European crypto investors are closely watching Sui after veteran trader Peter Brandt signaled a potential continuation of the token’s bullish momentum. His latest analysis suggests that the recent rebound may mark a major bottom for the SUI price, opening the door for a stronger upward move in the weeks ahead.
Brandt highlighted the weekly SUI chart, noting that the cryptocurrency appears to have completed a significant bottoming formation after falling sharply from highs near $5 reached last year. According to the analyst, the recent technical setup points toward a possible long-term trend reversal.
The token has already shown impressive recovery strength. SUI surged more than 20% within 24 hours, climbing to around $1.31, while posting gains of nearly 50% over the past week. Trading activity also exploded, with volume increasing roughly 290% during the same period.
The strong recovery from support near the $0.90 level has boosted confidence among traders, with Brandt stating that the asset could continue trending substantially higher from current prices. However, the rally experienced mild profit-taking pressure after approaching the 200-day simple moving average on the daily chart.
Several other crypto analysts have also expressed bullish sentiment toward SUI. Market commentators such as Ted Pillows and Crypto Tony pointed to additional upside potential as momentum across the broader crypto market improves.
Beyond technical analysis, new developments within the Sui ecosystem are adding fuel to investor optimism. Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, recently revealed plans to introduce confidential transactions on the Sui network later this year.
The upgrade aims to enable free and private digital payments at internet scale while still maintaining regulatory compliance. The system is expected to support zero-fee stablecoin transfers alongside privacy-preserving transaction technology.
Mysten Labs also plans to extend these capabilities beyond stablecoins, eventually supporting tokenized stocks, bonds, real-world assets, and additional financial instruments. The expansion could strengthen long-term adoption of the Sui ecosystem and potentially support further price growth.
Institutional interest has also added to the bullish outlook. Nasdaq-listed Sui Group Holdings recently staked 108.7 million SUI tokens, representing approximately 2.7% of the circulating supply. Shares of the company climbed 11% following the announcement.
Meanwhile, the Sui ecosystem continues expanding its decentralized finance ambitions. The network is reportedly preparing to launch a prediction market platform that would allow users to speculate on various assets using leveraged positions.
Investor attention toward SUI has also intensified following growing discussion around SUI futures products and broader institutional adoption within the crypto derivatives market.
