Sui (SUI) Shows Signs of Recovery With Potential Upside to $3.55

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What to Know

  • Prominent crypto analyst BeLaunch noted that the U.S. Securities and Exchange Commission has postponed a decision on the 21Shares SUI ETF.
  • Also Read | SUI Price Analysis: Cup and Handle Pattern Targets $8.07 Amid Bullish Momentum
  • SUI's trading activity fell -10.70% in market volume to $5.11B, while open interest held steady with a modest rise of 0.10% to $1.84B.
sui
  • SUI shows recovery after recent dip, drawing renewed attention from crypto investors.
  • Analysts highlight $3.50–$3.55 potential if buying momentum continues, $3.20 remains crucial support.
  • SEC delays 21Shares SUI ETF decision, keeping regulatory uncertainty in focus for investors.

Sui is showing signs of recovery after a recent dip and is drawing renewed attention in the crypto market. Analysts note that if buying momentum continues, the token could move higher, and certain support levels remain crucial to prevent further declines.

Sui (SUI) is currently trading at $3.37, with a 24-hour trading volume of $1.24 billion and a market capitalization of $7.88 billion. The token has risen 1.47% in the last 24 hours, indicating renewed investor interest.

Source: CoinMarketCap

SEC Delays 21Shares SUI ETF Decision

Prominent crypto analyst BeLaunch noted that the U.S. Securities and Exchange Commission has postponed a decision on the 21Shares SUI ETF. The postponement is the latest in a long series of delays for crypto ETF applications, as regulators consider risk, liquidity, and investor protections.

SUI Recovery Signals Potential Price Surge

Another well-known crypto analyst, BitGuru, also pointed out that SUI is trading at $3.28, having recovered from recent lows after touching the primary support level. If buying pressure increases further, SUI could reach a range of $3.50–$3.55, while $3.20 remains a key level to watch on the downside.

Source: X

Analysts are observing the token closely as regulatory developments and price action influence the next SUI price movement.

Also Read | SUI Price Analysis: Cup and Handle Pattern Targets $8.07 Amid Bullish Momentum

SUI Derivatives Show Steady Momentum

SUI’s trading activity fell -10.70% in market volume to $5.11B, while open interest held steady with a modest rise of 0.10% to $1.84B. Together, these indicate that investors remain active despite weaker spot activity, showing greater interest in derivatives positions than in buying or selling pressure at the spot level.

Source: Coinglass

The OI-weighted rate stands at 0.0079%, indicating a fairly neutral market mood. It shows stable funding costs, with neither long nor short traders holding extreme dominance. Steady funding levels suggest a consolidating market poised for its next major move.

Source: Coinglass

Also Read | SUI Growth Continues Eyeing $3.90 Amid Strong Adoption

Zagham Abbas

Zagham Abbas

Zagham Abbas is a Blockchain Infrastructure Reporter at Tron Weekly with over five years of experience covering cryptocurrency markets, blockchain infrastructure, and digital asset regulation. His reporting focuses on core blockchain networks, protocol-level developments, decentralized finance ecosystems, and major assets such as Bitcoin, Ethereum, and altcoins.
Zagham covers network upgrades, protocol changes, scalability developments, security incidents, and ecosystem adoption across leading blockchain platforms. He also provides market analysis, explaining how infrastructure updates and regulatory actions impact digital asset markets. His work delivers clear, fact-based reporting for both beginners and experienced readers. He holds a Bachelor of Arts degree and follows strict editorial and fact-checking standards at Tron Weekly.

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