Switzerland's attention shifts toward reclaiming historic highs in its market, following a 7% daily surge. Is a significant upward trend imminent?
The decentralised cryptocurrency SUI has been making waves in the crypto market recently, with net inflows of $3,852 on the most recent day and a steady TVL (Total Value Locked) of $2.116 billion as of September 18, 2025.
The price of SUI has been moving within a tight range for several weeks, forming a clear support structure. This support range, between $2.33 and $2.00, acted as a strong base earlier in the year. Interestingly, SUI has shown signs of growing interest from buyers, as it has formed a series of higher lows in recent weeks.
Crypto analyst Rekt Capital has stated that SUI is on the cusp of breaking out from a downtrending channel. This sentiment is shared by analyst Michaël van de Poppe, who noted a "great consolidation before a big breakout" in SUI. If SUI successfully breaks out and holds above the top of the downtrend channel, it may revisit the old All Time High area near $5.35.
However, if the breakout fails, SUI could move back to support near $3.40. Below this level, the next support range for SUI is between $2.33 and $2.00.
The trading volume for SUI in the last 24 hours was over $1.7 billion, reflecting the increased interest in the digital asset. Notably, SUI gained 7% in the last 24 hours, reaching $3.83.
Google's Agents Payments Protocol is built by Mysten Labs, the team behind SUI. The institution that has entered into a partnership with SUI is Paxos, which plays a role in the SUI network by supporting the community through mechanisms such as token buybacks to build trust and encourage participation within the ecosystem. This partnership helps align user, developer, and institutional interests within the SUI network.
Analyst Kaleo has made a bold prediction about SUI breaking out and making a run for all-time highs versus BTC. If this prediction comes to fruition, it would mark a significant milestone for the SUI cryptocurrency.
As always, it's important to remember that the cryptocurrency market is volatile and investments should be made with caution. Keep a close eye on SUI as it continues to make moves in the market.
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