The SUI token is currently at a critical juncture, having successfully rebounded upon testing a significant ascending support trendline. This technical move has historically proven to be a launchpad for major rallies, sparking renewed optimism among traders eyeing a potential breakout. The price, currently consolidating near the $3.16 zone, sits on the same foundation that fueled a remarkable 121% climb in April and an 81% surge in July. If this historical pattern holds, analysts project a near-term rally of around 44%, with the primary resistance target set at $4.5. Flipping this key level could set the stage for longer-term price exploration toward the $5 to $7.5 range.
<h2>Major Catalyst: Coinbase Institutional Launches SUI Futures</h2>
[embed]https://twitter.com/CoinbaseInsto/status/1972781495434789040?ref_src=twsrc%5Etfw[/embed]

The bullish outlook stemming from technical analysis is now powerfully reinforced by a major fundamental catalyst. Coinbase Institutional has officially confirmed its plans to introduce futures trading for the SUI token on its derivatives platform. This development is expected to significantly enhance SUI’s exposure, liquidity, and appeal to institutional-grade traders.
<h3>The exchange announced the strategic move via its X account:</h3>
"SUI Futures are coming to <a href="https://www.cryptoknowmics.com/news/coinbase-vows-to-improve-customer-care-amid-backlash/">Coinbase</a> Derivatives. Launching October 20. The latest addition in our expanding suite of futures products, giving traders more choice, deeper liquidity, and greater access to emerging digital assets."

The October 20 launch date aligns the asset's strong chart-based setup with an injection of capital and serious market interest. This convergence of technical strength and fundamental backing suggests SUI is strategically positioned for a potential price explosion in the coming weeks.

SUI Price Finds Strong Ascending Support as Coinbase Futures Boost Institutional Interest

SUI token finds support on a key ascending trendline, potentially signaling a 44% rally. Coinbase is set to launch SUI futures on Oct 20.

SUI Price Finds Strong Ascending Support as Coinbase Futures Boost Institutional Interest

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