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.
