SUI has seen a 54.5% increase in price over the past 30 days, and after reaching $1.29, the current price is maintained around $1.15.
The trend of a golden cross formed by the 50-day moving average and the 200-day moving average is approaching, and this technical pattern, which has historically been strong for SUI, appears again. At the same time, Bitwise has launched its PPLUS Premium + RWA Vault on Sui, with the goal of achieving a net return of over 10% by tokenizing real-world assets.
SUI has seen a price increase of over 54% in the past month, pushing the token from its August lows all the way up to the $1.20 range. The latest round of gains has also brought the 50-day moving average of SUI close to crossing above the 200-day moving average, forming a potential golden cross pattern. Meanwhile, Bitwise is expanding its physical asset strategy to Sui through a profit-oriented vault. With SUI trading at around $1.15 and daily trading volume exceeding $1 billion, traders are watching whether technical indicators and the new RWA infrastructure will be able to sustain this upward trend.
SUI Golden Cross: Can the upward trend continue?
During the rebound in September, the daily chart structure of SUI has undergone significant changes. The token first established a bottom in the range of $0.65 to $0.75, then managed to return to the $0.90 to $1.00 range, and subsequently broke through $1 with a substantial increase in trading activity. SUI later rose to $1.29, setting a new high for this round of market trends.
Historical data shows that SUI closed at $1.27 on September 27, before then falling back to around $1.15. The golden cross that occurred shortly thereafter added another key indicator to support this breakout. The 50-day moving average is moving closer to the 200-day moving average, and once they cross, the short-term trend is expected to exceed the long-term trend.
Analysis shows that after the previous two golden crosses for SUI, there were increases of approximately 240% and 222% respectively. If a similar expansion occurs from the current level, the price of SUI could approach $4.
Bitwise brings the revenue strategy of RWA to Sui
As this technological trend emerges, new developments at the institutional level have also arrived simultaneously. Bitwise has incorporated PPLUS Premium and RWA Vault into Sui. The goal of this strategy is to achieve a net return of over 10% by tokenizing real-world assets. This treasury is operated by Ember Protocol and can also be used as collateral through Bluefin Lend, connecting the exposure of RWA with the lending infrastructure of Sui.
This strategy provides tokenized assets with another on-chain use case in addition to simply representing off-chain tools. A yield of over 10% is the target, but it is not a guaranteed return, and this product is not available to individuals in the United States. This development is an expansion of the Sui financial infrastructure, rather than a new investment product aimed at retail investors in the U.S.
Finally, let's take a look at...
After SUI regained $1 and recorded a monthly increase of 54%, it is entering a more definitive technical range. If the 50-day SMA clearly crosses above the 200-day SMA, the upcoming golden cross may reinforce this trend. At the same time, the RWA strategy of Bitwise is also adding new layers of activity to Sui's continuously expanding financial ecosystem.
The current focus is still on whether buyers can turn the recent breakthrough into sustained support. If they can effectively break through the recent high points, it will provide more reason for a further significant upward continuation; whereas if they can hold onto the base of the breakthrough, it will help to maintain the current bullish structure.
