🔵 $SUI

Rallies 5% as Sui Network Unveils Native Stablecoins During Market Upswing

SUI, the core asset of the Sui blockchain, jumped 5% on Wednesday following news that the project will launch its first native stablecoins, USDi and suiUSDe.

This update comes as market confidence in SUI strengthens, with the token outperforming the broader crypto sector. The CoinDesk 20 Index — tracking major digital currencies — rose 2.5% over the same period.

SUI advanced from $3.42 to $3.58, breaking past the $3.56 resistance level and forming new support at $3.55, supported by increasing trading activity. Technical indicators highlight strong bullish momentum.

The surge is fueled by signals of institutional participation. Coinbase Derivatives is preparing to introduce SUI futures on October 20, paving the way for more professional investors to engage with the token.

Retail adoption is also gaining traction. In South Korea, **t’order**, a restaurant-focused payments platform, integrated SUI to enable local currency transactions through a won-backed stablecoin. This move triggered a spike in trading activity, pushing volume beyond average daily levels during Asian hours.

Technically, SUI has been consolidating within a $0.19 band between $3.39 and $3.58. A sharp early-session volume surge of 10.87 million tokens surpassed the 10.44 million daily norm, signaling notable accumulation. Chart patterns show higher lows — a classic indication of a sustained uptrend.

If upward pressure continues, SUI could challenge the $3.60 psychological level. At present, it stands out as one of the market’s top performers, powered by ecosystem progress and stronger institutional involvement.

#SUI #Suinetwork