Sui Surges 50% on Institutional Interest and Stablecoin Push

SUI

SUI/USDT

$0.7985

-0.94%

$0.7985

-0.94%

(24s)

24h Volume

$400,114,575.09

24h H/L

$0.8130 / $0.7820

Change: $0.0310 (3.96%)

Funding Rate

+0.0071%

Longs pay

Data provided by COINOTAG DATALive data

SUI

Daily

$0.7971

▲ 0.24%

Volume (24h): -

Resistance Levels

Resistance 3$0.9254

Resistance 2$0.8788

Resistance 1$0.8107

Price$0.7971

Support 1$0.7805

Support 2$0.7171

Support 3$0.6561

Pivot (PP):$0.787567

Trend:Uptrend

RSI (14):58.2

Cointelegraph Staff

(05:54 AM UTC)

1 min read

Approved byJames Mitchell

0 comments

Sui network’s native token, SUI, has climbed 50% over the past seven days after a Nasdaq-listed company staked a large portion of the token’s supply and developers announced upcoming features, including zero-fee stablecoin transfers and private transactions.

SUI traded around $0.94 on May 4 before climbing to $1.41 on Sunday, according to CoinGecko. Over the same timeframe, trading volume…