for SUI, attracting the attention of both institutional investors and speculators. Recent reports state that the 24-hour trading volume exceeded $1.23 billion, resulting in a trading volume increase of over 300%.
Technical Analysis of SUI and Predictions
The technical picture for SUI shows confirmation of a bullish structure after breaking the resistance level at $3.11. This creates targets in the range of $3.50 to $3.60. However, some experts warn that if support around $2.50–$2.80 proves insufficient, a retracement down to $1.85 is possible.
Innovations and Development of Sui in the Crypto Space
Sui, developed by a team of former Meta engineers, utilizes the Move programming language and the Mysticeti consensus mechanism, providing robust scalability and security features. Recent achievements of Sui include the announcement of a partnership at Korea Blockchain Week 2025, demonstrating its ambition to play a significant role among blockchain projects on the global stage.
SUI Network shows significant growth and active development; however, market uncertainty persists. Institutional investor interest, ETF filings, and technological innovations could contribute to the project's future success.
