{"id":5339,"date":"2026-01-06T22:26:43","date_gmt":"2026-01-06T22:26:43","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5339"},"modified":"2026-01-06T22:26:43","modified_gmt":"2026-01-06T22:26:43","slug":"sui-surges-17-on-mysten-labs-promotion-eyes-2-3","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5339","title":{"rendered":"SUI surges 17% on Mysten Labs promotion, eyes $2.3"},"content":{"rendered":"

<\/p>\n

\n
\n
\n\"Sui\n<\/picture> <\/div>\n<\/p><\/div>\n

Key takeaways<\/span><\/p>\n

    \n
  • SUI is up 17% in the last 24 hours and is now trading at $1.95.<\/span><\/li>\n
  • The rally comes as Mysten Labs researchers explore privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.<\/span><\/li>\n<\/ul>\n

    SUI tops $1.95 after 17% rally<\/h2>\n

    SUI, the native coin of the Sui blockchain, is up 17% in the last 24 hours, making it the best performer among the top 20 cryptocurrencies by market cap. The coin is now trading at $1.95, close to a two-month high, thanks to this rally.<\/span><\/p>\n

    The rally comes following a recent paper by Mysten Labs researchers that explores privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.<\/span><\/p>\n

    The paper places Sui firmly within the account-based model, alongside Ethereum and Solana. It also looked at how such systems could implement confidential balances, limited anonymity sets, or sender-receiver unlinkability using cryptographic primitives such as homomorphic encryption and zero-knowledge proofs.<\/span><\/p>\n

    In addition to that, on-chain and derivatives data suggest growing market participation. Data obtained from Santiment shows that the Sui ecosystem\u2019s trading volume reached $967.43 million on Tuesday, the highest since early December. This surge suggests that traders are taking an interest in Sui again following the poor performance recorded last month.\u00a0<\/span><\/p>\n

    According to DeFiLlama, Sui\u2019s Total Value Locked (TVL) has been steadily rising since the end of December, reaching $1.04 billion on Tuesday.<\/span><\/p>\n

    Furthermore, CoinGlass\u2019s derivatives data shows that SUI futures Open Interest (OI) at exchanges rose to $947.26 million on Tuesday, up from $685 million recorded a week ago.<\/span><\/p>\n

    SUI could surge to the $2.34 level<\/h2>\n

    The SUI\/USD 4-hour chart is bullish and efficient as Sui has added 34% to its value in the last seven days. The coin is now trading around $1.95 and could surge higher in the near term.\u00a0<\/span><\/p>\n

    If the bullish trend continues, SUI could extend the rally toward the weekly resistance level at $2.34. The momentum indicators currently support further bullish movements.\u00a0<\/span><\/p>\n

    \"SUI\/USD<\/p>\n

    The Relative Strength Index (RSI) on the 4-hour chart is 85, above the overbought threshold, indicating strong bullish momentum.\u00a0<\/span><\/p>\n

    Furthermore, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover and rising green histogram bars above the neutral level.<\/span><\/p>\n

    However, if the market undergoes a correction,\u00a0<\/span><\/p>\n

    On the other hand, if SUI corrects, it could extend the decline toward the 50-day EMA at $1.66.<\/span><\/p>\n

    \n
    \n
    Share this article<\/h6>\n
    \n
    Categories<\/h6>\n
    \n
    Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Analysis,SUI#SUI #surges #Mysten #Labs #promotion #eyes1767738403<\/p>\n","protected":false},"excerpt":{"rendered":"

    Key takeaways SUI is up 17% in the last 24 hours and is now trading at $1.95. The rally comes as Mysten Labs researchers explore privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model. SUI tops $1.95 after 17% rally SUI, the native coin of the Sui blockchain, is up<\/p>\n","protected":false},"author":1,"featured_media":5340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-5339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"\nSUI surges 17% on Mysten Labs promotion, eyes $2.3 - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"SUI is up 17% and trading at $1.95, with the bulls now targeting the $2.34 psychological level in the near term.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5339\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SUI surges 17% on Mysten Labs promotion, eyes $2.3\" \/>\n<meta property=\"og:description\" content=\"SUI is up 17% and trading at $1.95, with the bulls now targeting the $2.34 psychological level in the near term.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5339\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-06T22:26:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/dash-price-bullish.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5339\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5339\",\"name\":\"SUI surges 17% on Mysten Labs promotion, eyes $2.3 - 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