SUI’s Bullish Breakout: Analysts Target $6-$10 as Institutional Backing Fuels Momentum

Sui (SUI) has surged 15% in the past 24 hours, trading NEAR $3.95 with $13.6 billion in volume, as bullish technical patterns emerge. Analysts highlight a symmetrical triangle formation that could propel the token toward $6-$10 if it breaches the $4.50 resistance level. VanEck and Lion Group's backing underscores institutional confidence, with RSI and MACD indicators reinforcing upward momentum.

Meanwhile, Remittix gains attention for its real-world payment solutions addressing crypto-to-cash conversion challenges. Market observers anticipate its Q3 performance may eclipse SUI's rally, citing long-term utility as a key differentiator. The project's infrastructure-focused approach contrasts with SUI's speculative momentum, creating a bifurcation in investor strategies.