Key highlights:
- The SUI price is holding the $0.50-$0.65 Fibonacci support zone, with $0.80 and $1.02 acting as the next major resistance levels
- Bitwise has filed for a spot SUI ETF, introducing a potential institutional catalyst as the SEC begins its review process
- CoinCodex’s 1-month SUI price prediction targets $0.5332, pointing to limited upside unless buyers reclaim key resistance levels
shows some interesting results, too. In the time frame under discussion, the market capitalization of Sui fell from around $3.12 billion to $2.86 billion, representing an 8.3% decrease. The price of SUI fell from around $0.77 to $0.71 within that period, indicating that money is still flowing out of the network.
Another chart tracking the drawdown from Sui’s all-time high shows improving recovery percentages, although the figures displayed don’t fully match the token’s actual price history. Based on Sui’s peak near $25, the current trading range represents a much deeper decline than the chart indicates.
Even with that discrepancy, the broader takeaway remains the same. Market cap has weakened over the short term, but the pace of the decline has slowed compared to previous selloffs.
Could the Bitwise ETF filing change the narrative?
Away from the charts, Bitwise has submitted an S-1 registration statement to the SEC for a spot SUI ETF. The filing is just the initial step in the approval process. The SEC will examine the application, demand any changes needed, and ultimately determine if the product is viable.
In case of approval, the ETF will give investors access to SUI via regular brokerage accounts without having to worry about wallets or tokens at all. It would also place Sui alongside digital assets that are seeking broader institutional access through regulated investment products.
That doesn’t guarantee immediate buying pressure, but it does increase Sui’s visibility within the expanding crypto ETF market. The next milestones will be SEC feedback, any amendments to the filing, and the agency’s final decision.
What comes next for the SUI price?
The next move depends on whether buyers can continue defending support. Holding the $0.50-$0.65 Fibonacci zone keeps the recovery scenario alive. If buyers can reclaim $0.80, attention moves toward the 100-day moving average near $0.89, followed by $1.02 and then $1.71.
If support fails, traders will be watching $0.50 as the final major support level identified on the chart before the correction could extend further. CoinCodex’s 1-month SUI price prediction places the price at $0.5332, pointing to limited upside from current levels unless buyers can defend the $0.50-$0.65 support zone and reclaim resistance around $0.80 before targeting $1.02.
For now, the SUI price remains below its key long-term resistance levels, but improving RSI readings, support holding inside a major Fibonacci zone, and Bitwise’s ETF filing give bulls several reasons to watch the next few trading sessions closely.
Source:: SUI Price Prediction: Sui Faces a Major Test as Bitwise Files for a Spot ETF