Sui (SUI) is beginning to stand out in the crowded crypto market as new data reveals significant capital inflows and rising speculative interest. The altcoin has shown strong upward momentum recently, posting double-digit gains and flashing a classic bullish chart pattern. While these signs point to the potential for a continued rally, one key resistance level remains the final hurdle before confirming a full breakout.

In the past 24 hours, SUI recorded the largest stablecoin inflow among all major blockchain networks, drawing in over $6.1 million. This is especially notable given that other prominent platforms like Ethereum, Solana, and BNB Chain experienced net outflows during the same period. Such a trend could signal a capital shift toward SUI, as traders and investors explore fresh opportunities in emerging assets.

These stablecoin inflows are not just numbers—they represent ready-to-deploy liquidity, often referred to as “dry powder.” When stablecoins move into a network in large amounts, it typically suggests that market participants are preparing to buy native tokens, in this case, SUI. This influx of capital is often seen as a precursor to bullish price action.

On top of the inflows, SUI’s Open Interest (OI) in the derivatives market surged by more than 30%, reaching approximately $785 million. This metric reflects the total number of open contracts in SUI’s futures markets and serves as a barometer for speculative activity. A rising OI, especially when paired with increasing capital inflows, suggests growing optimism about near-term price movements. It implies that traders are positioning themselves ahead of what could be a major move.

From a technical standpoint, SUI is shaping up for a possible breakout. On the daily timeframe, the token appears to be forming a cup and handle pattern—a structure commonly associated with bullish continuation. At the time of writing, SUI is trading near $2.16, with a well-defined resistance level at $2.23. This level is seen as the breakout trigger. Should the price manage a sustained move above it, the next major upside target could be around $2.80.

However, this breakout has yet to be confirmed. Without a solid close above $2.23, the pattern remains unvalidated. Market watchers are looking for strong bullish momentum to carry the price through this zone to affirm the setup.

In the derivatives space, there has also been a notable liquidation of long positions, with nearly $860,000 in longs wiped out compared to around $269,000 in shorts. This flush of leverage can often be a healthy reset for the market, clearing out weak hands and paving the way for more sustainable upward movement.

Adding to the bullish case, SUI’s funding rate has turned positive, currently sitting around 0.0087%. A positive funding rate means traders are paying to hold long positions—often a sign of confidence and upward bias in the market. Following liquidations, a rebound in funding rates tends to reflect renewed belief in the bullish trend.

With capital flowing in, speculative positions rising, and a favorable chart structure forming, the setup for SUI looks increasingly optimistic. Still, everything hinges on whether the price can break and hold above the $2.23 level. Until then, this potential breakout remains in the making.

In summary, SUI is gaining serious traction among traders and investors. If the current momentum carries through key resistance, the token could be poised for a much larger move in the sessions ahead.