- Traders eye $3.58 support and $4.10 resistance for direction.
- Momentum Finance posts $658K fees, $165M TVL on Sui.
- Mill City Ventures holds 81M SUI, signaling institutional confidence.
The price of $SUI is testing an important support level as traders track near-term market direction. CryptoPulse data shows $SUI has retreated to a crucial support around $3.58.
Analysts noted that holding this price area could provide the base for a rebound. If buyers defend the level, the token could climb toward $4.10, which aligns with a high-volume resistance zone.
However, analysts warned that rejection at support may lead to another test of the base region below. CryptoPulse stressed that momentum is finely balanced, advising traders to wait for confirmation before entering new positions.
Momentum Finance Reports Strong Growth on Sui
Momentum Finance continues to expand within the Sui network. Data from TheDeFiLink showed the protocol generated $658,000 in fees during the past week. Of that, $114,000 flowed directly to its treasury and holders.
The total value locked on the platform reached $165 million, while the cumulative decentralized exchange volume surpassed $8.43 billion. Analysts emphasized that real fee generation is an essential measure of sustainability.
Commenting on this growth, Zord Crypt said that “real fees matter more than vanity metrics,” highlighting the protocol’s model as an indicator of long-term DeFi potential.
Mill City Ventures Builds SUI-Based Treasury Strategy
Institutional confidence in $SUI is also rising. Mill City Ventures announced it has launched the world’s first SUI-based treasury strategy. Analyst Stephen Mackintosh said he expects the token to outperform both Ethereum and Solana.
The firm disclosed holdings of more than 81 million SUI in reserves. Mackintosh stated that the move reflects confidence in the network’s momentum and utility. He argued that these factors could position SUI ahead of its larger competitors in the long run.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
