The Sui (SUI) cryptocurrency is trading near $0.86, testing a critical technical juncture. A U.S. spot ETF for the asset, TSUI, has been formally approved by the SEC and launched on Nasdaq. The coin’s price trajectory for March may hinge on its ability to hold the $0.80 support level or reclaim the $0.96 resistance.
The Sui blockchain’s native token, SUI, is trading at approximately $0.87, holding above a key demand zone between $0.80 and $0.86. Its price structure remains bearish on daily charts, with immediate resistance forming at the $0.96 level.
A decisive daily close above $0.96 would represent a bullish shift, potentially targeting a recovery toward $1.20. This technical outlook coincides with a significant institutional development for the network.
Sui recently announced the SEC approval and Nasdaq launch of TSUI, a U.S. spot ETF filed by 21Shares. The network stated that this new fund opens the door for investors to access SUI through a regulated public market.
This creates a structural catalyst for potential capital inflows into the ecosystem. The approval strengthens the medium-term recovery narrative, contingent on price confirmation.
Conversely, failure to defend the $0.80 support could trigger a decline toward the $0.70 range. The Relative Strength Index (RSI) suggests selling momentum may be waning, but a higher high on the daily chart is required for confirmation.
