Sui Surges 50% on Institutional Interest and Stablecoin Push

SUI

SUI/USDT

$0.6710

-1.09%

$0.6710

-1.09%

(24s)

24h Volume

$72,208,455.26

24h H/L

$0.6818 / $0.6668

Change: $0.0150 (2.25%)

Funding Rate

+0.0053%

Longs pay

Data provided by COINOTAG DATALive data

SUI

Daily

$0.6710

▼ -0.94%

Volume (24h): -

Resistance Levels

Resistance 3$0.7141

Resistance 2$0.6996

Resistance 1$0.6758

Price$0.6710

Support 1$0.6614

Support 2$0.6484

Support 3$0.4417

Pivot (PP):$0.681067

Trend:Downtrend

RSI (14):39.9

Cointelegraph Staff

(05:54 AM UTC)

1 min read

Approved byJames Mitchell

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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…