• bitcoinBitcoin(BTC)$118,222.001.33%
  • ethereumEthereum(ETH)$3,169.176.38%
  • rippleXRP(XRP)$2.932.72%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$692.651.89%
  • solanaSolana(SOL)$164.212.52%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1994794.21%
  • staked-etherLido Staked Ether(STETH)$3,166.456.46%
  • tronTRON(TRX)$0.3008760.68%
  • cardanoCardano(ADA)$0.753.73%
  • HyperliquidHyperliquid(HYPE)$47.820.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$118,057.001.33%
  • stellarStellar(XLM)$0.4592293.05%
  • suiSui(SUI)$4.003.04%
  • Wrapped stETHWrapped stETH(WSTETH)$3,827.966.01%
  • hedera-hashgraphHedera(HBAR)$0.2360692.81%
  • bitcoin-cashBitcoin Cash(BCH)$499.542.15%
  • avalanche-2Avalanche(AVAX)$22.025.92%
  • Wrapped eETHWrapped eETH(WEETH)$3,398.136.18%
  • leo-tokenLEO Token(LEO)$8.85-1.69%
  • shiba-inuShiba Inu(SHIB)$0.0000146.02%
  • the-open-networkToncoin(TON)$3.125.26%
  • WETHWETH(WETH)$3,171.196.58%
  • litecoinLitecoin(LTC)$96.444.03%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.05%
  • whitebitWhiteBIT Coin(WBT)$44.45-2.17%
  • polkadotPolkadot(DOT)$4.136.64%
  • moneroMonero(XMR)$331.71-1.40%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,202.001.28%
  • uniswapUniswap(UNI)$9.303.13%
  • pepePepe(PEPE)$0.0000136.96%
  • Ethena USDeEthena USDe(USDE)$1.000.15%
  • bitget-tokenBitget Token(BGB)$4.656.48%
  • aaveAave(AAVE)$334.066.47%
  • BittensorBittensor(TAO)$443.047.21%
  • daiDai(DAI)$1.00-0.03%
  • Pi NetworkPi Network(PI)$0.445614-0.86%
  • aptosAptos(APT)$5.217.07%
  • crypto-com-chainCronos(CRO)$0.1082904.43%
  • nearNEAR Protocol(NEAR)$2.696.61%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.10%
  • OndoOndo(ONDO)$0.956.18%
  • internet-computerInternet Computer(ICP)$5.585.75%
  • ethereum-classicEthereum Classic(ETC)$19.558.54%
  • okbOKB(OKB)$47.380.49%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$200.122.90%
  • algorandAlgorand(ALGO)$0.2843393.85%
  • bonkBonk(BONK)$0.0000318.71%
  • mantleMantle(MNT)$0.720.86%
  • Pump.funPump.fun(PUMP)$0.00669015.50%
  • kaspaKaspa(KAS)$0.0889076.44%
  • EthenaEthena(ENA)$0.3634289.91%
  • USD1USD1(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.0252645.78%
  • arbitrumArbitrum(ARB)$0.4367509.37%
  • cosmosCosmos Hub(ATOM)$4.705.16%
  • sei-networkSei(SEI)$0.3687887.56%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2335484.58%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.03264512.18%
  • render-tokenRender(RENDER)$3.936.98%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.7611.09%
  • fasttokenFasttoken(FTN)$4.49-0.34%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,172.066.33%
  • Official TrumpOfficial Trump(TRUMP)$9.554.86%
  • gatechain-tokenGate(GT)$15.911.98%
  • sUSDSsUSDS(SUSDS)$1.060.03%
  • worldcoin-wldWorldcoin(WLD)$1.086.09%
  • filecoinFilecoin(FIL)$2.645.39%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,908.001.27%
  • SkySky(SKY)$0.0795163.25%
  • quant-networkQuant(QNT)$113.493.40%
  • SPX6900SPX6900(SPX)$1.7416.54%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$174.502.66%
  • JupiterJupiter(JUP)$0.528.75%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.771.39%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,325.556.37%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,613.336.60%
  • kucoin-sharesKuCoin(KCS)$11.661.52%
  • USDtbUSDtb(USDTB)$1.000.01%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.03%
  • CelestiaCelestia(TIA)$1.987.93%
  • USDT0USDT0(USDT0)$1.000.08%
  • nexoNEXO(NEXO)$1.311.90%
  • StoryStory(IP)$4.443.68%
  • injective-protocolInjective(INJ)$13.299.26%
  • blockstackStacks(STX)$0.816.63%
  • xdce-crowd-saleXDC Network(XDC)$0.0781685.73%
  • optimismOptimism(OP)$0.7110.91%
  • flare-networksFlare(FLR)$0.0174452.50%
  • FartcoinFartcoin(FARTCOIN)$1.22-2.96%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,332.266.37%
  • SonicSonic(S)$0.3655847.52%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,389.956.23%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$117,886.001.17%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.684.00%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%
  • bitcoinBitcoin(BTC)$118,222.001.33%
  • ethereumEthereum(ETH)$3,169.176.38%
  • rippleXRP(XRP)$2.932.72%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$692.651.89%
  • solanaSolana(SOL)$164.212.52%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1994794.21%
  • staked-etherLido Staked Ether(STETH)$3,166.456.46%
  • tronTRON(TRX)$0.3008760.68%
  • cardanoCardano(ADA)$0.753.73%
  • HyperliquidHyperliquid(HYPE)$47.820.39%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$118,057.001.33%
  • stellarStellar(XLM)$0.4592293.05%
  • suiSui(SUI)$4.003.04%
  • Wrapped stETHWrapped stETH(WSTETH)$3,827.966.01%
  • hedera-hashgraphHedera(HBAR)$0.2360692.81%
  • bitcoin-cashBitcoin Cash(BCH)$499.542.15%
  • avalanche-2Avalanche(AVAX)$22.025.92%
  • Wrapped eETHWrapped eETH(WEETH)$3,398.136.18%
  • leo-tokenLEO Token(LEO)$8.85-1.69%
  • shiba-inuShiba Inu(SHIB)$0.0000146.02%
  • the-open-networkToncoin(TON)$3.125.26%
  • WETHWETH(WETH)$3,171.196.58%
  • litecoinLitecoin(LTC)$96.444.03%
  • USDSUSDS(USDS)$1.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.000.05%
  • whitebitWhiteBIT Coin(WBT)$44.45-2.17%
  • polkadotPolkadot(DOT)$4.136.64%
  • moneroMonero(XMR)$331.71-1.40%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$118,202.001.28%
  • uniswapUniswap(UNI)$9.303.13%
  • pepePepe(PEPE)$0.0000136.96%
  • Ethena USDeEthena USDe(USDE)$1.000.15%
  • bitget-tokenBitget Token(BGB)$4.656.48%
  • aaveAave(AAVE)$334.066.47%
  • BittensorBittensor(TAO)$443.047.21%
  • daiDai(DAI)$1.00-0.03%
  • Pi NetworkPi Network(PI)$0.445614-0.86%
  • aptosAptos(APT)$5.217.07%
  • crypto-com-chainCronos(CRO)$0.1082904.43%
  • nearNEAR Protocol(NEAR)$2.696.61%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.180.10%
  • OndoOndo(ONDO)$0.956.18%
  • internet-computerInternet Computer(ICP)$5.585.75%
  • ethereum-classicEthereum Classic(ETC)$19.558.54%
  • okbOKB(OKB)$47.380.49%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Jito Staked SOLJito Staked SOL(JITOSOL)$200.122.90%
  • algorandAlgorand(ALGO)$0.2843393.85%
  • bonkBonk(BONK)$0.0000318.71%
  • mantleMantle(MNT)$0.720.86%
  • Pump.funPump.fun(PUMP)$0.00669015.50%
  • kaspaKaspa(KAS)$0.0889076.44%
  • EthenaEthena(ENA)$0.3634289.91%
  • USD1USD1(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.0252645.78%
  • arbitrumArbitrum(ARB)$0.4367509.37%
  • cosmosCosmos Hub(ATOM)$4.705.16%
  • sei-networkSei(SEI)$0.3687887.56%
  • polygon-ecosystem-tokenPOL (ex-MATIC)(POL)$0.2335484.58%
  • Pudgy PenguinsPudgy Penguins(PENGU)$0.03264512.18%
  • render-tokenRender(RENDER)$3.936.98%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.7611.09%
  • fasttokenFasttoken(FTN)$4.49-0.34%
  • Binance-Peg WETHBinance-Peg WETH(WETH)$3,172.066.33%
  • Official TrumpOfficial Trump(TRUMP)$9.554.86%
  • gatechain-tokenGate(GT)$15.911.98%
  • sUSDSsUSDS(SUSDS)$1.060.03%
  • worldcoin-wldWorldcoin(WLD)$1.086.09%
  • filecoinFilecoin(FIL)$2.645.39%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$117,908.001.27%
  • SkySky(SKY)$0.0795163.25%
  • quant-networkQuant(QNT)$113.493.40%
  • SPX6900SPX6900(SPX)$1.7416.54%
  • Binance Staked SOLBinance Staked SOL(BNSOL)$174.502.66%
  • JupiterJupiter(JUP)$0.528.75%
  • Jupiter Perpetuals Liquidity Provider TokenJupiter Perpetuals Liquidity Provider Token(JLP)$4.771.39%
  • Kelp DAO Restaked ETHKelp DAO Restaked ETH(RSETH)$3,325.556.37%
  • rocket-pool-ethRocket Pool ETH(RETH)$3,613.336.60%
  • kucoin-sharesKuCoin(KCS)$11.661.52%
  • USDtbUSDtb(USDTB)$1.000.01%
  • first-digital-usdFirst Digital USD(FDUSD)$1.000.03%
  • CelestiaCelestia(TIA)$1.987.93%
  • USDT0USDT0(USDT0)$1.000.08%
  • nexoNEXO(NEXO)$1.311.90%
  • StoryStory(IP)$4.443.68%
  • injective-protocolInjective(INJ)$13.299.26%
  • blockstackStacks(STX)$0.816.63%
  • xdce-crowd-saleXDC Network(XDC)$0.0781685.73%
  • optimismOptimism(OP)$0.7110.91%
  • flare-networksFlare(FLR)$0.0174452.50%
  • FartcoinFartcoin(FARTCOIN)$1.22-2.96%
  • StakeWise Staked ETHStakeWise Staked ETH(OSETH)$3,332.266.37%
  • SonicSonic(S)$0.3655847.52%
  • Mantle Staked EtherMantle Staked Ether(METH)$3,389.956.23%
  • Solv Protocol BTCSolv Protocol BTC(SOLVBTC)$117,886.001.17%
  • Virtuals ProtocolVirtuals Protocol(VIRTUAL)$1.684.00%
  • Polygon Bridged USDT (Polygon)Polygon Bridged USDT (Polygon)(USDT)$1.000.00%

SUI, the native token of the Sui blockchain, is showing strong bullish signals, with technical indicators pointing to a possible 100% rally in the coming weeks. This optimistic outlook is supported by several key developments, most notably the recent filing of a SUI Exchange-Traded Fund (ETF) by Nasdaq with the United States Securities and Exchange Commission (SEC).

Bullish Technical Indicators Signal Rally

As of 28 May, SUI is trading at approximately $3.63 and has recently reclaimed a critical support level on the weekly chart known as the “Gooner EMA.” This indicator, developed by prominent trader NebraskanGooner, uses the 11- and 22-period exponential moving averages (EMA) to identify bullish and bearish trends.

When prices rise above this EMA range, typically between $3.34 and $3.59, it often marks the beginning of an upward move. SUI had dipped below this support last week following a $200 million exploit on Cetus, a decentralised exchange built on the Sui blockchain. However, the token has now bounced back above this range, rekindling bullish sentiment among traders.

SUI/USDT weekly price chart. Source: NebraskanGooner/TradingView
SUI/USDT weekly price chart. Source: NebraskanGooner/TradingView

NebraskanGooner commented on the rebound, stating, “As long as it can hold Gooner EMA support, it can retest all-time highs. Depending on market conditions, it even has a chance for a new ATH.”

Fibonacci Analysis Sets $7.56 Target

SUI’s technical charts also support the bullish thesis through Fibonacci retracement levels and its ongoing ascending channel pattern. Based on these models, analysts have projected a new record-high target of $7.56, representing a gain of over 100% from current levels.

The token’s previous all-time high (ATH) stands at $5.36, around 40% above its current market value. If SUI maintains its current trajectory, breaking past this ATH would position it among the best-performing altcoins in the market.

Nasdaq’s SUI ETF Filing Fuels Optimism

Adding to the bullish momentum is Nasdaq’s recent submission to the SEC to launch an SUI ETF. While the approval of crypto-based ETFs in the US remains a challenging and uncertain process, the filing itself is seen as a vote of confidence in the long-term potential of the Sui blockchain.

Nasdaq’s move follows a broader trend of institutional interest in SUI, which has already found success in Europe. 21Shares currently offers a SUI exchange-traded product (ETP) listed on Euronext Paris and Euronext Amsterdam.

European Demand for SUI Soars

Since its European debut in July last year, SUI’s price has surged by more than 350%. As a result, total assets under management (AUM) in SUI-based ETPs have grown significantly, reaching $317.2 million, according to a CoinShares report dated 26 May.

SUI/USD daily price chart. Source: TradingView
SUI/USD daily price chart. Source: TradingView

Between 16 and 24 May alone, SUI investment products attracted $2.9 million in inflows. This figure places SUI just behind top-tier cryptocurrencies like Bitcoin, Ether, Solana, and XRP in terms of net assets, highlighting a growing appetite for the token among institutional investors.

Regulatory Uncertainty Lingers

Despite the positive developments, the path to regulatory approval for a Nasdaq-listed SUI ETF remains unclear. Crypto ETFs have historically faced hurdles in the US due to regulatory concerns around market manipulation, custody, and investor protection.

Nonetheless, the combination of technical strength, recovering sentiment, and rising institutional interest makes SUI one to watch closely in the coming weeks. A successful ETF launch, if approved, could further accelerate its growth trajectory and solidify its place in the digital asset landscape.

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