Sui Advances Nearly 10% on Powerful Bullish Momentum

Sui Rallies Nearly 10% on Fresh Network Developments and Market Momentum

Sui (SUI), the native asset of the Sui blockchain, surged almost 10% over the past 24 hours, climbing from $2.94 to a peak of $3.40, driven by rising market interest and recent ecosystem upgrades.

During the latest session, SUI traded in a range between $2.94 and $3.24, with a $0.34 swing reflecting 11.5% volatility, according to CoinDesk Research’s technical analysis. Trading volumes spiked notably around the $2.99 and $3.10 levels, signaling significant institutional activity and helping establish these points as important support zones.

Resistance emerged at $3.27, where SUI faced selling pressure and a modest reversal. However, support held steady around $3.20–$3.21 late in the trading day, hinting at accumulation that could fuel another push higher.

The token’s rally follows the recent launch of Threshold Network’s tBTC on the Sui blockchain. tBTC, an ERC-20 token backed 1-to-1 by bitcoin, could potentially add more than $500 million in BTC liquidity to the Sui ecosystem, further boosting its appeal for decentralized finance applications and investors alike.

Sui has now secured a place among the top five layer-1 blockchains by market activity. Its daily trading volume has increased roughly 135%, far outpacing the broader crypto market’s average rise of 52%, according to data from Coinbase. Over the past year, SUI has soared more than 340%, significantly outperforming the CoinDesk 20 Index, which posted a gain of only 2.8% during the same period.