The crypto world just got one step closer to a SUI ETF—the SEC has officially entered the approval process for Canary Capital’s spot SUI ETF application. This regulatory milestone could be the catalyst for SUI’s next major price surge.
Why This Matters for SUI
🚀 First SUI ETF in regulatory pipeline (Canary’s application now under review)
🤝 21Shares also filed a competing SUI ETF proposal
📈 Institutional interest growing (futures open interest at $1.2B record)
Key detail: The SEC recently approved a Bitwise Crypto Index ETF that includes SUI alongside BTC and ETH—a bullish signal.
SUI Price Outlook: How High Can It Go?
💰 Current price: $3.95 (above 200-day MA of $2.73)
📊 RSI at 66 (room to run before overbought)
🎯 Key levels to watch:
- Break above $4.00 could target $4.20–$5.00
- ETF approval might push SUI to $5.50–$6.00
Analyst take:
What’s Next?
🔹 SEC review process continues (approval not guaranteed)
🔹 Growing futures interest suggests trader optimism
🔹 Altcoin season boost could amplify gains
