SUI has been on a tear, leaping 17% within the final 24 hours and turning into the highest performer among the many prime 20 cryptocurrencies by market cap. The token is now buying and selling round $1.90, sitting close to a two-month excessive after this sharp transfer.
$SUI is popping out to be a terrific deal.
https://t.co/hvv6n1lu9d pic.twitter.com/yylhKDE7ST
— Fortunate (@LLuciano_BTC) January 6, 2026
The rally comes after a brand new analysis paper from Mysten Labs that examines the privateness options of blockchains. The paper locations Sui in the identical account-based class as Ethereum and Solana. It explores how these programs might help issues like confidential balances, restricted anonymity units, and sender-receiver unlinkability utilizing instruments similar to zero-knowledge proofs and homomorphic encryption.
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On the identical time, on-chain and derivatives knowledge are exhibiting indicators of renewed curiosity. Santiment knowledge exhibits Sui’s buying and selling quantity hit $967.43M on Tuesday, the best stage since early December. That spike suggests merchants are coming again after the weak efficiency SUI noticed final month.
DeFi knowledge can also be enhancing. In accordance with DeFiLlama, Sui’s whole worth locked has been climbing steadily since late December, reaching about $1.04B on Tuesday, which provides extra weight to the latest bullish momentum.
SUI Crypto Worth Breaking $2 May Imply One thing Greater
SUI open curiosity throughout exchanges jumped to $958.26M on January 7, up from about $685M only a day earlier. That’s the highest stage seen since October 10.
This sort of spike normally means contemporary cash is flowing into the market. Analysts typically see rising futures publicity like this as an indication that purchasing curiosity is selecting up.
On prime of that, large gamers are beginning to transfer. Asset managers similar to Bitwise are pushing ahead with plans for a spot SUI ETF. In mid-December, Bitwise filed an S-1 with the U.S. Securities and Alternate Fee to launch an ETF that might monitor the SUI token.
(Supply: SUIUSD / TradingView)
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Technical sensible is confirming the bullish shift too. This SUI USD every day chart exhibits a clear breakout from an extended descending wedge, which is a bullish construction shift after months of decrease highs.
Worth reclaimed the trendline with sturdy momentum, suggesting sellers are shedding management and dips are getting purchased rapidly. So long as SUI crypto holds above the breakout space, continuation towards the $2.70 stage seems to be reasonable, with $3.00 performing as the following main resistance if momentum stays sturdy.
A pullback into the breakout zone would nonetheless be wholesome, however shedding it might put the transfer into query.
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