SUI has recently performed remarkably well. The price has seen a significant increase, trading activity continues to rise, driven by several forces — strong technicals and institutional interest.

Bitwise's submission of the SUI strategy fund ETF application is worth noting, indicating growing enthusiasm among institutional investors. Their plans are quite aggressive, aiming to allocate 60% of assets directly to the underlying tokens by March 2026. This could be a potential catalyst for market liquidity.

From a technical perspective, SUI shows a clear short- to medium-term upward trend. EMA7 stands at 1.8153, higher than EMA25 at 1.7400 and EMA99 at 1.6486, which is a very standard alignment. The MACD is also bullish — MACD value at 0.0401 is significantly above the signal line at 0.0171, and trading volume is supporting the bullish sentiment.

The resilience of the ecosystem is impressive. The $60 million token unlock had little impact on the price, indicating strong investor confidence. Plus, the upcoming launch of protocol-level privacy features in the first quarter will further enhance practicality.

But don’t ignore the risks. Currently, RSI6 has soared to 96.50, RSI12 is at 88.61, and RSI24 is at 79.26 — all signs of severe overbought conditions. The price is hovering near the upper Bollinger Band, suggesting short-term correction pressure.