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Will Sui Hit $9? Price Prediction: 3 Reasons That Could Make It Happen

Munene Timothy by Munene Timothy
March 10, 2025
in Binance Feed, Market
Reading Time: 4 mins read
Will Sui Hit $9 Price Prediction 3 Reasons That Could Make It Happen
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  • Institutional backing for Sui grows, with Canary Capital filing for a SUI ETF and World Liberty Financial adding it to its reserve.
  • Sui’s DeFi ecosystem is expanding, ranking ninth in TVL, with DEXs like Cetus, Bluefin, and Turbos Finance driving liquidity growth.
  • Analysts predict a 28% breakout for Sui, citing a falling wedge pattern and strong technical support at key Fibonacci levels.

Sui (SUI) price shows strong resilience despite market volatility. Institutional players are eyeing Sui, with big financial firms making moves that could boost its credibility and adoption. Sui’s decentralized finance (DeFi) ecosystem is expanding, and analysts are assessing whether the token can reach $9 in this cycle.

Institutional Interest and Strategic Investments in Sui

Institutional involvement in Sui has intensified, with big firms making notable moves. Canary Capital recently filed for a SUI exchange-traded fund (ETF) in Delaware, a key step toward mainstream financial integration. 

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The approval process is ongoing, but this move shows increasing demand from institutional investors. Additionally, World Liberty Financial has added Sui to its strategic reserve fund, Macro Strategy. This decision shows confidence in Sui’s long term potential. 

Franklin Templeton Digital Assets has also invested in the SUI ecosystem, providing further institutional backing. This indicates growing recognition of Sui’s scalability, security, and potential role in blockchain finance.

Crypto Market Trends and Bitcoin’s Impact on Sui

Sui’s potential price movement is linked to overall crypto market trends. Recently, Bitcoin faced a sell-off amid concerns over the U.S. government’s Bitcoin reserve plan. 

However, Bitcoin’s quick rebound suggests strong market resilience, which could positively impact altcoins like Sui. Historically, altcoins tend to follow Bitcoin’s momentum. If Bitcoin continues its recovery, it could create favorable conditions for Sui’s price growth. 

Sui’s Expanding DeFi Ecosystem and Market Performance

Sui’s DeFi ecosystem has been expanding, positioning the network for increased adoption. The blockchain ranks ninth in total value locked (TVL) among all chains, indicating its growing influence. 

Key decentralized exchanges (DEXs) on Sui, including Cetus, Bluefin, and Turbos Finance, have seen rising trading volumes and liquidity. Cetus leads with $137 million in daily volume, leveraging a concentrated liquidity model. 

Bluefin offers order book trading and perpetual contracts, attracting traders with its $65 million daily volume. Turbos Finance ranks third, with a market cap of $2.5 million and a growing user base. These platforms contribute to Sui’s DeFi traction, potentially driving higher demand for SUI.

Analysts’ Price Predictions and Market Outlook

Market analysts have noted strong technical signals for Sui’s potential breakout. Marcus Corvinus pointed to a bearish wedge pattern nearing a breakout, emphasizing Sui’s solid retest and the impact of its partnership with World Liberty Financial. 

He suggested that if momentum builds, Sui could see substantial price movement. CryptoBullet also identified a falling wedge on Sui’s daily timeframe, highlighting a key support level at the yearly exponential moving average and the 0.618 Fibonacci retracement. 

Ali further noted Sui’s consolidation within a triangle, predicting a potential 28% breakout. These technical signals suggest that Sui could be up for further gains if market conditions remain favorable.

Tags: Altcoin NewsPrice Analysis

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