Sui Price Jumps 14% to $4.26 amid ETF Hopes

Sui (SUI) surged 14% in the past 24 hours, reaching $4.26 as bullish technical patterns, Bitcoin’s rebound, and renewed ETF speculation pushed the altcoin higher.

The breakout above $4.20 triggered renewed interest from traders, as SUI broke out of a multi-week consolidation phase.

The rally was backed by strong confirmation: 24-hour trading volume spiked 146% to $2.25 billion, pointing to large-scale accumulation. Analysts highlighted the emergence of a bullish cup-and-handle formation, suggesting a long-term price target as high as $10. With the RSI hovering at 61.3, the asset still has room to run before hitting overbought levels.

ETF optimism provided another key catalyst. The U.S. Securities and Exchange Commission (SEC) officially acknowledged 21Shares’ filing for a SUI ETF, adding fresh speculation that Sui may soon attract regulated institutional capital. While the ETF approval process remains uncertain, the acknowledgment alone helped spark new momentum.

Sui’s growing ecosystem is also fueling demand. Its DeFi total value locked (TVL) recently hit $2.33 billion, largely driven by activity on protocols like Suilend and NAVI. Additionally, new cross-chain integrations — such as NEAR Protocol’s Intents — have expanded accessibility and utility, further strengthening investor sentiment.

Bitcoin’s recovery added fuel to the move. A $3,000 bounce from $114,500 to $117,000 helped lift overall altcoin liquidity, with the total crypto market cap gaining $70 billion in just one day. This macro support provided the tailwind needed for SUI’s breakout.

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Technically, Sui is now trading above its 50-day EMA ($3.05) and above the key 23.6% Fibonacci level at $3.85. The next resistance lies near $4.34, with some analysts watching the 161.8% extension zone as the next potential price ceiling.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.