The SUI (SUI) network jumps by 9 % as 21shares files for us, and the price pays about 4 dollars – Cryptomode
Sui Network (SUI) increased by more than 9 % to $ 3.73 after 21shares was offered with SEC to the stock market trading in the United States to track the Layer-1 code.
The move comes alongside a newly announced strategic partnership between 21shares and the Sui Foundation, and the project oversees the Sui network, which alludes to the deepest institutional alignment to move forward. Although no American exchange or index is determined, Coinbase is listed as a naked – a noticeable vote with confidence.
This deposit follows a similar suggestion from Canary Capital in March, where asset managers accelerate plans to bring Etfs altcoin to the American market. With the delay of Dogecoin and XRP ETF decisions until June, SUI is now joining the short menu of symbols with active ETF aspirations in 2025.
The structure of the graph indicates the return of momentum
SUI prices have been conducting over the past two weeks explosives, with more than 80 % of their lowest levels in mid -April to restore an area between 3.60 to $ 3.70. On the daily chart, SUI exchanges much higher than EMA for 21 days ($ 2.95) and 200 days SMA ($ 3.23)-a structure that represents a full upper reflection. The RSI is extended in 77, while the values of the oscillary of the stochastic near 88 indicate the strong bullish pressure with a possible temperature in the short term.
The momentum momentum has declined decisively. The point of expansion in size and fluctuation to renewed interest through both offices of retail and speculative. This is not a dead cat – the premium resistance symbol has turned into support and is now looking forward to the level of 4 dollars.
With the high size and trading of its size reaches $ 1.7 billion in the past 24 hours, the momentum is accelerating. The distinctive symbol added more than $ 5 billion from the maximum market since mid -April and is now ranked first outside the 10 best people.
Technically, SUI is traded by 13.5 % higher than SMA for 200 days and 23 % higher than EMA for 21 days-which historically precedes multi-day continuation of Altcoin escape.
If ETF speculation condenses or expands the products associated with the SUI’s ecosystem, the area of 4.00 – 4.20 dollars can be tested within days. With ETPS that has already been deceived in Europe and demands heating in the United States, SUI is rapidly developing from the L1 competitor to the European Union’s qualifying capital magnet.
In February, Wokx Wallet Sui added, allowing users to trade and store the distinctive Sui symbols, and expand the partnership between Exchang and Blockchain Platform. Likewise, the price increased due to multiple complementary. A few weeks ago, Cryptomode reported how SUI launched the apparent MasterCard integration in Europe.
