Key Insights:

• Nasdaq filed 21Shares SUI ETF, starting the SEC review process.
• SUI forms double bottom $4.40 target hinges on breakout.
• Over $300M invested in SUI ETPs amid growing institutional demand.

Nasdaq submitted a Form 19b-4 to have the Nasdaq-listed 21Shares SUI ETF issue with the U.S. Securities and Exchange Commission (SEC). This might be part of a landmark moment in U.S. market history.

This potential spot exchange-traded fund would directly own such SUI tokens. It would be the first official giant leap toward making SUI accessible to a broader range of institutional and retail investors in the United States.

The ETF submission is based on an earlier 21Shares filing of S-1 filed in April and follows the SUI exchange-traded products.

These are already traded on Euronext Paris and Amsterdam. The Sui Foundation stated that in excess of $300 million has been invested around the world in SUI-based exchange-traded products, with VanEck, Franklin Templeton, and Grayscale amongst the mainstream participants.

SUI has reacted with fainting upward momentum, rising 2.09% in the last 24 hours to be quoted at $3.06 at the press time of this writing, per CoinMarketCap.

Even after the 23.44% decrease in 24-hour trade volumes to $710 million, SUI has a market cap of $10.39 billion and 3.39 billion tokens in circulation out of a total supply of 10 billion.

On intraday price action, there has been an intraday rebound off a low of $2.97, with the prices rising steadily into early June 16 trading hours, with a last session high of $3.07.

This bounce is after some spastic formations at the level of consolidation of the quotations of the asset at around the $3 psychological price, as illustrated in the hourly chart.

The late overnight trading volume ramped up slightly, confirming the recovery move, but it should not be considered conclusive, being too small an increase.

Daily Chart Structure: Double Bottom Formation Emerges

The weekly chart will have a closer picture of a possible reversal pattern that is currently underway. SUI has made a complete textbook twice-bottom formation; recording the first trough at around $2.88 and the second bottom at $2.97, all within the month of late May-mid June.

The resistance found at the neckline lies narrowly below the level of $3.30. An actual breakout above and confirmation may justify the bullish breakout, and provide access to a technical target proximate to $4.40, which was determined by the degree measured vertically between the neckline and the bottom.

Nevertheless, this action is still subject to breaking out above resistance, and the present structure is yet to be verified. The 21Shares ETF listing introduces one of the fundamentals that may facilitate this breakout. This is based on when the SEC reviews this listing request and the pace of the overall market.

Momentum indicators denote a market in transition. The AO has fatigued even further, but it has dropped back into the negative region with -0.39, and short-term momentum is weak even after the price rise. What this means is that buyers have not entirely controlled the strength of the trend.

In the meantime, the Money Flow Index (MFI) stands at 32.82, being relatively close to the oversold zone. This denotes a possibility that the token experienced powerful outflows during previous sessions.

This might be set up to experience accretion in case of continued purchasing intensity. An overbounce on the 40-level by MFI would further authenticate the reversal of the trend and the surety of the investors.

Sui ETF Approval Could Fuel Capital Inflows and Price Discovery

The SUI ETF filing does not necessarily mean that the SEC will approve of it, but it marks a significant step towards establishing it as an institutional, legitimate entity. Historically, spot ETFs bring asset transparency and greater liquidity as masses of capital flow into them.

A green light on a U.S.-listed SUI ETF could put SUI in company with other assets, including Bitcoin and Ethereum, in regulated investment portfolios.

The U.S. listing will open up the market broadly, as over 300 million SUI-based exchange-traded products are already deployed worldwide. Nasdaq’s participation also bolsters SUI’s growing position within the Layer 1 ecosystem, though first of all, in the rivalry with such networks as Solana and Avalanche.

This exchange-traded fund milestone follows the fact that total value locked (TVL) on the Sui network exceeds 1.75 billion dollars, showing more widespread adoption in DeFi and infrastructural development. Coupled with the growing flow of stablecoins and liquidity in BTC shifting chains, institutional trust in Sui’s performance and scalability may further increase in the quarters ahead.

With the Nasdaq filing of the 21Shares SUI ETF, the SUI ecosystem will experience a potential game-changer. The technical framework in the daily chart indicates that a reversal is in the making, which is enhanced by the institutional narrative attached to the ETF.

Despite short-term signals that are still bearish, the triple whammy of double bottom formation, stabilization of price above the 3.00 barrier, and the re-emergence of fundamental interest may provide the setup for a decisive directional move.

Key Insights:

• Supply/Demand indicator showed that the SUI chart was experiencing high volatility at the price of $3 as per several CHoCH patterns, as well as a new BOS.
• The chart indicated that there was a significant decrease in the daily stablecoin transfer volume between SUI and Solana.
• Significant long liquidations can be spotted at the SUI/USDT liquidation map at levels below $3, and it reached its highest at around the $2.96-$2.98 price level.

Supply/Demand indicator showed that the SUI crypto 4H chart was experiencing high volatility at the price of $3 as there were several Change of Character (CHoCH) patterns.

Additionally, there’s a new Break of Structure (BOS), which denotes trader activity.

SUI Crypto Price Action Analysis

Such CHoCH patterns at major pivot areas were signs that the sentiment back and forth between buyers and sellers reversed regularly, which most often set the stage of solid action in one direction and another.

The most recent BOS at the region of the $2.90 indicated that the recent selling pressure was cleared and this could be the precursor of a short term bullish reversal.

Yet a series of abortive efforts to overcome resistance pegs at around 3.50 and 4.00 continued to prevail, enabling these zones to solidify as overhead supply.

Equal highs (EQH) noticed in the past highlighted that liquidity was resting at a high level and could be attacked in case bulls make a revival.

The internal market structure adjustments suggested repeated changes and not consistent patterns.

As the volatility continues to rise and prices respond intensely to demand and supply zones, SUI could be on the verge of a definitive move. In such a scenario, traders are likely to follow through above $3 or another visit to recent lows at about $2.85.

SUI Crypto Comparison to Solana

The chart indicates a significant decrease in the daily stablecoin transfer volume between SUI and Solana up till June 12 2025.

SUI enjoyed a major percentage in stablecoin transfers, $11.8B, compared to Solana at $5.5B, which indicated a major advantage of SUI.

The flip makes SUI the more actively traded blockchain of stablecoin activity for a month-to-date (MTD) time period.

For the June 1-June 10 time period, Solana assumed control to be volume leading, and June 5 had the highest volume.

Beginning June 11, though, the stablecoin flow into SUI accelerated like crazy, and it’s a sign of possible injections of on-chain liquidity, new nodes, or protocol-driven activity.

This boom may be explained by the growth in DeFi activity or changes in the utility towards stablecoins in favor of SUI.

The graph of SUI is steeply sloped, whereas the graph of Solana is more flat in comparison, so there is a possibility of the momentum remaining in favor of SUI in a short period of time.

Although this over 24-hour control does not validate an extended tendency, it shows an increasing use and transaction volume in the SUI network, mainly in the operation of stablecoins.

Future monitoring will identify whether SUI continues to take this lead.

SUI Liquidation Map

A considerable mass of long liquidations can be spotted on the SUI/USDT liquidation map at levels below $3. It reached its highest at around the $2.96-$2.98 price level.

This shows, at lower, heavy long exposure now closed. The present one is equal to $303, which also coincides with a pivot area level of pressure changes regarding leverage.

Short liquidations have commenced, piling on the right above $3.07, crossing $3.15, which implies increasing danger to short positions if the price surges.

The bars also indicated aggressive leverage 25x within the zone of $2.98-$3.05. This showed high-risk trades in the recent past.

If the price of Bitcoin surpassed $3.07, a short squeeze would take place. Going below $2.98 could open the downside pressure again.

All in all, the map displays a neutral balance area in the vicinity of 3.02-3.04, and the following step using either liquidation group could determine the temporary direction.

Key Insights:

• A crypto expert shared a SUI price prediction, suggesting that the asset’s price could crash to the $2 level.
• Both traders and investors appear to be betting against the market and offloading their holdings in fear of a further price crash.

Amid the ongoing geopolitical tensions between Israel and Iran, Sui price prediction has become a key topic of discussion among holders. The reason for this growing interest is the appearance of four consecutive red candles and a 20% drop in the asset’s value amid the uncertainty.

With the notable price decline, SUI has reached its key support level at $2.85. In the current market structure, this level appears to be a make-or-break point for the asset.

Current Price Momentum

At press time, SUI was trading near $2.90, having lost over 5.5% of its value in the past 24 hours. During this period, investor and trader activity declined sharply, resulting in a 55% decline in trading volume compared to the previous day.

This significant drop in trading volume, alongside the price decline, suggests weakening bearish momentum and may lead to a pause or price consolidation in the coming days.

SUI Price Action and Technical Analysis

According to expert technical analysis, the SUI price prediction suggests that the asset’s upcoming rally depends on several factors, including market structure, the Israel-Iran tension, and overall trader and investor sentiment.

As per the daily chart, after forming four consecutive red candles, the SUI coin has reached a key support level at $2.85.

SUI Price Prediction: Bearish and Bullish Side

Based on recent price action and historical momentum, the last time the asset’s price fell to this level, it experienced a reversal and saw notable upside momentum. However, the sentiment has now shifted drastically.

If the current market sentiment remains unchanged and SUI falls below its key support level, the SUI price prediction suggests that the asset could crash by 15%, potentially reaching its next support at the $2.40 level.

On the other hand, if sentiment shifts and the price holds above this key support level, the SUI price prediction suggests that the asset could either consolidate sideways or gain upside momentum.

At present, the SUI coin is trading below the 200-day Exponential Moving Average (EMA), indicating that the asset is in a downtrend and may face resistance during any upward movement.

Whereas SUI’s Relative Strength Index (RSI) stands at 38, indicating that the asset is approaching oversold territory and may witness a potential rebound if buying interest picks up.

Expert’s Bold SUI Price Prediction

Given the current market sentiment, a well-followed crypto expert shared a post on X (formerly Twitter), suggesting that SUI’s price could crash to the $2 level, the asset’s strongest support zone. Interestingly, the post contained no text, but the visuals spoke volumes.

On-Chain Metrics Flashes Bearish Signal

At press time, both traders and investors appear to be betting against the market and offloading their holdings in fear of a further price crash, as reported by the on-chain analytics firm Coinglass.

$2.93 Million Worth of SUI Inflow

Data from spot inflow/outflow reveals that exchanges across the globe have recorded an inflow of $2.93 million worth of SUI coins in the past 48 hours.

This substantial inflow, in the context of the current market structure, suggests potential accumulation and could lead to increased selling pressure and further downside momentum.

Major Liquidation Levels

Meanwhile, traders, following the same market outlook, are strongly betting on the bearish side. According to the latest data, traders are over-leveraged around the $2.895 support level and the $3.047 resistance level.

At these price points, they have built $6.91 million worth of long positions and $12.16 million worth of short positions — clearly reflecting the current market sentiment and traders’ bearish bias.