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SUI price surges! 146% volume spike, bulls eye $5.

28.07.2025 09:54

Sui (SUI), a prominent cryptocurrency, experienced a remarkable price surge, climbing 14% within a 24-hour period to reach $4.26. This significant upward movement shattered a prolonged period of consolidation, marking a decisive break for the asset.

Contributing to this dramatic rise was a breathtaking 146% spike in trading volume, reaching a staggering $2.25 billion. This exceptionally high volume strongly suggests robust interest from both institutional investors and individual traders, indicating significant confidence in the cryptocurrency's future prospects.

Further bolstering the positive sentiment surrounding SUI was the acknowledgment by the Securities and Exchange Commission (SEC) of a filing for a Sui exchange-traded fund (ETF) submitted by 21Shares. This development ignited considerable speculation within the market, fueling expectations of increased regulated institutional investment in the digital asset.

Technical analysis adds another layer of bullish support, revealing the formation of a classic "cup-and-handle" pattern on the SUI price chart. This well-established chart pattern is often viewed as a strong indication of an impending upward price movement, suggesting potential price targets even beyond the current $4.26 level. Many analysts are now projecting a potential climb towards the $5 mark, driven by the confluence of these positive factors. The combination of price action, volume increases, regulatory developments, and technical indicators paints a picture of considerable bullish momentum for SUI.