bullish

DeFi

Onyxcoin

<p><a href="https://captainaltcoin.com/buying-sui-now-why-analysts-compare-it-to-solana-at-40/" target="_blank">SUI has entered</a> a critical phase as it tests an important trendline, signaling a decisive moment for its future price movement. The crypto is at a critical support level, and how its price moves over the next several days will determine whether or not its bullish structure holds.&nbsp;</p> 
<p>According to an analysis shared by InvestingHaven, maintaining support above this trendline is key to the projected targets for 2025, which range from $4.40 to $8.80. However, failure to hold this support could signal a shift in market sentiment, potentially altering the asset’s short-term outlook.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="478" src="https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-1024x478.jpeg" alt="" class="wp-image-630504" srcset="https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-1024x478.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-300x140.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-768x358.jpeg 768w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-1536x716.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-2048x955.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-322x150.jpeg 322w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-100x47.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-750x350.jpeg 750w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g-788x367.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2025/02/GjLiTttbUAAKc7g.jpeg 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a href="https://x.com/InvestingHaven/status/1887834948117442646" target="_blank" rel="nofollow">InvestingHaven</a>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="strong-sui-s-price-tests-key-support-area-strong"><strong>SUI’s Price Tests Key Support Area</strong></h2> 
<p>The price of SUI, trading at <a href="https://www.coingecko.com/en/coins/sui" target="_blank" rel="nofollow">approximately $3.34</a>, is hovering near a trendline that has historically provided support during recent price fluctuations. SUI is currently testing this trendline according to the chart by InvestingHaven.&nbsp;</p> 
<p>A lack of support at this level could instigate additional bearish momentum, as pointed out by InvestingHaven’s analysis. On the other hand, as long as the trendline is maintained, SUI may stay aligned with its optimistic goals of $4.40 to $8.80 by the conclusion of 2025.</p> 
<p>The recent trading volume, approximately $1.37 billion in the last day, indicates that investor interest is still robust, amid price swings. The trading volume of the asset, an essential indicator for confirming trends, suggests that the market is effectively absorbing selling pressure, potentially enhancing confidence in the ongoing trend.</p> 
<h2 class="wp-block-heading" id="strong-sui-s-growing-appeal-in-traditional-finance-strong"><strong>SUI’s Growing Appeal in Traditional Finance</strong></h2> 
<p>The rising interest in SUI is further evidenced by its recent developments in the TradFi space. Momin, a crypto commentator, noted that Grayscale has launched the Sui Trust for accredited investors, reflecting growing institutional interest.&nbsp;</p> 
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SUI</a> really shaping up to be a cycle favorite!<a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Grayscale</a> just opened a Sui Trust for accredited investors, clear interest from TradFi whales!<br><br>10M active wallets hit this week!<br><br>Backed by AI, Gaming &amp; DeFi innovations, Sui is becoming the go-to chain to build &amp; use! <a href="https://t.co/HcRSwv7Rcq" target="_blank" rel="nofollow">pic.twitter.com/HcRSwv7Rcq</a></p>— Momin (@mominsaqib) <a href="https://twitter.com/mominsaqib/status/1887826139240071372?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 7, 2025</a>
</blockquote>  
<p>With the number of active wallets hitting 10 million this week, SUI’s ecosystem appears to be expanding, attracting investors. Additionally, SUI’s backing by <a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank">AI</a>, gaming, and DeFi innovations positions it as a multifaceted project with broad appeal.&nbsp;</p> 
<p>Momin also pointed out that these features are likely to continue driving investor enthusiasm throughout 2025.<br><br><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/top-analyst-favours-buying-onyxcoin-xcn-over-solana-here-are-their-reasons/" target="_blank"><strong><em>Top Analyst Favours Buying Onyxcoin (XCN) Over Solana: Here Are Their Reasons</em></strong></a></p> 
<h2 class="wp-block-heading" id="strong-gamefi-partnership-expands-sui-s-reach-strong"><strong>GameFi Partnership Expands SUI’s Reach</strong></h2> 
<p>In a move that strengthens its position in the gaming sector, SUI is partnering with SuperVerse, one of the largest Web3 gaming communities.&nbsp;</p> 
<p>Degen_Hardy, another crypto analyst, emphasized that this collaboration will likely propel SUI further into the GameFi space, an area of growing interest in the blockchain industry. As the gaming ecosystem expands, SUI’s involvement in this sector could drive its adoption and appeal, further supporting its price action in the long run.</p> 
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SUI</a> IS EXPANDING ITS GAMIMG ECOSYSTEM <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3ae.png" alt="🎮" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>You all know my favorite sector and that's GameFi.<br><br>Partnering with SuperVerse, one of the biggest web3 gaming communities in the space is a smart move.<a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SUI</a> to sweep the gaming industry.<a href="https://t.co/StNQKBWyNH" target="_blank" rel="nofollow">pic.twitter.com/StNQKBWyNH</a></p>— Hardy (@Degen_Hardy) <a href="https://twitter.com/Degen_Hardy/status/1887834428082360657?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 7, 2025</a>
</blockquote>  
<p>All in all, the next few weeks will be critical for SUI as it tests the strength of its trendline support. Should this support hold, the path to its 2025 price targets remains open, but a failure could necessitate a reevaluation of its <a href="https://www.thecoinrepublic.com/2025/02/07/sui-attains-a-new-ath-amid-a-sustained-bullish-momentum/" target="_blank">bullish case</a>. Watching for signs of either continued bullish momentum or a shift toward a more cautious outlook will be critical.</p> 
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noreferrer noopener nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noreferrer noopener">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noreferrer noopener">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noreferrer noopener nofollow">FREE Telegram group.</a></strong></em></p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank">Take 2 mins to learn more</a></strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/sui-tests-key-support-as-institutional-interest-grows/">SUI Tests Key Support as Institutional Interest Grows</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

SUI Tests Key Support as Institutional Interest Grows

Table of Contents

CaptainAltcoin

Other articles published on Feb 7, 2025

5 Explosive Crypto Picks to Watch: Don’t Skip This Best Meme Coin Presale to Buy Now for Massive ...

Media Effectiveness: How CMOs Can Get CFOs to See Marketing as a Value Driver

Tether CEO ‘not worried’ about concerns over USDT competition

Crypto’s $100B Custody Rush: Institutions Flock to Secure Solutions

Stablecoins account for 90% of crypto use in Brazil — Central bank chief

Crypto Veteran Predicts XRP Hitting $10 as DOGEN Targets a Colossal 6500% ROI

Join our free newsletter for daily crypto updates!