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