Sui Network (SUI) has been named a launch partner for Google's Agentic Payments Protocol (AP2), which enables AI agents to conduct transactions, including stablecoin payments, on behalf of users. This integration positions Sui as critical infrastructure for AI-driven financial services, potentially boosting on-chain demand through micro-payments and automated transactions.
Institutional interest is further fueled by Tuttle Capital's filing with the SEC for the "Tuttle Capital SUI Income Blast ETF," which could expand access to SUI for broader investors if approved. Technical indicators show SUI in its tightest price compression phase historically, with Bollinger Band Width (BBW) at a level that previously preceded 150-200% price surges.
However, short-term risks persist; some analysts note a bearish setup with price retesting the 50 SMA and upper boundary after breaking below top support. At writing, SUI trades at $3.62, up 3.27% in 24 hours, with resistance at $4.3. A breakout could target $10, while failure might drop to $3. Volume surged to 33.14 million, indicating possible institutional accumulation.