SUI Price Surges 55% This Week: Key Levels to Watch as Institutional Interest Grows
The SUI network is gaining institutional traction as its native token SUI breaks out of a multi-week downtrend, now targeting new all-time highs. The asset has surged 55% this week to $3.29, outperforming top 20 cryptocurrencies with an 11% daily gain.
Futures open interest reveals significant capital inflows - skyrocketing 21% to $1.29 billion from $491 million in just six weeks. This derivatives activity indicates sophisticated money entering Sui’s ecosystem, though the compressed trading volume data suggests potential for increased volatility ahead.