SUI Paints 150% Price Rally Setup Days After Nasdaq ETF Filing

Sui (SUI) is flashing a powerful technical signal for a 150% price rally just days after Nasdaq initiated the SEC review process for a spot ETF tied to the token.

SUI Technical Signals Massive Boom Next

SUI is forming a classic cup-and-handle pattern, a bullish continuation setup that often precedes explosive breakouts.

On the 3-day chart, SUI has rounded out a base between $1.80 and $3.90 over several months. Since early May, it’s been consolidating just below the neckline, forming a narrow, downward-sloping handle.

This structure typically resolves with an upside breakout. If confirmed, the pattern projects a conservative price target near $6.00, with extended upside toward $9.30, representing a 150% move from current levels.

The neckline resistance near $3.90 remains the level to watch. A decisive close above it with strong volume would validate the breakout thesis. The relative strength index (RSI) is currently at 59.7, below overbought levels, indicating further room to run.

Support from moving averages also reinforces the bullish outlook. SUI is trading above its 50-day EMA at $3.15, while the 200-day EMA is far below at $2.08, suggesting solid trend strength and minimal downside pressure in the near term.

Additionally, these EMAs have lately formed a “golden cross,” further strengthening the upside outlook.

Conversely, SUI is trading near a long-serving ascending trendline resistance, which may lead to a short-term pullback toward another rising trendline serving as support near $2.68.

This level aligns with SUI’s 50-week EMA (the red wave).

Nasdaq’s SUI ETF Filing Improves Bullish Sentiment

The ETF narrative is boosting sentiment around SUI. According to the May 23, 19 b-4 filing, 21Shares has proposed Coinbase Custody and BitGo to hold SUI for the fund. The SEC has up to 240 days—until Jan. 18, 2026—to make a final decision.

21Shares already lists SUI exchange-traded products in Europe, where SUI-based ETPs hold over $317 million in assets under management, per CoinShares data. US approval could further legitimize Sui’s status as a rising smart contract platform and drive capital inflows.

If the ETF gains traction and technical conditions hold, SUI could be primed for a breakout that brings its price closer to parity with rival layer-1 assets.