SUI price has been showing signs of renewed strength, attracting attention as technical and regulatory narratives align. The token has recently formed a cup-and-handle breakout pattern that suggests a potential shift in market structure. Additionally, Mysten Labs’ meeting with the SEC adds weight to speculation around an upcoming ETF decision. Together, both technical and regulatory factors are setting the stage for a decisive move in the SUI market.
Cup-and-Handle Formation Strengthens SUI Price Forecast Toward $7.5
The SUI price has recently confirmed a bullish cup-and-handle breakout, creating optimism for further upward movement. The SUI current trading value stands at $3.55, slightly above key support at $3.33, with buyers defending the double-bottom foundation.
A decisive close above the $3.83 resistance could open the path to $4.36, followed by the $4.84 Fibonacci extension. Beyond that, $5.91 and $6.98 are the next bullish targets, aligning with the projected trajectory shown on the chart.
, the most ambitious projection points toward $7.5, representing a potential 115% upside from recent lows. This setup builds on the double-bottom recovery and continuation pattern highlighted across the daily chart.
The long-term SUI price forecast expectations remain aligned with bullish accumulation, especially if $3.18 continues to act as a floor. With strong technical confirmation, the market appears positioned to sustain this upward trend into the next quarter.
Mysten Labs-SEC Talks Spark ETF Anticipation
Mysten Labs, the developer behind the Sui blockchain, recently met with the SEC Crypto Task Force, signaling important progress on regulatory dialogue. The meeting, which included representatives from Sidley Austin LLP, emphasized the growing need to establish clear frameworks for digital assets.
Mysten Labs highlighted Sui’s decentralized innovations, including DeepBook, SuiNS, and Walrus, underscoring the network’s scalability and low-latency design. This engagement comes at a time when multiple ETF applications are awaiting decisions, raising market anticipation for regulatory clarity.
By directly engaging the SEC, Mysten Labs has positioned itself as a proactive participant in shaping blockchain oversight. The firm also expressed a strong commitment to fostering innovation while ensuring compliance with emerging standards.
Such moves strengthen investor confidence, especially as ETF approval could legitimize SUI as a more mainstream digital asset. The convergence of regulatory dialogue and technical breakout provides a powerful backdrop for SUI’s near-term trajectory.
To sum up, SUI price appears well-positioned to build upon its bullish structure, supported by both technical and regulatory catalysts. The confirmed breakout pattern aligns with projected extensions that point toward a climb to $7.5. Mysten Labs’ engagement with the SEC further solidifies confidence, reinforcing the potential impact of an ETF approval.
Frequently Asked Questions (FAQs)
SUI has formed a cup-and-handle breakout pattern, often signaling strong upside continuation.
Mysten Labs is discussing regulatory frameworks with the SEC as ETF applications await decisions.
An ETF approval can enhance legitimacy, boost adoption, and attract broader institutional interest.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.