- SUI gains 40% after confirming trend reversal, surpassing major tokens AVAX and LINK in total market capitalization rankings.
- Trading momentum increased sharply as SUI broke resistance near $2.60, supported by technical strength and rising market volume.
- The breakout signals renewed investor interest as SUI climbs to 11th in market cap with strong institutional and retail participation.
SUI has rallied over 40% in the past week, trading near $2.99 as of writing. The token has broken out of a prolonged downtrend, supported by rising institutional activity and strong technical confirmation.
SUI Breaks Downtrend and Climbs in Market Rankings
SUI has officially broken its multi-week downtrend and gained nearly 40% following the breakout. The asset’s strong price movement has allowed it to overtake Avalanche (AVAX) and Chainlink (LINK), securing the 11th position in global market capitalization rankings.
This upward move followed a consolidation phase near the $2.02–$2.19 support zone. The breakout above the $2.60 resistance level confirmed bullish momentum. The current trading activity is reinforced by increased volume, supporting the trend reversal and rising market confidence.
Grayscale Trust Launch Adds Institutional Weight to SUI
Grayscale has introduced a dedicated trust for SUI, indicating growing institutional interest in the asset. The launch adds a regulated investment option for traditional firms looking to gain exposure to the SUI ecosystem.
Technical charts indicate this upward move. Confirmation is provided by a bull crossover between the 9-day and 21-day moving averages as prices have rallied recently. Concurrent with this is a strong upward crossover in the MACD with an expanding histogram in the positive zone, indicative of ongoing buying interest.
Increased Market Participation as Trading Volume Rises Sharply
The recent breakout has been accompanied by increased market chatter and participation. SUI’s trading volume has reached nearly $2.88 billion within 24 hours, pointing to a surge in both retail and institutional engagement.
This spike in volume supports the bullish price movement, indicating demand-driven momentum. Market watchers are now observing resistance zones in the $3.20–$3.50 range. If current sentiment continues, further upward movement could be tested in the near term.
SUI ETF Registration in Delaware Marks Institutional Expansion
21Shares has officially registered a SUI-based exchange-traded fund (ETF) in Delaware. This marks an expansion of institutional avenues for accessing SUI through regulated financial products in the United States.
The ETF registration signals further growth of SUI’s presence in traditional markets. It enhances the token’s accessibility and confirms broader interest from established financial entities. The addition of an ETF offering adds to the institutional credibility that SUI is building during this current market cycle.
