Sui Price To Go Ballistic As 21Shares ETF Hits SEC Website

Key Insights:Sui’s TVL and stablecoin use hit record highs.Technical bullish indicators suggest SUI price could surge 43% to $4.96.A spot Sui ETF has been filed with the SEC, signaling potential institutional inflows.Sui price fell 6.2% in the past 24 hours, now trading at $3.47. Its trading volume also dropped 17.8%, reaching $1.9 Billion as of 6:26 a.m. EST.This happens as 21Shares files an SUI ETF with the United States Securities and Exchange Commission (SEC). Can Sui price go ballistic after the 21 Shares ETF filing hit the SEC website?Sui Price Gains Momentum as Institutional Interest GrowsOn May 1, 2025, 21 Shares officially filed for a Sui ETF with the SEC. The firm, known for its role in the ETF market, is taking a bold step toward expanding crypto investment opportunities.This is huge for the Sui price! An Sui ETF filing signals potential institutional investment, which could drive significant market interest. This exposure may increase demand, influencing the SUI price movement in the coming months.Source: XWhen ETFs get approved, like we’ve seen with Bitcoin and Ethereum, retail and big-money investors jump in, and the charts start looking juicy. The fact that this filing is now on the SEC’s website signals that SUI is getting serious attention.The Sui Network dropped some heat on X on April 30, 2025. It announced a major upgrade to their ecosystem, focusing on scalability and developer tools to support sBTC and Stacks.Source: XNew features are being introduced to help Bitcoin holders utilize their BTC more effectively. They can now access options like lending, swapping, and liquid staking on Sui, expanding their earning potential.More users mean more demand for SUI tokens. Hence, this kind of fundamental growth is the kind of thing that makes long-term bulls salivate.Sui Price Falters Despite Growing TVLOnchain analytics firm Lookonchain highlights Sui’s expanding DeFi ecosystem and rising investor confidence. Total value locked (TVL) on SUI has steadily increased, reaching a 3-month high.Sui Total Value Locked (TVL) | Source: DefiLlamaDeFillama data reveals that the stablecoin market cap on Sui has reached a record $892 Million, marking an all-time high. This surge reflects growing demand, trust, and stability within the Sui network.TVL is a big deal in DeFi—it shows how much capital is being put to work on the network. A rising TVL means more people trusting Sui with their bags, and that’s a massive win for adoption.Sui Price rally is gaining momentum with ETF news and network upgrades fueling confidence. These developments show SUI stacking wins, strengthening its market position.Sui Price Shows Faces Rejection: Will It Crack?The SUI/USD daily chart reveals that the asset traded above its 50-day SMA at $3.5103. It remains above its 200-day SMA at $2.5103, indicating sustained bullish momentum.This setup is a classic bullish indicator, signaling upward momentum in the market. When the shorter-term SMA crosses above the longer-term SMA, it confirms that bulls are steering the trend.The price recently broke out of a consolidation zone between $2.11 and $3.00. It acted as a launchpad for the current pump.Now the chart shows some key price targets if this rally keeps going. The 0.382 Fib level is at $3.2042 and acts as immediate support. However, a break lower and SUI could drop to the next major support at the 0.618 Fib level ($2.78).If Sui price pushes past this resistance, it could aim for the 127% Fib extension level at $4.2418. A stronger breakout may lead it toward the 161.8% Fib level at $4.9675, reinforcing bullish momentum. If SUI soars to hit that $4.9675 level, that’s a 43% pump from current prices.SUI/USD Price Chart | Source: TradingViewThe MACD at the bottom shows bullish momentum with the MACD line above the signal line, and the histogram is positive. The RSI is 71.06, overbought territory and screaming “sell”. This indicates the Sui price may see a pullback in the coming days.Where’s SUI Headed?With the ETF filing, network upgrades, and growing DeFi adoption, SUI is in a prime spot to keep climbing. The chart gives us clear targets. If SUI breaks above $3.46 with substantial volume, investors could see it test $4.24 in the next couple of weeks.If ETF optimism keeps driving excitement—and possibly gets approved—the Sui price could reach $4.9675 by the end of May. Continued bullish sentiment and increasing institutional interest would reinforce this momentum.Conversely, if the RSI gets too overbought and we see profit-taking, support around $3.2042 should hold strong.DisclaimerIn this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.godfrey mwirigiThe post Sui Price To Go Ballistic As 21Shares ETF Hits SEC Website appeared first on The Market Periodical.