The launch of 21Shares’ SUI ETF has sparked investor interest, but is there a price rally brewing? Analysts are watching this development closely, particularly after the SEC granted approval for the first-ever 2x leveraged SUI Exchange Traded Fund (TXXS). This new product offers investors amplified daily exposure to the fast-growing Sui blockchain ecosystem.
While the launch marks a significant step for Sui, especially its foray into traditional markets through Nasdaq, the coin’s price has yet to experience an immediate spike.
Coin price did drop 1.32% in 24 hours following the ETF news, trading around $1.65 with a market cap of $6.17B and a significant volume of $754.8M.
However, weekly chart data reveals a 7% upward spike, indicating positive sentiment. The coin recently bounced back from a low near $1.20, with the RSI at 46.9, suggesting neutral momentum.
What’s Next? Short-Term and Long-Term Outlook:
Experts predict a range-bound trading pattern for the short term, possibly between $1.40-$1.80. Should it break above $1.85, a potential rally to $2.00 might occur. However, if momentum weakens, the coin could retest the $1.35 level.
For the long-term, the focus is on reclaiming the $2.50 mark between Q1 and Q2 2026. If Sui achieves this, further resistance levels at $2.80-$3.20 might be reached, followed by a major hurdle of $3.50.
The long-term projection for SUI suggests the possibility of revisiting highs around $4.00-$5.00 by late 2026. However, a bearish macroeconomic trend could limit gains to $3.00.
In conclusion, the launch of the 21Shares SUI ETF signifies a major move for the coin entering regulated markets. While immediate price reactions remain subdued, long-term growth depends on ecosystem development, market demand, and broader economic recovery.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research before any crypto investment.