COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Altcoin SUI Reaches New Heights Driven by Growing Adoption and Institutional Interest
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Altcoin SUI Reaches New Heights Driven by Growing Adoption and Institutional Interest
Altcoin News

Altcoin SUI Reaches New Heights Driven by Growing Adoption and Institutional Interest

In Brief

  • SUI altcoin shows promising growth since the start of the year.

  • Technical indicators present mixed signals for SUI's short-term performance.

  • Rising institutional interest positions SUI for success in future bull markets.

Fatih Uçar
Fatih Uçar 3 weeks ago
Share
SHARE

The altcoin SUI has been drawing attention since the beginning of the year with its outstanding performance. Analysts predict that this growth trajectory will continue in the coming days and weeks. With increased adoption, rise in total value locked (TVL) within the network, and heightened institutional interest, forecasts suggest that the altcoin’s price could reach $5, $10, or even higher in the coming months. SUI briefly surpassed the $5 mark earlier this year, but after aggressive selling pressure, it experienced a more than 65% decline. Buyers intervened, and the coin has rebounded, currently trading at $3.07, marking a 2.9% rise in the last 24 hours.

Contents
SUI’s Technical Analysis and Short-term ExpectationsAdoption and Institutional Interest Bolster Altcoin

SUI’s Technical Analysis and Short-term Expectations

At present, the technical indicators for SUI show mixed signals. Most of the moving averages still point towards a bearish trend. The Relative Strength Index (RSI) is at about 41, suggesting a weakening momentum. The MACD indicator also signals a slowdown in bullish momentum.

Altcoin SUI

Key price levels have been identified for the coming days. If the price of SUI coin closes above $3.10, it could rise to $3.50 within the week. Surpassing this resistance might initiate a more robust upward movement. However, if the altcoin’s price falls below $3.00, there’s a risk of increased selling pressure and further losses. It is anticipated that SUI will end the month of June within the $3.80 – $4.00 range, after a stagnant beginning.

Adoption and Institutional Interest Bolster Altcoin

The SUI network currently ranks 8th among all Blockchain networks in terms of TVL. This growth is largely driven by the pioneering lending protocol, Suilend, which saw its TVL soar by 90% to $700 million in just a month. This protocol is significantly contributing to the growth of SUI coin.

Over 10% of SUI’s TVL comprises assets related to Bitcoin (BTC) $108,066, providing the network with cross-Blockchain functionality that attracts new users and liquidity. Institutional interest continues to rise, with various financial firms applying for a SUI ETF (Exchange-Traded Fund). Together, these factors suggest that the altcoin might soon reach a new all-time high. Analysts foresee SUI becoming a major player in the next bull market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Whale Movements Stir Bitcoin’s Waters

XRP, Dogecoin, and Cardano Poised for Double-Digit Gains

Bitcoin Tests New Heights: Analysis of Market Dynamics and Predictions

The Stablecoin Market’s Cautious Growth Projections Diverge at JPMorgan

Arbitrum’s Timeboost Propels Altcoin Growth with Innovative Bidding Strategy

Fatih Uçar 16 June, 2025 - 11:45 am 16 June, 2025 - 11:45 am
Share This Article
Facebook Twitter
Share
Previous Article Binance Expands Trading Options with New USDC Pairs and Algo Services
Next Article Massive Coin Releases Shake the Crypto Landscape Next Week
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Buffett’s Bold Move: Berkshire Embraces Sirius XM
Economy
Trump Sets the Stage for Economic Showdown with New Tariff Threat
Economy
Bitcoin Holders Wait with Huge Unrealized Profits
Bitcoin (BTC)
Crypto Market Faces Crucial Weekend Decisions
Technical Analysis
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?