Break above key support zones sparks bullish momentum amid expanding regulated offerings
Sui (SUI) surged over 4% in the last 24 hours, trading near $3.97, after Swiss-based banks Sygnum and Amina announced the launch of trading, custody, and lending services for the token. The move provides regulated access for professional and institutional investors, a development expected to strengthen Sui’s market position in the growing Web3 sector.
On the technical front, SUI recently broke out from a falling wedge pattern, reclaiming the $3.50–$3.60 support zone highlighted on the daily chart. The asset is now approaching a critical resistance range between $4.00 and $4.20, an area that has historically triggered pullbacks.
“Institutional-grade custody and lending options are essential for onboarding large investors into emerging blockchain ecosystems like Sui,” said a Swiss digital asset analyst. “This expansion in regulated access could support both liquidity and long-term adoption.”
Volume data also supports the bullish sentiment. Following the breakout, trading activity surged, suggesting strong buying interest. Should Sui close decisively above $4.20, technical analysts anticipate a potential rally toward $4.50 and even $5.00 in the coming weeks. Conversely, a rejection at current resistance could see the price retest the $3.50 support level.
Institutional involvement is seen as a game-changer for smaller-cap Layer 1 networks. Sui’s recent inclusion in Swiss banking products follows broader market trends where regulated financial institutions are expanding crypto offerings to meet growing demand for digital assets.
With the crypto market showing renewed momentum and Sui gaining both technical and institutional tailwinds, traders are closely watching whether this breakout will mark the start of a sustained uptrend.
For now, the $4.00–$4.20 range remains the decisive battleground — a zone where institutional adoption news and market sentiment will determine Sui’s next big move.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.