Live SUI/USD Chart

[[SUI/USD-graph]]

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Following its announcement of Bitcoin compatibility via Sui Bridge, Sui (SUI) has seen amazing trading activity and price movement, therefore representing a major milestone for the Layer-1 blockchain network.

Ahead of established networks like Avalanche and Polygon, the network ranks sixth in blockchain size based on daily trade volume of $615 million.

Bitcoin Integration Sparks Sui Rally

The revelation by the Sui Foundation that Sui Bridge would now assist bundled Bitcoin transfers from Ethereum has sparked a notable market reaction. Exceeding $600 million, the integration has helped drive the total value locked (TVL) on the Sui network back to pre-market crash levels. Together with more general market recovery, this trend has helped to explain a 15% rise in SUI token prices.

Market Resilience

SUI has demonstrated remarkable resilience in the face of recent market challenges, including:

• A significant token unlock of 64.19 million SUI on February 1
• A $2 billion market crash triggered by Trump tariffs
• Technical resistance levels and broader market volatility

SUI/USD Technical Analysis

SUI’s technical indicators show a conflicting picture even with recent increases. Though trading volume has dropped by 53%, the token is now trading around $3.61 and shows a 5.4% growth in the last 24 hours. Technical analysis reveals:

• Formation of a bullish cup and handle pattern suggesting potential upside
• Strong resistance at $4.20, coinciding with the 200 EMA on the four-hour timeframe
• Critical support at $3.35, with risk of decline toward $2.97 if breached
• Ichimoku Cloud indicators showing bearish setup, with price trading below the cloud

Market Sentiment and Institutional Interest

With exchanges showing outflows of over $45 million worth of SUI tokens in the previous 48 hours, on-chain evidence points growing institutional interest. With Binance’s SUIUSDT Long/Short ratio of 1.80, which shows that 64% of top traders have long positions, trader mood is optimistic.

Sui Price Prediction

Some experts, including Jason Pizzino, warn of possible downside risks to $1.60 or less should support near $2 fail to hold; others highlight strong fundamentals and rising acceptance as engines of possible upside. SUI’s immediate difficulty is surpassing the $4.20 resistance level; if successful, potential targets are $5.