Home Altcoins Sui price consolidates above $3.50 as inflows tick up

Sui price consolidates above $3.50 as inflows tick up

12
0


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