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CCardano is advancing its position as a smart contract layer for Bitcoin, but Charles Hoskinson argues that the absence of an executive authority will affect the narrative. Key ecosystem players are backing claims that Cardano needs a new narrative amid as the network makes leap toward Bitcoin DeFi. Cardano Requires Executive Voice For Bitcoin DeFi
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The post Sui’s Skyrocketing Trend Now Eyes $5 Breakout: What’s Next for SUI Price? appeared first on Coinpedia Fintech News
Sui’s token price has been on a strong rally over the past few days. While the crypto market has recovered sharply, SUI is seeing an extra boost due to rumors about a potential collaboration with Pokémon. Over the last week alone, Sui has surged nearly 72%, putting it at the top of the list of biggest gainers. With this momentum, there’s a hope that SUI could soon break through the key $5 level.
Sui’s price has been climbing steadily over the past few days, showing strong momentum. What’s catching attention is that buyers are managing to push past resistance levels without much of a pullback. In the last 24 hours alone, Sui saw a spike in liquidations from both long and short positions. According to data from Coinglass, about $22.2 million worth of SUI positions were wiped out, with $7.4 million from buyers and $14.8 million from sellers.
Over the past week, SUI has outperformed the entire top 100 list of cryptocurrencies by market cap, making it the biggest gainer. This rally is largely influenced by rising investor confidence due to the launch of the Grayscale SUI Trust and a new partnership with xPortal and xMoney to roll out a virtual Mastercard across Europe.
Adding to this, there are rumors about a possible collaboration with Pokémon. These rumors started gaining attention after a recent privacy policy update for Pokémon HOME named Parasol Technologies LLC, a Web3 gaming firm acquired by Sui’s parent company, Mysten Labs, in March 2025.
Also read: Sui Price Prediction 2025, 2026 – 2030: SUI Price To Hit $10 This Year?
Sui is still holding its place among the top 10 layer-1 blockchains, with over $1.65 billion in total value locked (TVL) on the network. As shown in the chart below, Sui’s TVL has jumped by around 40% in just the past week. Its daily DEX trading volume has also surged, climbing more than 180% to reach $600 million. This increases the chances of a continued bullish rally toward $5.
Sui is struggling to break above the $3.8 level and is currently trading around $3.6, up over 8% in the past 24 hours. Sellers are working to keep the price below the 20-day EMA to maintain the current downtrend.
Even though bearish pressure is growing, rising buying activity could still push Sui higher. However, the Relative Strength Index (RSI) is around 79, showing that the asset is overbought and that sellers are pushing for a correction.
If buyers can gain enough momentum, Sui could break through the $4.3 resistance and aim for the next target at $5.4. But if selling pressure remains strong and Sui stays under the 20-day EMA, the price could fall back to the key $3 support level.
Read more: Why SUI Crypto Price is Up Today?
A clear drop below $3 could trigger a sharper sell-off, with Sui potentially falling to the next support at $2.4, erasing recent gains and strengthening the downtrend.
The post Sui’s Skyrocketing Trend Now Eyes $5 Breakout: What’s Next for SUI Price? appeared first on Coinpedia Fintech News
Sui’s token price has been on a strong rally over the past few days. While the crypto market has recovered sharply, SUI is seeing an extra boost due to rumors about a potential collaboration with Pokémon. Over the last week alone, Sui has surged nearly 72%, putting it at the top of the list of …
Bitcoin (BTC) is back in the spotlight, soaring for three consecutive days and hitting its highest price since July 29.…
Kraken has launched perpetual futures contracts for Pi Network’s native token, PI, allowing traders to take long or short positions with up to 20x leverage.
The move gives traders a new way to speculate on PI’s price without holding the asset itself. It also marks PI’s debut on a major derivatives platform, despite the token still lacking listings on top spot exchanges like Binance or Coinbase.
Perpetual futures are derivative contracts with no expiration date. Traders can open positions that track the price of PI and settle profits or losses based on price movements over time.
On Kraken Pro, users can access these contracts with over 40 collateral options and across more than 360 markets.
This flexibility allows both hedging and speculative strategies. Traders bullish on Pi Network can go long, while skeptics can short the token—betting that its price will fall.
$PI @PiCoreTeam perpetual futures now live with up to 20x leverage
Why choose Kraken Pro futures:
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Open PI perp
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— Kraken Pro (@krakenpro) May 23, 2025
With 20x leverage, small price swings can lead to outsized gains or losses.
Meanwhile, after a brief rally to $1.57 earlier this month, PI has dropped 10% this week. Despite the ongoing bullish cycle in the market, the altcoin has shown extreme volatility and underperformed expectations.
The listing introduces more liquidity into the PI market. Greater trading activity could reduce volatility in the long term. However, in the short term, leverage may amplify price swings.
Market sentiment around PI is already fragile. Concerns over centralization—60% of the token supply remains under core team control.
Also, as BeInCrypto reported previously, a high concentration of nodes in Vietnam has triggered doubts about the project’s stability. Vietnam’s tightening crypto laws add further pressure.
With futures now in play, bearish traders may open leveraged shorts, potentially accelerating PI’s downward momentum.
Meanwhile, increased volatility could trigger liquidations on both sides, causing sudden price spikes or crashes.
While the futures listing opens new opportunities, it also raises the stakes. Traders should monitor funding rates and open interest to gauge the strength of directional bets.
Overall, Kraken’s move brings new visibility to Pi Network. But for now, there is a lot of skepticism regarding the altcoin’s direction in the spot market.
The post Pi Network Makes Derivatives Debut as Kraken Lists PI Perpetual Futures appeared first on BeInCrypto.
