SUI cryptocurrency shows growth tendencies due to formation of a reversal pattern and increasing stablecoin supply.
SUI: Reversal Pattern on the Chart
The 2-hour SUI chart has formed an inverse head and shoulders pattern, potentially leading to an upward price move. The neckline is between $2.40 and $2.45, with the price possibly reaching $3.00 following a break above $2.50. However, if the price remains below $2.50, it might drop to $2.10.
Increase in Stablecoin Supply on SUI
Stablecoin supply on SUI has reached $653.312 million, a 39.54% increase since January 2025. FDUSD has surged 900%, reaching $180 million. This increase strengthens SUI's DeFi activity but brings volatility for holders.
SUI ETF: Investor Interest
Canary Capital filed an ETF proposal with the SEC based on SUI, indicating growing institutional interest. Successful approval could strengthen SUI's market position but faces regulatory challenges.
SUI shows potential growth through the reversible pattern on the chart and increased stablecoin supply. Institutional interest, as shown by the SUI ETF, can enhance the network's market position, despite regulatory challenges and volatility.
