SUI Token Gains Momentum with Swiss Bank Integration and Potential $6.7 Rally
SUI, the native token of the Sui blockchain, has surged 5.05% in the last 24 hours and 17.79% over the past week, currently trading NEAR $3.94 with a $2.26 billion trading volume. This rally follows Sygnum Bank's announcement as the first Swiss financial institution to offer comprehensive custodial, trading, and staking services for SUI—marking a significant milestone in institutional adoption.
Technical analysis indicates a bullish cup-and-handle pattern forming. A breakout above the $4.00 resistance level could potentially drive SUI toward the $6.77–$6.79 target range. With a market capitalization now at $9.23 billion, this reflects growing investor confidence in this LAYER 1 blockchain solution.