All about the Sui Ethena partnership and its impact on price action
The post All about the Sui Ethena partnership and its impact on price action appeared on BitcoinEthereumNews.com.
Key Takeaways How are ENA and Sui performing technically? ENA rebounded from its demand zone with targets at $0.70, $0.85, and $1.00, while Sui eyes a breakout toward $4.40. What fundamentals are shaping the recovery outlook? Sui netflows show $11.35 million in outflows signaling accumulation, and whales added 12M ENA amid the SUI Ethena Partnership boost. Since last week, the Sui [SUI] Ethena [ENA] partnership has gained momentum with the announcement of suiUSDe, a synthetic dollar designed to power DeFi adoption on Sui. This collaboration between Sui, SUIG, and Ethena marks a significant milestone as it ties network growth to stronger fundamentals. While Sui positions itself for wider ecosystem expansion, Ethena continues to attract investor attention. The dual effect of a new stablecoin launch and rising market confidence has placed both tokens in focus as traders speculate on near-term breakout opportunities. ENA price shows resilience from demand zone ENA recently rebounded from a key demand zone around $0.55, highlighting strong buying pressure that revived its short-term outlook. Price action now points toward resistance levels at $0.70, $0.85, and the psychological $1.00 barrier, which could serve as pivotal milestones for bullish continuation. Despite earlier declines, the latest recovery wave has reinforced investor confidence, creating renewed interest among traders anticipating higher levels. Momentum remains closely tied to sustained volume, as a decisive break above $0.70 could fuel broader upside acceleration toward the $1.00 mark. Source: TradingView Can Sui break free from its descending channel toward $4.40? Sui has been consolidating within a descending channel, but recent chart movement shows signs of a potential breakout. The token bounced from the $3.08 support zone, with momentum now building toward the $3.91 resistance. A breakout above this descending channel could set up a bullish path toward the $4.40 target. Market sentiment around this setup has…
Filed under: News - @ October 4, 2025 3:20 am