SUI is entering an accumulation phase as the token touched the multi-year trendline, as two analysts confirmed. As the token reaches the support level, the SUI Hashi test has been on a roll since it was launched 3 weeks ago, and this is adding to the bullish outlook.
SUI is once again testing the multi-year trendline that catapulted the token to $5 in 2025 on the higher time frame, according to analyst CryptoBusy. This is a major support level, and SUI has never crossed below this level. And this shows that the buyers and smart money could be entering the market at this level to catch hold of the rally that would follow if SUI is to rally.
Another analyst who goes by CryptoPatel also stated that SUI was entering a zone that could attract smart money. Usually, smart money waits for the retail market to get bearish, and then they enter the market buying tokens at a discounted rate.
In addition, the network has been seeing strong activity, and this also adds to the bullish outlook. Sui’s Bitcoin bridge is seeing strong activity as the network prepares to bring more Bitcoin liquidity into its ecosystem. The Sui-built bridge has processed more than 1.1 million deposits and over 165,000 withdrawals, highlighting growing demand for moving BTC between Bitcoin and Sui.
At the center of this activity is Hashi, a Bitcoin interoperability protocol designed to allow Bitcoin to interact with DeFi applications and other blockchain-based services without requiring users to leave their BTC idle on the Bitcoin network. Hashi’s testnet has accounted for more than half of all Bitcoin Signet transactions over the past two weeks, while total transaction volume has surpassed five times its pre-launch level.
The surge in withdrawal requests has also prompted the Sui Core team to introduce Overdrive mode and a minimum withdrawal rate to handle demand more efficiently. Ultimately, Hashi aims to make Bitcoin more productive by unlocking access to the enormous amount of BTC that currently remains unused on the Bitcoin blockchain, with the protocol targeting more than $1 trillion in potential Bitcoin liquidity for decentralized applications and financial services.
