@SuiNetwork narxiSui

The $SUI price has rebounded from the $1.8 to $2.1 zone, an area analysts identify as a significant demand and accumulation level. This movement has drawn attention to its potential for a sustained recovery. Technically, the price is observed to be in a re-accumulation phase within a broader range. While currently trading around $2.09, analysts note that a confirmed breakout could initiate a longer-term upward trend. Some charts suggest a potential pattern that, if it follows historical set-ups, could lead to significant price increases. Key resistance levels to watch are identified at $3, $3.63, and $4.34, with a move above the latter seen as a strong bullish signal. Indicators like the MACD have recently shown a bullish crossover. Fundamentally, the recent merger with Bluefin is viewed as a positive development for institutional growth, potentially building trust with professional investors. The combination of technical patterns and ecosystem developments forms the basis for a long-term optimistic forecast among some analysts, with a projected target of $20. However, the price is still within a broader channel, and its ability to hold key support levels will be critical for this outlook.

Bluefin has formed a strategic partnership with SUI Treasury Management Company SUIG to accelerate the institutional on-chain transaction ecosystem.

🔥 LATEST: Sui treasury company SUI Group partners with Bluefin, lending 2M $SUI tokens for 5% revenue share to boost institutional adoption of on-chain trading.

Buy signal confirmed on $SUI Sustained buying pressure here could push it to $3 or even $4.

When $SUI breaks out of a major downtrend, it rips. Last two times we saw 50%+ gain within a week. It just happened again. Run it back.