Sui, the native token of Sui Blockchain, increased 5% on Wednesday after the project announced that it would present its first native stablcoins, USDI and Suiusde.
The announcement comes at a time when investors show a renewed interest in SUI, which is now exceeding the broader cryptography market. The Coendesk 20 index, a meter of the main digital assets, has increased 2.5% during the same 24 -hour period.
Sui rose from $ 3.42 to $ 3.58 in the session, with technical signs that show a clear bullish impulse. The Token broke the key resistance at $ 3.56 and established a new support for $ 3.55, backed by the increase in the negotiation volume.
Directing the rally are signs of growing institutional adoption. Coinbase derivatives plan to list SUI futures contracts on October 20, opening the door for more professional merchants to take positions in the Token.
Retail demand is also growing. In South Korea, T’order, a payment platform focused on the restaurant industry, recently integrated Sui to allow transactions using a Korean-won stablin. This movement seems to have caused an increase in volume, with activities that increase daily averages during the first hours of Asian negotiation.
From a technical point of view, Sui has negotiated within a range of $ 0.19 between $ 3.39 and $ 3.58. An increase in morning volume of 10.87 million tokens exceeded the daily average of 10.44 million, which suggests a great accumulation. The graph shows a series of higher minimums: a classic signal of an upward trend.
If the purchase pressure continues, SUI could soon prove the psychological brand of $ 3.60. For now, it is one of the best performance sheets in the market, extracting the strength of both products development and in the deepening of institutional ties.
