ETF Momentum Lifts SUI From Overnight Lows

SUI Rebounds Sharply After Overnight Dip as ETF Interest Builds

SUI rose to $3.78 on Thursday, recovering from a sharp overnight decline that saw the token fall 8% to $3.52. The quick turnaround was fueled by heightened trading activity and growing institutional interest driven by recent ETF filings.

The sell-off began around 11 p.m. ET on Wednesday, with prices hitting a low at 3 a.m. ET before reversing course. Trading volume surged to 35.4 million during the bottom—more than twice the 24-hour average—indicating strong demand from buyers stepping into the weakness.

The rebound brought SUI close to its earlier peak of $3.82, now seen as a key resistance level. Despite the recovery, price action remains volatile and the token continues to consolidate within a broader range.

Fueling the bullish sentiment were two spot ETF developments: the SEC advanced Canary Capital’s SUI ETF proposal to the review stage, and 21Shares filed its own application for a similar product. Both moves are seen as early signs of mainstream adoption and potential institutional inflows.

Still, analysts caution that SUI must break above resistance and sustain momentum to confirm a trend reversal. The token’s technical setup remains mixed, with sellers appearing near recent highs.

As of latest data, SUI is down 0.42% on the day, slightly outperforming the CoinDesk 20 Index, which has slipped 1%.