SUI Primed for Major Rally? Analyst Predicts $10 Breakout Target as Institutional Interest Surges

Sui (SUI) is staging a recovery, rallying 7.4% intraday as institutional interest in the ecosystem grows. The cryptocurrency is attempting to reclaim the $3.90-$4.00 resistance zone, a critical level that has capped gains for weeks. A breakout here could signal further upside, with some analysts eyeing a $10 target.

The altcoin has been range-bound between $2.33 and $4.00 since Q2, briefly touching a seven-month high of $4.44 during July's market rally. Despite multiple attempts, sui has struggled to sustain momentum above $4.00. The recent pullback saw a 27% drop from local highs before buyers stepped in, driving a 20% rebound from August lows.

Grayscale Investments fueled Optimism with the launch of two new SUI ecosystem products—the Grayscale DeepBook Trust and Grayscale Walrus Trust. This follows the firm's earlier Grayscale Sui Trust, which triggered a 44% rally upon announcement. Institutional adoption continues to be a key catalyst for SUI's price action.