๐จ $SUI Eyes 30โ50% Upside as #ETF Approval Meets Key Support Test
$SUI is trading near $1.39, down ~5% on the day, but price action is showing early stabilization after testing a major demand zone between $1.30โ$1.80.
๐ $SUI has broken its 55-day descending trendline
Price is currently retesting key support, not breaking down
Previous reactions from this zone have triggered strong rebounds
๐ The Bulls vs Bears indicator shows aggressive dip buying
This divergence often appears near local bottoms, not tops
๐ฅ The U.S. SEC has approved $TXXS, the first-ever 2x leveraged SUI ETF, set to trade on Nasdaq, expanding institutional exposure to SUI without holding the token directly.
๐ Upside scenario
If SUI holds above support and reclaims $2.20, a 25โ30% relief rally toward $2.70โ$2.80 becomes likely.
A stronger continuation could open the door for a 50% recovery move toward prior resistance.
โ ๏ธ Risk note
The higher-time-frame trend is still weak. Without confirmation above this resistance level, this remains a relief rally, not a full trend reversal.
๐ Is ETF approval the spark $SUI needs โ or just fuel for a short-term bounce?
Drop your view ๐
