SUI has been on a tear, leaping 17% within the final 24 hours and changing into the highest performer among the many high 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 an ideal 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 techniques might assist issues like confidential balances, restricted anonymity units, and sender-receiver unlinkability utilizing instruments corresponding 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 reveals 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 be bettering. In line with DeFiLlama, Sui’s complete 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 Value Breaking $2 Might Imply One thing Larger
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 type of spike often means contemporary cash is flowing into the market. Analysts typically see rising futures publicity like this as an indication that purchasing curiosity is choosing up.
On high of that, massive gamers are beginning to transfer. Asset managers corresponding 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 may 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 reveals a clear breakout from a protracted descending wedge, which is a bullish construction shift after months of decrease highs.
Value reclaimed the trendline with robust momentum, suggesting sellers are shedding management and dips are getting purchased shortly. So long as SUI crypto holds above the breakout space, continuation towards the $2.70 stage appears practical, with $3.00 performing as the following main resistance if momentum stays robust.
A pullback into the breakout zone would nonetheless be wholesome, however shedding it might put the transfer into query.
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