SUI Surges Past $2.85 Resistance as Institutional Demand Fuels Rally

Sui (SUI) has broken through the $2.85 resistance level, currently trading at $2.92 with strong bullish momentum. Technical analysts note a flag pattern forming, indicating a potential upward MOVE toward $3.20. This outlook is reinforced by whale accumulation and the asset's sustained position above key moving averages.

The LAYER 1 blockchain now supports more than 100 decentralized applications (dApps), with decentralized exchange volume exceeding $90 billion. Institutional interest is growing rapidly, highlighted by Nasdaq's recent filing for a potential spot SUI ETF—a clear sign of increasing mainstream adoption.

Market structure shows compression around $2.90, suggesting heightened volatility ahead. A decisive breakout above $3.00 could accelerate gains, with $3.20 emerging as the next major technical target.