SUI Price Forecast: Coinbase’s New York Expansion Raises 40% Rally Odds

Sui (SUI), a layer-1 blockchain cryptocurrency, may rally 40% in the coming days, primarily as its expansion into the New York region via Coinbase triggers a convincing bullish reversal setup.

Coinbase Brings SUI to New York Markets

Crypto exchange Coinbase announced this week that it has expanded SUI access to users in New York, a jurisdiction widely viewed as one of the most restrictive crypto markets in the US.

The move effectively opens the door for regulated US institutional flows, registered investment advisors, and retail participants who were previously unable to trade the token.

Additionally, Vanguard has also enabled indirect SUI exposure by listing crypto “Top 10” products from 21Shares (TTOPP) and Bitwise (BITW).

Inclusion in Vanguard-accessible vehicles is typically bullish, as it channels demand from conservative, long-term investors who cannot directly hold spot cryptocurrencies but can allocate via regulated funds.

SUI Defends Long-Term Trendline, Targets $2.32 Next

For SUI, the timing is notable: the expansion arrives just as price action tests a multi-month ascending trendline that has defined major cycle lows in mid-2023 and mid-2024.

In both instances, price rebounded aggressively after briefly dipping below short-term moving averages, similar to what’s unfolding now. The latest pullback drove SUI into the $1.40–$1.50 demand zone while momentum indicators cooled off.

Notably, the weekly relative strength index (RSI) has slipped toward the low-40s range, a region that historically coincided with trend-continuation reversals rather than macro tops during prior advances.

The immediate upside level to watch is the 1.618 Fibonacci retracement near $2.32, up 40% from current levels, and which aligns with prior horizontal resistance and the declining 100-week exponential moving average (100-week EMA; the purple wave).

Whale Accumulation Supports the SUI Bounce

On-chain data adds weight to SUI’s bullish reversal setup.

According to CryptoQuant, SUI’s spot average order size has recently tilted higher, signaling increased participation from whale investors. Historically, clusters of large spot orders have appeared near SUI’s corrective lows rather than market tops, suggesting accumulation during weakness.

With price once again rebounding from long-term trendline support, the data hints that larger players may be positioning ahead of a potential recovery toward the $2.32 Fibonacci resistance.

What Could Change This Bullish View?

A pullback followed by a brekdown below the ascending trendline support risks sending the SUI price toward the lower Fibonacci retracement levels, beginning with the 0.786 Fib line at around $1.334.

That is down about 20% from the current price levels. The max pain target for this year appears around $1, meanwhile.