SUI Rally Heats Up — Now Outranking AVAX and LINK After Grayscale Trust Launch

SUI is on a strong upward trend, breaking past its previous downtrend and jumping nearly 40% in value.

The price of SUI has broken out of a downtrend and is now showing signs of a potential inverse head and shoulders pattern, according to crypto analyst Rekt Capital.

"SUI broke the Downtrend and is now rallying almost +40% since doing so, rendering both AVAX and LINK in terms of Market Cap to become 11th overall,” the analyst said in his latest X post.

"Also, on the fundamental side of things, Grayscale opened a #SUI trust today, showing institutional growth.”

This move by Grayscale is important because it gives professional and accredited investors a regulated way to invest in SUI without having to buy and store the cryptocurrency directly.

Industry watchers, including Rekt Capital, see this as a strong endorsement of SUI’s future potential.

"Technical setup plays a role in spurring on further institutional adoption, which is heating up, while legal and regulatory frameworks are also being sorted out, slowly but surely. But sti

ll, interesting to note that usually, technical setups drive new institutional adoption, and we're seeing both with SUI.”

This technical breakout could be a factor in spurring on further institutional adoption, which is heating up, while legal and regulatory frameworks are also being sorted out, slowly but surely.

"If SUI manages to hold above the key $2.33-$2.50 support zone, then we could see a move towards the $3.39-$3.78 major Fib resistance, which is roughly where the apex of the H&S pattern lies. But if SUI manages to break through that Fib, then we could even