$SUI
Gaining Momentum — Is $5 Within Reach This Month?
Currently trading around $3.92, SUI is maintaining solid support above the $3.50–$3.60 range following a strong upward move that has attracted market attention. The recent rally is driven by three main factors:
1. Growing Institutional Participation
Swiss banks such as Sygnum and Amina now provide regulated custody, trading, and lending services for SUI, paving the way for increased institutional liquidity.
2. Expanding DeFi Ecosystem
SUI’s Total Value Locked (TVL) has increased significantly, rising from $1.56 billion to $2.27 billion within two weeks. This growth is fueled by lending platforms, decentralized exchanges, and synthetic assets gaining traction.
3. Positive Technical Indicators
Price action shows a bullish ascending triangle pattern alongside EMA crossovers on higher timeframes. A decisive breakout above $4.10 may trigger a rally toward the $5 level.
Why Target $5?
A move to $5 represents approximately a 27% upside from current prices, which is plausible given the ongoing momentum. The upcoming post-halving period historically favors mid-cap altcoins like SUI.
What’s Your Take?
Do you expect SUI to reach $5 before the end of the month? Comment your prediction — the closest forecast will receive a follow for future trade insights.