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SUI Nears $4.00: Can Bulls Overcome Exhaustion for a Run to $10?

2025-07-14 17:50:34

SUI Nears $4.00: Can Bulls Overcome Exhaustion for a Run to $10?

Main Idea

Sui ($SUI) price has surged 18.2% in 24 hours to $3.96, with analysts projecting a potential 2x–3x upside ($8–$10) driven by institutional interest, technical upgrades, and growing ecosystem activity.

Key Points

1. Sui's price reached $3.96 with a market cap of $13.68 billion and a 177.5% spike in daily trading volume to $2.5 billion.

2. Nasdaq filed a 19b-4 application to list a spot SUI ETF in partnership with 21Shares, signaling institutional interest.

3. Technical upgrades in March 2025, including WebAuthn-based passkeys and zkLogin, aim to lower barriers to entry and enhance usability.

4. Sui's Total Value Locked (TVL) hit a new peak of $2.201 billion, reflecting growing ecosystem activity, with partnerships like Threshold and BTCfi boosting liquidity.

5. Technical indicators show bullish momentum, with RSI above 70 and strong derivatives data, though profit-taking near $4.00 could trigger a short-term pullback.

Description

The Sui ($SUI) price has grown 18.2% in the past 24 hours to trade at $3.96 as of July 14, with a market capitalization of $13.68 billion and daily trading volume spiking 177.5% to $2.5 billion. Analysts now project a potential 2x–3x upside ($8–$10) during this cycle, driven by institutional interest and ecosystem growth. Source: CoinGecko Can ETF Momentum and Technical Upgrades Fuel a Rally to $10? The project reached a major institutional milestone when Nasdaq filed a 19b-4 application to list...

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