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SUI News Today: Institutions Show Confidence in SUI's Strength as Its Ecosystem Accelerates

SUI News Today: Institutions Show Confidence in SUI's Strength as Its Ecosystem Accelerates

Bitget-RWA2025/11/01 03:34
By:Bitget-RWA

The

token, which serves as the native asset of the Sui blockchain, has once again entered a significant support range between $2.10 and $1.80. This move has sparked renewed optimism among both traders and market analysts, who anticipate a possible rebound fueled by liquidity. Historically, this price corridor has acted as a launchpad for upward momentum, and the token’s ability to maintain this level—alongside signs of increased accumulation and institutional investment—indicates that many market participants see the current downturn as a buying opportunity rather than a sign of weakness, according to a .

On-chain metrics from the past five days show that the SUI ecosystem has attracted net inflows totaling tens of millions of dollars, largely driven by institutional and large-scale investors, as highlighted in the Crypto Economy report. This influx aligns with the token’s technical outlook, where the $2.35 mark (at the latest update) presents an appealing balance of risk and reward, even as broader economic uncertainty persists. Analysts point out that the durability of this support zone, together with Sui’s technical strengths—such as near-instant finality and parallel transaction processing enabled by the Move language—positions the network for ongoing expansion, the report states.

SUI News Today: Institutions Show Confidence in SUI's Strength as Its Ecosystem Accelerates image 0

SUI’s underlying fundamentals are being further strengthened by the network’s growing ecosystem. Adoption by DeFi projects, gaming applications, and NFT platforms is increasing, which boosts both the utility and demand for the Sui network. This foundational growth, along with recent milestones like the SUI ETF application by 21Shares and the introduction of new stablecoins from

Holdings, further supports the token’s long-term potential, according to the Crypto Economy report.

Still, technical signals are mixed. Although SUI is currently trading below its 20-, 50-, and 200-day moving averages—a bearish indicator—momentum oscillators such as the RSI (33.91) and Stoch RSI point to oversold conditions and the possibility of a bounce, according to a

. The market is also preparing for a major event: a $103 million token unlock scheduled for November 1, 2025, which could introduce short-term price swings and test investor resolve. Viktoras Karapetjanc from Traders Union notes that surpassing the $2.5692 resistance would indicate a reversal in trend, but warns that if the $2.1349 support fails, further declines could follow.

Overall, analysts are maintaining a cautiously optimistic stance. The convergence of strong price support, institutional backing, and ecosystem growth sets the stage for a potential rally toward the $20 mark, though risks from broader economic factors and shifts in market sentiment remain, as outlined in the Crypto Economy report. For now, attention is centered on whether SUI can stabilize above its crucial support range—a development that would reinforce the bullish outlook and likely attract additional capital.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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