AltcoinsSui price consolidates above $3.50 as inflows tick up

Sui price consolidates above $3.50 as inflows tick up

-


Sui Token

  • Sui recorded approximately $3.5 million in net inflows last week.
  • Investors have injected over $138 million into Sui-related digital asset products.
  • Bulls could ride institutional demand and overall market tailwinds to target a new all-time high.

Sui (SUI) price is showing signs of a potential breakout as bulls stabilise above the $3.50 threshold.

Increased capital inflows, signalling renewed institutional interest, add to the overall bullish picture for SUI.

Sui holds a key level amid $3.5 million in capital inflows

The crypto market’s sharp bounce in the past week has Sui price poised above $3.50 and eyeing an upward continuation.

Meanwhile, the Sui ecosystem has recorded a modest yet encouraging uptick in investment activity.

According to CoinShares, approximately $3.5 million in net inflows poured into SUI-linked funds and products over the past seven days.

This comes as demand for institutional-grade exchange-traded products (ETPs) and venture-backed staking pools surges sharply.

Investors looking to position with Sui have injected over $138 million into related digital asset products and funds, with assets under management rising to $348 million.

While Bitcoin and Ethereum dominate with billions of dollars in weekly inflows, the overall bullish sentiment is helping smaller coins.

A lot of this is down to treasury strategy moves and exchange-traded funds anticipation, while macro tailwinds strengthen the push for more gains in the fourth quarter.

The $3.5 million inflows point to Sui’s appeal among institutional investors.

SUI price: is a new all-time high next?

SUI’s price action has entered a textbook consolidation phase.

Over the past weeks, the token has traded between $3.52 and $3.65, with a market capitalisation hovering around $13.1 billion and daily volume near the $1 billion mark.

As per CoinMarketCap data, this metric stood at around $997 million at the time of writing on Monday.

The altcoin’s stability comes after a 13% rally in the past week that has bulls retesting a key resistance zone.

Notably, technical indicators paint a bullish picture, with the relative strength index (RSI) sitting at 56, neutral yet trending upward.

Bids are also concentrated near the middle line of the Bollinger Bands, having seen a significant bounce off the support line.

Sui Price
Sui price chart by TradingView

Bullish catalysts for Sui include accelerating network growth and a supportive broader crypto market outlook.

Analysts expect substantial upside for Bitcoin, with some projecting a move toward $126,000.

Such an advance could trigger a broader sector rally, fueled by capital rotation and renewed risk appetite.

“Traders short October calls are rolling higher toward 126k–128k as $BTC keeps grinding up,” said analysts at QCP Group.

“The move shows conviction in sustained upside into month-end, with the market leaning on supportive macro stories and seasonal strength.”

A confluence of factors, including sustained inflows and strong technical momentum, could position SUI to retest its all-time high above $5.35, last seen in January.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Solana Price Holding Steady: Are Bulls Finally Back?

What is going on today in the crypto world? What is Solana Price up to, and what are...

FriendTech now a ghost town as revenues fall 99.9%

During the first month of Coinbase’s Base on mainnet, FriendTech was its most popular app. Today, its fees...

Animoca Brands Secures ADGM FSRA in‑principle Approval for Fund Management

Animoca Brands receives in‑principle FSRA approval to operate as a regulated fund manager in ADGM. Animoca Brands announced...

Advertisement

Solana price shows signs of bounce: $131 support holds line

Solana price is flashing a daily...

Hayden Davis finally has access to $58M in USDC

Hayden Davis finally has access to $58M worth of USDC, two weeks after a US judge dissolved a...

Must read

Solana Price Holding Steady: Are Bulls Finally Back?

What is going on today in the crypto...

FriendTech now a ghost town as revenues fall 99.9%

During the first month of Coinbase’s Base on...

You might also likeRELATED
Recommended to you