SUI Price: Key Levels Hold as Ecosystem Support, and ETF Momentum Signal Potential Rally

1 day ago 11

TLDR:

SUI trades between $3.43 and $3.95 with rising volume suggesting bullish accumulation.
Nasdaq’s SUI ETF filing triggers 8% surge and boosts weekly inflows to $3 million.
Sui Foundation froze $162M post-hack and fully compensated users, earning praise.
Fibonacci targets show a potential 2x move toward $7.56 if momentum holds.

SUI, the native token of the Sui blockchain, is holding steady at $3.58 despite recent market volatility. The token has traded within a narrow range of $3.43 to $3.95 over the past week, signaling consolidation.

While SUI’s price dipped 2.10% in the last 24 hours, trading volume surged 7.10% to over $1.14 billion. Analysts suggest the combination of rising volume, ecosystem resilience, and institutional interest could drive a breakout.

Recent events, including the $CETUS exploit and Nasdaq’s ETF filing, have placed SUI in the spotlight.

SUI Price Chart Hints at Breakout Potential

Crypto analysts are closely watching SUI’s price chart for signs of a breakout. According to CryptoED, the token’s consolidation around $3.50, coupled with rising volume, indicates bullish momentum.

WessWeb3 highlighted that SUI recently reclaimed its Gooner EMA range, a technical indicator pointing to the potential for a 2x move.

Fibonacci retracement levels suggest a possible price target of $7.56, nearly 100% above its current value. This follows the recent $CETUS exploit, where the Sui Foundation showcased its commitment by compensating affected users. Such actions have strengthened confidence in the ecosystem.

$SUI might be gearing up for a major breakout.

With Nasdaq’s ETF filing stirring institutional attention and price reclaiming the Gooner EMA range post-Cetus exploit.

Technicals are aligning for a potential 2x move. The Fibonacci setup projects $7.56 as a possible next high:… pic.twitter.com/GISfQ1zYUc

— Wess (@WessWeb3) May 29, 2025

Institutional interest is growing, further boosting the token’s prospects. On May 28, 2025, Nasdaq filed for a 21Shares Sui ETF, sparking an 8% price increase to $3.70. European-listed Sui products also saw inflows of nearly $3 million in just one week, bringing total assets under management (AUM) to $317 million.

Analysts believe such developments could position the asset for long-term growth, especially with its focus on real-time applications like DeFi and gaming. However, some critics have raised concerns about the network’s centralization after it froze funds during the $CETUS exploit.

Ecosystem Resilience Bolsters Long-Term Trust

SUI’s ecosystem has demonstrated resilience in the face of challenges, strengthening trust among users and investors. Following the $223 million $CETUS hack on May 22, 2025, the Sui Foundation took swift action by freezing $162 million and compensating users.

CryptoED praised the team’s response, calling it a rare move in the DeFi space. Such solidarity among projects highlights the ecosystem’s strength and commitment to growth.

$SUI is holding steady around $3.50, coiling up in a tight range — and it looks ready to move.
The chart’s clean. Volume’s there. Breakout vibes are building. 👀

But what really makes me bullish?

The way the ecosystem shows up.

After the $CETUS exploit, the team is fully… pic.twitter.com/6vuOtGpD2x

— CryptoED (@Crypto_ED7) May 29, 2025

As the blockchain aims to onboard the next billion Web3 users, its focus on speed, low-cost transactions, and ecosystem collaboration could prove pivotal.

SUI’s mix of technical momentum, institutional backing, and ecosystem strength positions it as a key player in the blockchain space. While risks remain, the potential for a breakout to $7.56 has attracted traders.