$SUI has been one of the stronger movers recently, climbing over 40% in the past week and reclaiming important technical levels.

Veteran trader Peter Brandt described the move as a potential “major bottom,” with some traders now watching the $1.35 area closely as a possible confirmation that the long downtrend from early 2025 may be ending.

A few things seem to be supporting momentum,

- SUIG staking 108.7M SUI, reducing liquid supply

- growing tokenization/RWA narratives

- new partnerships like Paga building on Sui

- stronger relative performance compared to ETH, SOL, and XRP recently

At the same time, the ecosystem is still recovering from the earlier Cetus Protocol exploit, which was a major setback for confidence.

Feels like this rally is a mix of technical recovery + renewed narrative momentum.

Definitely one of the more interesting Layer-1 charts to watch right now, especially on trading platforms like BingX where momentum rotations become obvious quickly.

#SUI #BingX