28-5-2025 – The Sui blockchain’s native token has demonstrated remarkable resilience, recapturing crucial technical support levels that could herald a substantial price appreciation of up to 100% in the forthcoming period. This renewed optimism stems from multiple catalysts converging to create favourable conditions for the digital asset’s trajectory.
Institutional interest drives market confidence
Nasdaq’s recent submission to the U.S. Securities and Exchange Commission for a dedicated Sui exchange-traded fund represents a pivotal moment for institutional recognition. This development follows the successful deployment of 21Shares’ Sui exchange-traded product across European markets, specifically on Euronext Paris and Amsterdam platforms.
European investment appetite has proved substantial, with Sui-focused investment products accumulating $317.2 million in total assets under management according to CoinShares data from May 26. The period between May 16 and May 24 witnessed $2.9 million in fresh capital allocation to Sui products, positioning the asset amongst the top five digital currencies for net inflows alongside Bitcoin, Ethereum, Solana, and XRP.
Technical analysis suggests bullish momentum
The cryptocurrency has successfully regained what trader NebraskanGooner terms the “Gooner EMA” support zone—a technical framework combining 11- and 22-period exponential moving averages that historically signals price direction. This recovery comes after a temporary breach of support levels following a $200 million security exploit affecting Cetus, a decentralised exchange built on the Sui infrastructure.
Fibonacci retracement analysis and the token’s ascending channel formation point towards a potential peak at $7.56, representing more than double current valuation levels. The cryptocurrency’s historical high of approximately $5.36 sits roughly 40% above present trading ranges, suggesting multiple resistance levels must be overcome for new records to emerge.
Market performance and growth trajectory
Since its market debut in July of the previous year, Sui has delivered exceptional returns exceeding 350%, demonstrating the network’s growing adoption and utility. The technical indicator suggests that maintaining current support levels could facilitate a retest of previous peaks, with favourable market conditions potentially driving fresh all-time highs.
Regulatory considerations and investment disclaimers
However, regulatory approval for Nasdaq’s proposed ETF remains subject to Securities and Exchange Commission review, mirroring the uncertain approval pathway faced by most cryptocurrency-based investment products. The regulatory landscape continues to evolve, with approval timelines remaining unpredictable.
