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

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.