• Sui is currently at $3.57 with $12.97 billion market capitalization, expecting $9.01 in 2026.
• Collaboration with Ethena Labs announces two stablecoins, enforcing $229 billion in August 2025 transfers.
• The derivatives market displays $1.82 million open interest, $3.12 million volume, indicating a balanced bullish sentiment.

SUI has gained market attention after announcing a partnership with Ethena Labs for the release of two native stablecoins, announcing large-scale growth for its $12.97 billion network. Despite a slight dip to $3.57, analysts maintain a bullish outlook, projecting potential highs near $9.01 by 2026.

Sui is trading at $3.57, down 0.47% on a 24-hour range of $3.53–$3.69. With a market capitalization of $12.97 billion and a trading volume of $1.23 billion, Sui remains a darling of investor attention despite growing ecosystem activity.

Holding Above $2.20 Could Confirm Bullish Pattern

Crypto analyst Zeru highlighted that Sui recently launched two native stablecoins in collaboration with Ethena Labs, a project that has a $30-billion ecosystem valuation. In a single month, August 2025, Sui processed $229 billion worth of stablecoin transfers, reflecting the blockchain’s growing usage in terms of networking as well as scalability.

Coincheckup experts forecast a bullish trend, which means a new all-time high of $9.01 should be seen by 2026. Technical analysis also lends support towards optimism, staying above $2.20 might validate a W-reversal formation, seeking $6.90-$8.98 towards the end of 2025 or early 2026.

However, analysts caution that a breakdown below $2.20 might lead to a retest of the $1.44–$2.63 range in 2026. For October 2025, October trading for Sui should range between $2.48 and $3.55, indicating a consolidation period preceding a likely breakout, building momentum.

Also Read | VanEck Report Shows Ethereum Cooling After Strong Summer Surge

SUI Derivatives Market Overview: Open Interest Declines

The derivatives data from Sui shows a modest market participation ease. Open interest declined 2.19% to $1.82 billion, indicating traders are cutting exposure after earlier accumulation on the market. Trading volumes, however, are robust, with volume spiking 7.38% to $3.12 billion, showing that despite cutting exposure, investors remain vigorously purchasing for short-term trading opportunities

At the same time, the OI-Weighted Funding Rate was at 0.0058%, indicating a fairly bullish bias for the derivatives market. This is a gentle lean toward long hedging, indicating that market participants anticipate prices for SUI staying broadly flat or increasing at a gentle pace. 

Overall, market sentiment seems evenly balanced, neither strongly bullish nor bearish, but a persistent trading passion continues high liquidity.

Also Read | Standard Chartered Sees Bitcoin Hitting $135K Soon, $200K by Year-End