Sui (SUI) price stalls three-day losing streak around $1.44 early Wednesday morning in Europe. In doing so, the altcoin justifies the recent buzz surrounding the SUI Exchange-Traded Funds (ETFs) and the planned launch of private transactions on the Layer 1 blockchain.
Still, the Sui price is down 65% during its first yearly loss in 2025, following a two-year uptrend.
Notably, SUI has been range-bound since late November, despite reaching a two-month low. However, the bears still hold the reins, as the token has dropped for nine months in the current year, pushing it towards an annual loss.
Sui’s trading volume and market capitalization (market cap) have also been sluggish of late, maybe due to the year-end inaction and a lack of positive momentum in the crypto market.
According to Santiment, SUI’s daily trading volume eases for the second consecutive day after hitting a two-week high, while the market cap dribbles in the last four days. That said, the latest trading volume for SUI is $457.42 million, and the market cap is around $5.39 billion as we write.
Can 2026 be any better for SUI? Let’s find out!
SUI ETFs, Private Transactions Lure Buyers
On Tuesday, Bitwise announced that it has filed 11 new crypto ETF applications, including SUI, with the U.S. Securities and Exchange Commission (SEC). These ETFs are structured in a way that 60% of the assets will be invested in specific cryptocurrency directly, while the rest 40% will track the Exchange-Traded Products (ETPs) relating to the respective cryptocurrency.
The said 11 altcoins are Aave (AAVE), Uniswap (UNI), Zcash (ZEC), Canton (CC), Ethena (ENA), Hyperliquid (HYPE), Near (NEAR), Starknet (STRK), Sui (SUI), Bittensor (TAO), and TRON (TRX).
The Bitwise filings suggest that these ETFs could be live on March 16, 2026.
On the same line, the U.S. SEC approved the 21Shares’ 2x leveraged Sui ETF last week and bolstered bullish bias surrounding the token.
Apart from that, Sui’s listing on Coinbase’s web and mobile platform was also an upbeat catalyst for the Sui price.
Elsewhere, Sui Network also signaled readiness for introducing private transactions on the layer-1 blockchain. Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, unveiled this news for 2026.
Sui Price Action
The Sui price remains on the back foot, hovering between the middle and the lower Bollinger Band (BB). However, bearish signals from the Directional Movement Index (DMI) momentum indicator and the quote’s sustained downside break of an ascending support line from October 2024 keep the sellers hopeful despite the latest inaction.
Sui Price: Daily Chart Favor Bears
A clear downside break of a multi-month support, now resistance near $1.85, joins bearish DMI clues to defend downside bias about the altcoin.
That said, DMI’s Average Directional Index (ADX, red) line tops the Downmove (D-, orange) line, and both lines are stronger than the Upmove (D+, blue) line, highlighting a bearish directional momentum. Furthermore, the ADX and the D- lines are both near the 25.00 neutral level, while the D+ line is at 16.30, citing stronger downside momentum.
With this, the SUI sellers are likely to revisit the lower BB, surrounding $1.33 by press time, while its further downside looks difficult considering the year-end inaction.
In a case where the altcoin remains weak past $1.33, it becomes vulnerable to test the $1.00 psychological magnet and October’s yearly low of $0.55.
Alternatively, the Sui price recovery may initially confront the top line of the Bollinger Band (BB), close to $1.58.
However, the bulls need a clear upside break of the previous support line from October 2024, near $1.85, to retake control.
Even so, the $2.00 threshold, the 200-day Exponential Moving Average (EMA), and a descending resistance line from July, close to $2.80, will be tough nuts to crack for the bulls.
