As of January 11, 2026, SUI's performance is worth paying attention to. The current price is holding steady at $1.80, with a modest 24-hour gain of only +0.7%, but looking at the longer 7-day timeframe shows a gain of +7.1%, indicating the trend is still moving upward. In terms of trading volume, the daily average is $402M, with stable scale, and market cap ranking is currently in the 17-27 range.

From a technical indicators perspective, the 1-hour and 4-hour RSI are at 48.11 and 49.21 respectively, both in neutral territory, neither cold nor hot. What's interesting is that the daily RSI has broken through 63.03, which is a bullish signal. While it hasn't reached overbought levels yet, the bulls are gradually gaining the advantage. Open interest size is between $813-815M, growing 3.36% in 24 hours, indicating rising market participation. The funding rate situation is somewhat mixed—a major exchange shows -0.0074% (shorts paying longs), but another exchange's data shows +0.0065% (longs with slight premium).

From liquidation data, $545.18k was liquidated in 24 hours, with long positions accounting for 72% at $390.14k, indicating that prior downward pressure has basically been released. On the on-chain ecosystem side, TVL is now at $102.1M, with a slight 24-hour decline of -0.93%, and net outflows of $3.61M over the past week reflecting mild selling pressure. However, the positive is that 24-hour fees are only $22,548 (not high), DEX daily average trading volume of $92.31M remains stable, with no signs of network activity decline.

There are several fundamental catalysts worth noting. Mysticeti v2 upgrade has achieved the 866 TPS performance target. More importantly, Mysten Labs released a privacy research paper on January 10, introducing zero-knowledge proofs and homomorphic encryption to enable programmable privacy, which is viewed by institutions as a new catalyst for compliant asset flows. Additionally, on January 9, multiple institutions applied for spot SUI products.