The price of SUI has staged a notable recovery, approaching the $1.85-$2.00 zone, driven by a significant surge in on-chain activity and growing institutional interest. This move marks a shift for a project that was recently dismissed as a "zombie chain." The rally is supported by a 240% increase in 7-day trading volume and daily decentralized exchange (DEX) activity climbing toward $322 million, indicating renewed user engagement with the ecosystem.
Institutional players like Grayscale and Bitwise are reportedly building exposure to SUI, bringing increased liquidity, stability, and a broader market reassessment of the asset. This institutional interest is seen as a key factor differentiating the current move from a speculative retail-driven bounce.
From a technical perspective, SUI is holding within an ascending channel that has been intact since October 2025. The price recently tested and rebounded from the channel's lower support boundary around $1.44–$1.45. Analysts note that repeated defenses of this support suggest consolidation, with the next major resistance level at $2.05. A decisive break and hold above the psychological $2.00 level would signal a potential trend change, while a rejection could lead to more sideways action. A daily close below $1.40 would invalidate the current constructive structure.
