Bulls could ride institutional demand and overall market tailwinds to target a new all-time high.
Sui (SUI) price is showing signs of a potential breakout as bulls stabilise above the $3.50 threshold.
Increased capital inflows, signalling renewed institutional interest, add to the overall bullish picture for SUI.
The crypto market’s sharp bounce in the past week has Sui price poised above $3.50 and eyeing an upward continuation.
Meanwhile, the Sui ecosystem has recorded a modest yet encouraging uptick in investment activity.
According to CoinShares, approximately $3.5 million in net inflows poured into SUI-linked funds and products over the past seven days.
This comes as demand for institutional-grade exchange-traded products (ETPs) and venture-backed staking pools surges sharply.
Investors looking to position with Sui have injected over $138 million into related digital asset products and funds, with assets under management rising to $348 million.
While Bitcoin and Ethereum dominate with billions of dollars in weekly inflows, the overall bullish sentiment is helping smaller coins.
A lot of this is down to treasury strategy moves and exchange-traded funds anticipation, while macro tailwinds strengthen the push for more gains in the fourth quarter.
The $3.5 million inflows point to Sui’s appeal among institutional investors.
SUI’s price action has entered a textbook consolidation phase.
Over the past weeks, the token has traded between $3.52 and $3.65, with a market capitalisation hovering around $13.1 billion and daily volume near the $1 billion mark.
As per CoinMarketCap data, this metric stood at around $997 million at the time of writing on Monday.
The altcoin’s stability comes after a 13% rally in the past week that has bulls retesting a key resistance zone.
Notably, technical indicators paint a bullish picture, with the relative strength index (RSI) sitting at 56, neutral yet trending upward.
Bids are also concentrated near the middle line of the Bollinger Bands, having seen a significant bounce off the support line.
Bullish catalysts for Sui include accelerating network growth and a supportive broader crypto market outlook.
Analysts expect substantial upside for Bitcoin, with some projecting a move toward $126,000.
Such an advance could trigger a broader sector rally, fueled by capital rotation and renewed risk appetite.
“Traders short October calls are rolling higher toward 126k-128k as $BTC keeps grinding up,” said analysts at QCP Group.
“The move shows conviction in sustained upside into month-end, with the market leaning on supportive macro stories and seasonal strength.”
A confluence of factors, including sustained inflows and strong technical momentum, could position SUI to retest its all-time high above $5.35, last seen in January.
