{"id":130167,"date":"2025-05-28T13:16:02","date_gmt":"2025-05-28T13:16:02","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130167"},"modified":"2025-05-28T13:16:02","modified_gmt":"2025-05-28T13:16:02","slug":"sui-price-chart-hints-at-2x-rally-amid-nasdaq-etf-filing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130167","title":{"rendered":"SUI price chart hints at 2x rally amid Nasdaq ETF filing"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsSui (SUI) is making a strong technical case for a 100% price rally in the coming weeks, helped further by a slew of optimistic updates, such as the recent Nasdaq ETF filing with the US Securities and Exchange Commission (SEC).<br \/>\nGooner EMA support raises 40% SUI bounce potential<br \/>\nAs of May 28, SUI has reclaimed the \u201cGooner EMA\u201d as support on the weekly chart.<br \/>\nSUI\/USDT weekly price chart. Source: NebraskanGooner\/TradingViewGooner EMA is a technical indicator created by trader NebraskanGooner that uses the 11- and 22-period exponential moving averages (EMA). When the price crosses above the EMA range, it often leads to further gains.<br \/>\nWhen the price closes below the EMA range, it tends to follow deeper losses.<br \/>\nSUI lost this support, roughly between $3.34 and $3.59, last week after a\u00a0$200 million exploit hit Cetus, a decentralized exchange built on the Sui blockchain.<br \/>\nRelated: Sui validators vote on $162M Cetus recovery plan to restore user funds<br \/>\nNow that SUI has reclaimed the zone, bullish sentiment is returning, according to NebraskanGooner.<br \/>\nHe wrote:<br \/>\n\u201cAs long as it can hold Gooner EMA support, it can retest ATHs. Depending on market conditions \u2014 it even has a chance for a new ATH.\u201d<br \/>\nSUI\u2019s current record high is around $5.36, roughly 40% above the current prices.<br \/>\nFibonacci retracement levels and SUI\u2019s prevailing ascending channel setup project $7.56 as the new record-high target, up over 100% from the current levels.<br \/>\nSUI\/USD daily price chart. Source: TradingViewNasdaq files for SUI ETF<br \/>\nNebraskanGooner\u2019s bullish outlook for SUI appears almost a week after Nasdaq\u2019s SUI ETF application with the US Securities and Exchange Commission (SEC).<br \/>\n21Shares already offers a Sui exchange-traded product (ETP) in Europe, listed on both Euronext Paris and Euronext Amsterdam. Since its launch in July last year, SUI\u2019s price has surged by over 350%.<br \/>\nSUI\/USDT three-day price chart. Source: TradingViewThese listings have also helped boost total assets under management (AUM) in SUI-based ETPs to $317.2 million, according to a May 26 report from CoinShares.<br \/>\nBetween May 16 and May 24 alone, SUI products attracted $2.9 million in inflows, ranking just behind Bitcoin\u00a0(BTC), Ether\u00a0(ETH), Solana (SOL) and XRP\u00a0(XRP) in terms of net assets.<br \/>\nThe regulatory approval for Nasdaq\u2019s SUI ETF remains uncertain, akin to most crypto ETF applications.<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/sui-price-chart-hints-2x-rally-nasdaq-etf-filing?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsSui (SUI) is making a strong technical case for a 100% price rally in the coming weeks, helped further by a slew of optimistic updates, such as the&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130167"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130167"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130167\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130167"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}