SUI is testing a critical support level near $0.95, a point that has historically preceded major price rallies. Analyst Crypto Patel notes the token is down roughly 77% from its high and suggests a similar test in the past led to gains of 500–1,000%. Concurrently, Grayscale Investments has launched the Grayscale Sui Staking ETF (GSUI), a regulated product providing institutional staking exposure to the SUI ecosystem.
The SUI token is approaching a long-term trendline support level that could signal a significant technical reversal. Analyst Crypto Patel highlighted this zone has historically marked the beginning of increases from 500% to 1,000% for the asset.
Crypto Patel observed a recent liquidity sweep below $0.80, which is often seen before a major reversal. Based on historical fractal patterns, the analyst suggested potential future price targets in a range from $10 to $20.
At the time of writing, SUI was trading at $0.9503, down 2.65% over 24 hours. CoinMarketCap data shows a daily trading volume around $569 million and a market capitalization of roughly $3.7 billion.
Separately, Grayscale has launched the Grayscale Sui Staking ETF (GSUI). The firm announced this is the first SUI exchange-traded product to trade in the United States under SEC regulation.
The ETF aims to increase institutional access to the SUI network’s staking ecosystem. Grayscale described SUI as a fast, low-cost blockchain designed for real-world consumer applications.
The combination of this key technical test and new institutional investment vehicles has drawn renewed market attention to SUI. Market participants are watching to see if the historical support level will hold amid current volatility.
