Sui (SUI) price is attempting to rebound after the launch of the third spot SUI ETF on Nasdaq, even as the broader cryptocurrency market remains under pressure. Over the past week, SUI has declined nearly 10%, slipping below the crucial $1 level amid continued selling across major digital assets such as Bitcoin, Ethereum, Solana, and Dogecoin. Despite the recent downturn, short-term technical indicators suggest that sentiment could improve in the near term.
The U.S. Securities and Exchange Commission has officially approved the 21Shares Spot SUI ETF, which now trades on Nasdaq under the ticker TSUI. The fund carries a 0.30% management fee and provides investors with regulated, direct spot exposure to Sui without requiring them to hold tokens in personal wallets. This marks the third SUI-focused exchange-traded fund in the U.S. market, following earlier launches by Grayscale and Canary Capital. 21Shares also recently introduced a staked SUI ETF, expanding access to Sui through traditional brokerage accounts.
Although the ETF approval is a significant milestone for institutional adoption, SUI price continues to hover around key support levels due to market volatility and profit-taking. Analysts are closely monitoring ETF trading volumes and fund inflows to assess whether sustained institutional demand can boost liquidity and drive long-term price growth.
Adding to market dynamics, SUI leads upcoming token unlocks. According to CryptoRank, approximately 48.87 million SUI tokens — around 0.54% of total supply — are scheduled for release on March 1. Large token unlocks can increase short-term selling pressure, which traders are factoring into price forecasts.
Currently trading near $0.86, SUI faces resistance around $0.90. Technical indicators such as the MACD remain bearish, while the RSI near 34 signals oversold conditions. Immediate support lies at $0.80, with downside risks toward $0.70 and $0.65 if that level breaks. A decisive move above $0.90 could open the path to $1.00, followed by $1.20 and potentially $1.50 if bullish momentum strengthens.
