Bitcoin News Today: SUI Surges 5.61% Weekly on Institutional Buy and $4.00 Breakout

SUI, the native token of the Sui blockchain, is showing strong signs of a potential breakout, fueled by robust institutional interest and favorable technical indicators. A $450 million institutional purchase by Mill City Ventures, supported by Karatage, Galaxy Digital, and the Sui Foundation, marks one of the largest token allocations by a publicly traded company [2]. This move signals growing institutional confidence in Sui’s long-term viability and positions the token as a serious asset in traditional finance circles.

Technical analysis reinforces the bullish sentiment. SUI recently broke out of a consolidation phase, crossing a key resistance level near $4.00, with support holding between $3.00 and $3.50 [1]. Analysts such as RJT. WAGMI have highlighted the potential for a significant price movement, with near-term targets set at $5.50 to $6.00 and longer-term forecasts reaching as high as $10 to $15 [1]. A sustained move above $4.00 would open the door to higher price levels, while a failure to maintain above $3.00 could undermine the current setup.

Market momentum is also on the rise, with SUI trading at $3.88 as of the latest data, reflecting a 4.81% increase over 24 hours and a 5.61% gain in the past week [1]. The token’s Total Value Locked (TVL) has reached record highs, signaling growing usage and adoption across the Sui ecosystem [3]. This trend is supported by rising on-chain activity and increased trading volumes, which indicate strong buying pressure and a shift in market sentiment.

Analysts have also noted that the broader macroeconomic environment is supportive of SUI’s rally. The Federal Reserve’s decision to hold interest rates steady has provided a stabilizing effect in the crypto market, reducing some of the volatility that had previously hindered altcoin performance [4]. Despite fluctuations in Bitcoin’s price, the altcoin market, including SUI, has remained resilient, suggesting a diversification of investor interest.

While the $10 price level remains a key psychological and technical target, it is important to distinguish between actual price movements and analyst forecasts. Some projections, such as the 150% rally mentioned by certain analysts, are based on technical indicators and market conditions rather than confirmed fundamentals [2]. Investors are advised to treat such forecasts as potential scenarios rather than guaranteed outcomes.

The combination of institutional backing, strong technical patterns, and favorable on-chain metrics has created a compelling case for SUI in the current market cycle. However, continued monitoring of price behavior near key resistance levels and developments in TVL will be crucial in determining whether the token can sustain its upward trajectory. With the right conditions, SUI could see a meaningful price run in the coming months.

Source:

[1] Blockonomi. Why SUI Price Could Rally to $10 and Beyond This Cycle. https://blockonomi.com/why-sui-price-could-rally-to-10-and-beyond-this-cycle/

[2] FXEmpire. SUI Price Forecast: Analyst Sees 150% Rally Ahead for Layer-1 Token. https://www.fxempire.com/forecasts/article/sui-price-forecast-analyst-sees-150-rally-ahead-for-layer-1-token-1537708

[3] FXStreet. Cryptocurrencies Price Prediction: Stellar, Ripple & Bittensor. https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-stellar-ripple-bittensor-asian-wrap-31-july-202507310530

[4] FXStreet. Bitcoin Holds Steady as Fed Holds Interest Rates, Powell Concerns Tariff-Driven Inflation. https://www.fxstreet.com/cryptocurrencies/news/bitcoin-holds-steady-as-fed-holds-interest-rates-powell-concerns-tariff-driven-inflation-202507310542