As the first two spot SUI exchange-traded funds (ETFs) debut in the US, some analysts have suggested that the cryptocurrency could be preparing for a massive recovery after bouncing from a crucial support level. Related Reading: BNB Chain’s AI Agent Ecosystem Surges As Crypto Markets Bleed SUI’s Institutional Momentum Expands On Wednesday, Grayscale and Canary Capital debuted the first two spot SUI ETFs, offering direct, regulated exposure to the cryptocurrency while allowing investors to benefit from staking rewards. Notably, Grayscale expanded its lineup of crypto-based products by converting its Grayscale SUI Trust into a spot ETF, which is now live on NYSE Arca under the GSUI ticker. According to the announcement, the fund is designed to “provide investors with exposure to SUI and its staking activity through an ETP, offering a convenient way to gain exposure to a network designed for scalable, real-world applications, and the next generation of digital experiences.” Krista Lynch, Senior Vice President, ETF Capital Markets, at Grayscale, affirmed that “GSUI’s launch on NYSE Arca marks an important milestone in expanding the range of exchange-traded products tied to the Sui ecosystem, including exposure to potential staking rewards.” Meanwhile, Canary Capital launched the first US spot ETF for the cryptocurrency on Nasdaq under the SUIS ticker. The Canary Capital Staked SUI ETF “brings that exposure into a regulated, exchange-traded structure, providing investors access to SUI and its staking reward potential,” stated Steven McClurg, CEO at Canary Capital. “Canary continues to deliver on its strategy to translate emerging blockchain networks into accessible, exchange-traded investment vehicles, and we’re pleased to add SUIS in the category,” he continued. The Sui Foundation highlighted that the latest launches added to a series of institutional milestones in the ecosystem, including multiple Sui-linked investment products and strategic initiatives from firms like 21Shares, Bitwise, and Franklin Templeton. SUI Preparing For Major Price Recovery? Amid the spot ETFs’ debut, SUI’s price continued its sideways movement under the $1.00 barrier, trading between $0.93 and $0.98 throughout the day. Ali Martinez suggested that the cryptocurrency could be preparing for a move to higher levels, noting it recently retested a key support level. As Martinex explained, SUI tested and bounced from a two-year rising support line after the early February market crash. This ascending trendline has previously triggered major rallies. According to the chart, the last two times the cryptocurrency hit this support line, it jumped 365% and 850% rallied respectively, with the latest sending its price toward its $5.35 all-time high (ATH) in the following months. To the analyst, if SUI holds the $0.80 area, “history suggests upside could follow. And this time, fundamentals are lining up too.” He pointed out that the growing institutional exposure and the technical structure alignment could set up a base “for something much bigger.” Related Reading: Crypto Funds Bleed $173M As Outflows Extend To Fourth Week – Report Similarly, market observer Bitcoinsensus highlighted SUI’s macro structure, which signals a potential leg up toward new highs. Per the post, the altcoin “has been moving up in a very technical structure” since its launch, repeating a 5-wave up followed by a 3-wave correction. The chart shows that the price is likely near the end of the C-wave of its corrective move, suggesting a new impulsive 5-wave structure could develop in the coming months. “If this trend continues, we could see SUI reach prices above 10$ per coin,” the analyst concluded. Featured Image from Unsplash.com, Chart from TradingView.com
SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? Market sentiment has been shifting as altcoins regain strength alongside Bitcoin’s consolidation above $95K. In this context, SUI has emerged as one of the stronger performers. Still, the challenge lies in clearing the $4 level with volume, which could unlock further upside potential and open the path toward price discovery. Top analyst Kaleo shared an insightful analysis on X, noting that SUI is gaining momentum and looks poised to reclaim the $4 mark soon. According to Kaleo, this level could act as the launchpad for the next leg higher, provided bulls maintain pressure and volume supports the move. With macro uncertainty still clouding the broader market, SUI’s upcoming price action could serve as a barometer for altcoin strength in the near term. SUI Leads Altcoins As Bulls Target $4 SUI has emerged as one of the most resilient and promising Layer-1 (L1) blockchains in the current market cycle. A Layer-1 blockchain refers to the foundational network infrastructure of a blockchain ecosystem—examples include Ethereum, Solana, and now SUI. These platforms host smart contracts and decentralized applications (dApps), and their strength often defines how much developer activity and user engagement they attract. In this context, SUI is positioning itself as a serious contender in the competitive L1 space. Amid growing volatility and macroeconomic uncertainty, SUI has held up remarkably well, showing strength even as other altcoins remain trapped in consolidation. Its relative strength against Bitcoin—often a key indicator of altcoin momentum—has not gone unnoticed. Kaleo recently noted that SUI is displaying a solid performance versus BTC and appears ready to reclaim the $4 level, a major resistance area that has capped the upside for weeks. A clean break above $4 could trigger a broader rally, especially if market conditions remain favorable for altcoins. However, despite the bullish signals, risks remain high. Some analysts warn that the market could face another retrace as global tensions and uncertain liquidity conditions continue to shape sentiment. In such an environment, investors are watching closely to see if SUI can defy the trend. Its recent strength suggests it could outperform other L1s during the next phase of the market, especially if capital rotates back into high-potential altcoins. Related Reading: Dogecoin Whales Buy 100 Million DOGE In 24 Hours – Demand Signals Growing Confidence With bullish structure intact and volume beginning to build, SUI could be one of the first major altcoins to lead the charge—if the breakout above $4 confirms. Price Holds Key Support Ahead Of Breakout Test SUI is currently trading at $3.46, holding firm above the 200-day moving average (MA), which sits around the $3.25 level. This key technical support has acted as a strong foundation during recent volatility, signaling that bulls still maintain control of the short-term structure. As long as SUI stays above this zone, the possibility of continuation remains intact. The next major hurdle lies at the $4 mark—a psychological and technical resistance level that has rejected price advances several times in recent weeks. A decisive breakout above $4, followed by a close above the $4.20 area, would confirm a bullish setup and could trigger further upside momentum toward new highs. However, caution is warranted. If SUI fails to reclaim $4 and slips below the $3.20 level, it may test deeper support near the $2.80 zone. Losing this range could shift sentiment and open the door to a broader correction, especially if weakness returns to the overall altcoin market. Related Reading: Whales Sell 262,000 Ethereum Amid Recent Price Surge – Smart Exit Or Profit-Taking? For now, bulls are in a position of strength, but confirmation requires sustained buying pressure and a clean breakout above overhead resistance. The coming sessions will be key in determining whether SUI can lead the next altcoin rally. Featured image from Dall-E, chart from TradingView
SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the pullback, SUI lost the $4 support for the first time since December, dropping to its lowest price in over a month. The cryptocurrency has been one of the strongest altcoins this cycle, leading the market throughout the Q2 2024 retraces and Q3 rally. This year, SUI has also risen as one of the leading cryptocurrencies, surging above the $5 barrier for the first time and hitting its latest all-time high (ATH) of $5.36 at the start of the month. Since then, the token has hovered between the $4.05 to $5.20 price range. After Monday’s fall to $3.49, the $4 mark acted as resistance, with the cryptocurrency failing to break past it until today. SUI jumped 9.8% to recover the key support zone, bouncing another 5% to $4.2 on Thursday morning. Crypto analyst Carl Runefelt noted that the token is testing its ascending level again after losing it as support. This ascending line has been a key support level over the last few months but acted as resistance after the recent correction. To turn this line back into support and continue its ascending trajectory, SUI must hold above the $4.18 mark. Reclaiming the ascending line could also propel SUI’s price to retest the $5 barrier. SUI’s Price Eyes Double-Digits This Year Patrick Bush, senior investment analyst at asset manager VanEck, shared his outlook for SUI’s long-term performance in a recent competitive analysis against Aptos (APT), which are often compared. According to the analyst, SUI is set to outperform APT this year due to the Network’s advantages, efficiency, and scaling potential, which has translated into a better-priced DeFi ecosystem to market makers: We believe the evidence supports Sui over Aptos due to its performance advantages and scaling potential. We find that It currently offers capabilities that are not replicated in Aptos. Among these are Local Fee Markets, Pilot Fish, and Fast Path. Additionally, Sui may offer a set of technical capabilities and economics that prove more attractive to market markers, resulting in a better-priced DeFi ecosystem. The analysis underscores that SUI’s attractiveness has drawn token investors and application builders, resulting in a better token performance and a more vibrant ecosystem. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Bush also pointed out that the cryptocurrency leads in retail investment: “In Fact, in the last 90 days, global search interest for Sui was higher than it was for Solana on 17 days and higher than Ethereum on 16 days,” he noted. The analyst projected the token to reach a market capitalization of $61 billion by the end of 2025, which would see the price rising to around $16, a 300% increase from the current range. As of this writing, SUI trades at $4.13, a 14% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49. However, the token rebounded swiftly, stabilizing at approximately $4.55, representing a 12.8% increase from the week’s low and just 8.9% shy of its record price, SUI Surges Amid Market Volatility In stark contrast, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have continued to experience downward corrections following the US Federal Reserve’s (Fed)0 recent decision regarding interest rates. The Fed’s dovish stance has negatively impacted risk assets, contributing to a generally bearish sentiment in the market that led the market’s leading crypto, to retrace almost 10% from the record high of $108,000. The volatility surrounding SUI led to nearly $14 million in liquidations across both long and short positions on centralized exchanges, with Binance reporting the highest liquidation rates within the past 24 hours, according to data from Coinalyze. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? Notably, recent analysis has indicated that Sui ranks third in net inflows over the past three months, with close to $1 billion entering the network, highlighting the growing investor interest in SUI, further bolstered by a new partnership with Phantom wallet. Crypto analyst Route 2 FI noted in a recent social media post on X (formerly Twitter), that the bullish reversal in SUI’s price indicated strong investor sentiment, culminating in the token’s record peak at the beginning of the week. Analyst Targets $6 As Market Momentum Builds Michael van de Poppe, another respected analyst, pointed out the substantial daily candle movement in SUI, emphasizing that the price dipped into support before quickly bouncing back. He expressed optimism that this trend is far from over, suggesting that SUI could continue its upward trajectory with a target of $6 in sight. The recent surge in SUI’s price is also expected to attract Bitcoin liquidity into its ecosystem, further enhancing the token’s bullish prospects. Technical analyst Rekt Capital highlighted that SUI has effectively executed a post-breakout retest from its re-accumulation range. Rekt also noted that strategic partnerships with Babylon Labs and Lombard Finance would facilitate the integration of Bitcoin liquidity, which could significantly benefit the Sui platform. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals The growing interest in SUI raises questions about its potential performance in 2025. However, crypto researcher Eyezenhour recently emphasized that while there are numerous reasons for optimism regarding SUI’s future, the key factor is attention. The researcher contends that the Sui Network has started to captivate institutional investors, a trend attributed to its dominant technology, upcoming integrations with Phantom and Backpack, and a talented core and executive team. This is expected to continue throughout the current bullish cycle and into 2025, adding to the bullish sentiment for the altcoin as the year draws to a close. Featured image from DALL-E, chart from TradingView.com
SUI trades at crucial supply levels, sparking intense speculation among traders and analysts about its next move. After recently reaching a new all-time high (ATH), the price failed to sustain above its previous ATH, raising concerns about whether this was a genuine breakout or merely a fakeout. The current price action has left market participants waiting for confirmation as bulls attempt to reclaim dominance. Related Reading: Dogecoin Is ‘Ready To Run Again’ – Analyst Expects 60% Rally Renowned analyst and investor Carl Runefelt has shared a bullish outlook for SUI, predicting an imminent breakout. According to his analysis, a successful push above the current supply levels could trigger a rally toward $4.20 in the coming days—or potentially within hours. Runefelt’s perspective adds confidence to the market sentiment, suggesting that SUI still holds the potential to reclaim its upward trajectory despite recent setbacks. The coming days are crucial for SUI as traders monitor whether bulls can overcome the key resistance levels. A decisive breakout could solidify SUI’s position as one of the most promising assets in the crypto market. At the same time, a failure to do so might result in prolonged consolidation or a deeper pullback. All eyes remain on the $4.20 target and SUI’s bullish momentum. SUI Only 5% Away From ATH SUI recently surged to a new all-time high (ATH) but failed to hold above the previous ATH of $4.05 set on November 17. Despite this brief pullback, the price action indicates that SUI remains poised to reclaim and surpass its ATH, with analysts and investors expecting significant upside momentum shortly. Top analyst Carl Runefelt provided a detailed technical analysis on X, highlighting that SUI recently broke out of a 4-hour symmetrical triangle pattern, signaling bullish momentum. SUI trades within a bullish flag formation, a classic continuation pattern often preceding substantial price rallies. Runefelt has set a price target of $4.20 in the coming hours, which he believes could act as the next major resistance before SUI establishes new highs. The broader market environment adds further confidence to this bullish outlook. With strong momentum, Bitcoin’s breakout above the $100K level has historically triggered altcoin rallies as liquidity flows from BTC into smaller assets. This dynamic positions SUI for a potential surge as it benefits from heightened interest across the cryptocurrency market. Related Reading: $1.87B Bitcoin Withdrawals From Coinbase In 24H – What This Means To Price While the short-term outlook for SUI appears bullish, the price must break and hold above its previous ATH to confirm sustained upward momentum. All eyes are on $4.20 as traders await the next move in SUI’s exciting rally. Price Discovery Rally Or Settling Correction? SUI is trading at $3.83 after briefly breaking its all-time high (ATH) but retracing over 6% from the recent peak. Despite the pullback, the price remains within striking distance of key resistance levels that could determine its next move. If SUI breaks above $3.88 and successfully reclaims the November 17 ATH at $3.94 as support, it will likely trigger another breakout, setting the stage for a price discovery rally. Reclaiming and holding these levels would signal strong bullish momentum, potentially driving SUI into uncharted territory as buyers fuel the next leg of its rally. Such a scenario would align with the broader market sentiment following Bitcoin’s recent rally above $100K, which has historically increased demand for altcoins. Related Reading: Dogecoin Whales Keep Buying – DOGE Metrics Reveal Demand Remains Strong However, there is a risk if SUI fails to break above $3.88 and $3.94 in the near term. A rejection at these levels could result in continued consolidation as the price struggles to find direction. This would likely keep SUI trading within a range, frustrating bulls seeking a breakout. Worse, a failure to maintain support could lead to a deeper correction, testing lower demand zones and cooling market enthusiasm. Featured image from Dall-E, chart from TradingView