Sui (SUI) is attracting investor attention after its strategic partnership with Ethena Labs, signaling significant growth potential for the blockchain network. Trading at $3.57 with a market capitalization of $12.97 billion, SUI has shown resilience despite minor short-term dips. Analysts now predict a bullish trajectory that could push SUI toward $9.01 by 2026, fueled by new stablecoin releases and expanding market activity.

SUI Market Overview

SUI is currently priced at $3.57, down slightly by 0.47% over the last 24 hours, within a trading range of $3.53–$3.69. Its market capitalization stands at $12.97 billion, while 24-hour trading volume has reached $1.23 billion. Despite recent consolidation, SUI remains a focus for investors due to its growing ecosystem and partnership developments.

The blockchain’s active network usage and scalability highlight SUI’s long-term potential, supporting the bullish forecasts by crypto analysts and technical experts alike.

Ethena Labs Partnership and Stablecoin Launch

A major driver of SUI’s current momentum is its collaboration with Ethena Labs, which recently led to the launch of two native stablecoins. Ethena Labs, with a $30-billion ecosystem valuation, has partnered with SUI to enhance blockchain utility and facilitate high-volume transfers.

In August 2025 alone, SUI processed $229 billion in stablecoin transfers, underscoring the network’s growing adoption. Analysts view this partnership as a strong catalyst for further price appreciation, enhancing investor confidence in SUI’s long-term prospects.

Technical Analysis: Holding $2.20 as Key Support

Technical indicators suggest that maintaining a price above $2.20 is critical for confirming a bullish pattern in SUI. Crypto analyst Zeru noted that holding this support level could validate a W-reversal formation, potentially leading to new highs in the $6.90–$8.98 range toward the end of 2025 or early 2026.

Conversely, a breakdown below $2.20 could result in a retest of the $1.44–$2.63 support zone in 2026. For October 2025, trading is expected to remain within the $2.48–$3.55 range, reflecting a consolidation period that could precede a significant upward breakout.

Derivatives Market Analysis

The derivatives market provides additional insights into SUI’s current sentiment. Open interest in SUI derivatives has declined 2.19% to $1.82 billion, signaling some profit-taking by traders after earlier accumulation. However, trading volume has risen 7.38% to $3.12 billion, indicating active investor participation for short-term trading opportunities.

The OI-weighted funding rate sits at 0.0058%, reflecting a slight bullish bias in the derivatives market. This suggests that market participants anticipate either a stable price or gradual upward movement, supporting overall market optimism.

Balanced Market Sentiment

Overall, market sentiment for SUI appears balanced. While the derivatives market shows moderate caution, the broader investor interest remains strong, driven by high liquidity and active trading. The combination of fundamental partnerships and technical setups positions SUI for a potential surge in the coming months.

Price Targets and Outlook

Analysts are optimistic about SUI reaching $9.01 in 2026 if key technical levels hold and network adoption continues to grow. The immediate price support at $2.20 is crucial for maintaining bullish momentum, while trading above $3.50 could trigger additional buying interest.

The partnership with Ethena Labs, along with strong blockchain activity and increasing derivatives engagement, adds multiple bullish catalysts for SUI. Investors are advised to monitor these key levels closely, as they will likely dictate the trajectory toward potential all-time highs.

Conclusion

SUI is showing signs of strength after its collaboration with Ethena Labs, which introduced two native stablecoins and facilitated large-scale transfers on the network. With a market capitalization of $12.97 billion and solid trading volumes, SUI is positioned for significant growth, potentially reaching $9.01 in 2026.

Technical analysis highlights the importance of holding above $2.20 to validate bullish patterns, while derivatives data points to a balanced but slightly positive outlook. Investors should watch key resistance and support levels carefully, as they will guide the cryptocurrency’s next moves.

In summary, the combination of strategic partnerships, network expansion, and technical setups supports a cautiously optimistic outlook for SUI in the coming months, making it one of the promising altcoins to watch in 2025–2026.