The post Sui Price Analysis: Key Support Levels and the Growing Hype for Sui Spot ETF appeared first on Coinpedia Fintech News
Ahead of Wednesday’s CPI data from the U.S. Bureau of Labor Statistics, the altcoin market – led by XRP, and Sui (SUI) – recorded mild gains. After a heavy crypto liquidation in the past few days, the leveraged crypto futures and spot market have significantly cooled down, thus setting the stage for a rejuvenated rebound in the coming days.
Moreover, the stars are all aligned for a parabolic crypto rally in the coming months, led by the regulatory environment change in the United States.
Sui Price Chart Breakdown
After hitting its all-time high (ATH), around $5.3 earlier this year, Sui’s price has been trapped in a falling channel to date. The large-cap altcoin, with a fully diluted valuation of about $22 billion and a 24-hour average trading volume of around $1 billion, has rebounded from the lower border of the falling logarithmic trend in the past two days.
Additionally, the Sui price has been retesting a crucial support range between $2 and $2.39, which will decide its fate in the coming weeks. A potential macro bullish rebound for the Sui price will be confirmed if the altcoin consistently closes above $5.3.
When Spot ETF?
The Sui network has grown to a vibrant DeFi ecosystem, with more than $1 billion in total value locked (TVL) and over $638 million in stablecoins market cap. Remarkably, web3 projects building on the Sui network raised a whopping $200 million in the first three months of 2025, signaling investors’ confidence.
As a result of the palpable growth, the hype on potential spot Sui ETF in the United States has significantly increased.
Already, the VanEck fund manager has been offering a Sui Exchange Traded Note (ETN) on Deutsche Börse and Euronext. Although the ETN is not a spot ETF, its success will heavily impact the desire of other fund managers led by Canary Capital to file a spot Sui ETF soon.
