Sui Battles Critical $3.10 Support as Institutional Demand Fuels Trader Optimism for Rebound
Sui's price hovers near a make-or-break level as institutional players pile in.
The Support Zone Battle
Traders watch the $3.10 line like hawks—a breach could trigger sell-offs, while holding sparks recovery hopes. This isn't just retail speculation; big money's circling.
Institutional Tailwinds Build
Whale wallets accumulate while traditional finance dinosaurs finally wake up to blockchain's potential. They're late to the party, but their checks clear.
The Trader Psychology Shift
Fear morphs into greed as charts hint at reversal patterns. Shorts get nervous when Wall Street's spreadsheet jockeys start buying what they once mocked.
Market cycles always favor those who understand institutional FOMO—even if banks need a 100-page report to grasp what crypto natives knew at $0.10.
New partnerships drive long-term use cases
Despite the near-term pullback, sui continues to expand its ecosystem with major partnerships that strengthen its institutional and real-world presence.
On Sept. 24, Sui announced a partnership with t’order, the leading table-ordering platform in South Korea, T’order processes $4.3 billion annually and serves 35 million users. Using Sui’s sub-0.5-second transaction speeds and Walrus storage for SAFE loyalty data, the partnership integrates a KRW-pegged stablecoin across 300,000 point-of-sale devices.
A day later, SUI partnered with CUDIS Wellness to bring AI-powered smart rings and health data management onchain. Through Walrus and SEAL, users will own and monetize encrypted biometric data, aligning Sui with the growing wellness sector.
Sui and Google AI also partnered to introduce the Agentic Payments Protocol earlier this month. This system opens up new use cases in DeFi, IoT, and enterprise automation by enabling AI agents to make payments on their own.
Sui price technical analysis
On the daily chart, SUI is trading close to the lower Bollinger band at $3.13, indicating oversold conditions. The relative strength index at 38 is NEAR the oversold zone, while the Stochastic RSI and Williams %R both indicate possible buy conditions.
All of the major SMAs and EMAs, from the 10-day ($3.38) to the 200-day ($3.20), flash sell signals, a bearish sign. Momentum and MACD indicators also lean bearish, showing the trend is still weak.
In the short term, holding above $3.10 support is critical. The $2.90–$3.00 range might be the next target if there is a breakdown. On the upside, the first indication of a potential rebound WOULD be the recovery of the 20-day SMA around $3.46.
