Sui Coin, the native token of the Sui network, is up over 4% today and trading around $1.50 after a prolonged sell-off that left the token down about 63% in 2025. The latest rebound follows a decisive break above a long-running descending trendline on the 6-hour chart. The move comes alongside a major regulatory development, following Bitwise’s December 19 S-1 filing for a spot SUI ETF.
ETF Catalyst Emerges Following Deep 2025 Drawdown
Bitwise’s December 19 S-1 filing for a spot SUI ETF is the central new fundamental development. An approved ETF would provide a regulated pathway for institutional capital to gain SUI exposure, similar to the way Bitcoin (BTC) and Ethereum (ETH) gained exposure through spot ETF launches. Even before approval, the filing signals that Sui has reached a level of perceived legitimacy within traditional finance.
The filing also comes on the heels of Sui Group’s $450 million treasury strategy, suggesting continued institutional involvement around the ecosystem rather than retail-only flows.
For now, the primary focus is on the SEC feedback timeline and whether parallel products, such as an SUI trust, follow. This backdrop helps explain the pickup in prices and trading activity, even after a year in which SUI declined sharply.
Sui Price Forecast: Analyst Charts Signal Next Move
Analyst ZAYK Charts highlighted the key technical shift. They stated that the “$SUI Trendline Breakout is Done as Expected” and added that they are “Expecting Massive Bullish Wave.”
In an earlier post, the chartist noted SUI’s “Trendline Getting weaker, Expecting Breakout,” and projected a 50–60% bullish wave in the event of a breakout. Their chart shows SUI cleanly moving above a multi-month descending resistance line on the 6-hour timeframe, indicating a change in market structure from persistent lower highs to a potential trend reversal.
Santiment data on Monday morning also confirms the SUI price is already trading above both the 50-day moving average at $1.48 and the 200-day moving average at $1.46, a configuration traders typically read as bullish trend confirmation rather than early recovery. The Z-score has also turned positive, meaning SUI Coin is trading statistically above its recent average and signaling meaningful momentum rather than random price noise.
Z-score measures how far the price is from its historical mean in standard deviations; a positive reading signals upside momentum relative to the trend.
Key support at the moment sits near the breakout area around $1.45–$1.48, where prior resistance and key averages converge. A move back below this zone would invalidate the breakout and return SUI to its prior downtrend structure. On the upside, ZAYK’s 50%–60% advance expectation defines the realistic bullish target zone in early 2026 if momentum holds.
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