SUI Price Eyes $5 as AMINA Bank Integration and $500M Treasury Backing Fuel Momentum
The post SUI Price Eyes $5 as AMINA Bank Integration and $500M Treasury Backing Fuel Momentum appeared on BitcoinEthereumNews.com. SUI sits at a crucial technical zone with macro-level developments unfolding and on-chain activity gaining momentum. As the macro unfolds and on-chain activity picks up SUI is in a key technical area. After retracing from fresh high of $5.25, the price is now consolidating slightly below the $3.50 mark. This level coincides with the volume-weighted average price (VWAP), which is now acting as short-term resistance. Recent institutional involvement and the growing network activity may present additional context for whether this zone will be reclaimed in the short term.. AMINA Bank Integration, $500M Treasury Funding, And On-Chain Signals Define SUI Price Structure The inherent strength of SUI has experienced a formidable upsurge with a historic merger with the Swiss-based AMINA Bank that has become the first regulated bank to support the SUI token custody as well as trading services. This milestone paves the way for compliant institutional involvement and adds significant credibility to the project within traditional financial sectors. Besides, Mill City Ventures raised half a billion dollars in treasury funding to enhance SUI long-term growth, scalability, and expansion to new verticals. Amid these developments, over 1.28 million new blockchain accounts were added to the network in just 24 hours. This pushed the total number of addresses to above 257.9 million. According to CoinGlass, 70.8% of SUI perpetual accounts on Binance are currently long, with a Long/Short ratio of 2.42. This signals dominant bullish sentiment among traders. However, Sui open interest has dropped to 699.6 million highlighting a decline in speculative participation. Additionally, the weighted sentiment has also seen decline to -0.655. On the other hand, the social dominance has spiked to 0.973%, implying increased social engagement. These contrasting signals have created uncertainty around short-term momentum, leaving the long term SUI price prediction curated by our analysts reliant on whether the…
The post SUI Price Eyes $5 as AMINA Bank Integration and $500M Treasury Backing Fuel Momentum appeared on BitcoinEthereumNews.com.
SUI sits at a crucial technical zone with macro-level developments unfolding and on-chain activity gaining momentum. As the macro unfolds and on-chain activity picks up SUI is in a key technical area. After retracing from fresh high of $5.25, the price is now consolidating slightly below the $3.50 mark. This level coincides with the volume-weighted average price (VWAP), which is now acting as short-term resistance. Recent institutional involvement and the growing network activity may present additional context for whether this zone will be reclaimed in the short term.. AMINA Bank Integration, $500M Treasury Funding, And On-Chain Signals Define SUI Price Structure The inherent strength of SUI has experienced a formidable upsurge with a historic merger with the Swiss-based AMINA Bank that has become the first regulated bank to support the SUI token custody as well as trading services. This milestone paves the way for compliant institutional involvement and adds significant credibility to the project within traditional financial sectors. Besides, Mill City Ventures raised half a billion dollars in treasury funding to enhance SUI long-term growth, scalability, and expansion to new verticals. Amid these developments, over 1.28 million new blockchain accounts were added to the network in just 24 hours. This pushed the total number of addresses to above 257.9 million. According to CoinGlass, 70.8% of SUI perpetual accounts on Binance are currently long, with a Long/Short ratio of 2.42. This signals dominant bullish sentiment among traders. However, Sui open interest has dropped to 699.6 million highlighting a decline in speculative participation. Additionally, the weighted sentiment has also seen decline to -0.655. On the other hand, the social dominance has spiked to 0.973%, implying increased social engagement. These contrasting signals have created uncertainty around short-term momentum, leaving the long term SUI price prediction curated by our analysts reliant on whether the…
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