Sui Coin is trading higher today, climbing more than 13% in the past 24 hours and reclaiming the $1.54 zone after a week of heavy sell pressure. The rebound isn’t coming out of thin air; it’s forming at the intersection of Bitcoin price increase, ETF validation, rising stablecoin activity, and a key long-term support level that traders have watched since 2023.
Why SUI Coin Is Rising Today
The immediate catalyst is that money is flowing back into the Sui ecosystem at an unusual scale. Artemis data shows more than $2.4 billion in stablecoins moved across Sui in the past 24 hours, by far the largest among major chains.
That kind of liquidity burst tends to act as short-term fuel, especially for an L1 that depends on deep stablecoin presence for its DeFi activity.
At the same time, new market-access doors have opened. Grayscale’s GSUI Trust began trading on OTCQX, making Sui available to traditional brokerage accounts for the first time.
While trust vehicles don’t directly pump liquidity into the SUI token, they do increase the token’s visibility. And visibility matters when a chain is fighting for mindshare against Solana, Aptos, Arbitrum, and others.
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SUI Coin is also catching a broader market lift after Bitcoin price reclaimed $89K on Monday evening. A 2.7% Nasdaq jump boosted risk appetite across crypto, with Bitcoin bouncing from around $85K to over $89,000 and pulling assets like Sui higher in the process.
Further, the Bitwise 10 Crypto Index ETF, approved on November 21, includes SUI among its constituents. It’s a small weight, roughly 1.2%, but ETF inclusion is still a stamp of legitimacy. It places Sui on the same institutional list as BTC, ETH, SOL, ADA, and LINK.
Futures exposure is coming, too, as Coinbase will launch 24/7 SUI futures trading on December 5, potentially tightening price discovery while inviting more leverage-driven volatility.
SUI Price Outlook: Analyst Eyes a Make-or-Break Support
Popular market analyst Ali (@ali_charts), who has built a following of more than 160,000 traders on X, notes that SUI Coin has returned to a rising support level that has underpinned every major rally since 2023.
This is the same diagonal base that marked the exact bottoms of SUI’s last two explosive cycles, which then ran 450% and 750% over the following months.
That doesn’t guarantee anything this time, but it explains why traders aren’t ignoring the bounce. If buyers keep defending the $1.40–$1.50 region, the broader bullish structure remains intact, and the trendline continues to anchor long-term sentiment.
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