Summary:
SUI price rose 12.9% in 48 hours, breaching $3.50
$325 million worth of assets bridged from Ethereum in 30 days
Partnership for Bitcoin staking integration announced
SUI is on track for a potential $4 breakout as liquidity increases
Technical indicators show strengthening bullish momentum
SUI price surged 12.9% in the last 48 hours, briefly surpassing the $3.50 mark on Wednesday. Recent news surrounding Bitcoin staking integration has triggered significant investor interest, with on-chain data revealing that over $325 million worth of assets have been bridged from Ethereum in the past month.
SUI Price Surge Explained
SUI began its current rally after announcing a partnership with Babylon Labs and Lombard Protocol for Bitcoin staking integration, set to launch in November 2025. This integration is expected to attract liquidity from the $1.8 trillion Bitcoin market, allowing SUI to offer innovative lending, borrowing, and trading services.
Source: SUIUSDT (Binance)
As the market reacted positively, SUI's price breached $3.60 within the daily timeframe on Wednesday. Starting December 1, SUI users staking Bitcoin will receive LBTC, a liquid staking token directly pegged to BTC spot prices.
Significant Inflows from Ethereum
The recent price rally is largely driven by increased speculative demand for SUI, especially as the Bitcoin launch date nears. On-chain data indicates that SUI has recorded substantial capital inflows, amounting to $325 million over the past month, making it the second-highest recipient of bridged funds from Ethereum after Solana.
Source: Wormhole
Higher liquidity enhances trading efficiency and attracts both retail and institutional investors, fueling further growth and adoption of SUI's DeFi ecosystem.
Price Forecast: Potential Breakout Ahead
With the impending addition of Bitcoin staking, SUI's capital inflows are likely to increase, potentially driving prices into a sustained rally. Technical indicators suggest a strengthening Accumulation/Distribution Line (ADL) and a narrowing price range, hinting at an imminent breakout toward $4.00.
If SUI can maintain support around $3.25, bullish momentum may intensify, targeting resistance at $3.96 and possibly $4.50. Conversely, a drop below $3.25 would invalidate this bullish outlook, with the next support level at $2.53.
Source: SUIUSDT (Binance)
Comments