Sui Token Surges 4.18% Amid Bullish Technical Patterns and ETF Speculation

Sui's latest price was $4.33, up 4.178% in the last 24 hours. The Layer-1 token has shown a strong upward structure, forming a Bearish Butterfly harmonic pattern on its daily chart. This pattern, despite its name, often forecasts powerful rallies during the CD leg, which is the final and typically most explosive part of the move. The pattern started from point X near $5.36, followed by a decline to point A, a rebound to point B, and a corrective dip to point C around $2.29. From that low, SUI has reversed direction and is now trading near $4.23, showing a strong upward structure as it progresses along the CD leg. This stage is often where momentum accelerates, and SUI’s current price action suggests it could be gearing up for a strong continuation.

If the harmonic pattern plays out as expected, SUI could climb toward $5.36 and $6.36, corresponding to the 1.0 and 1.272 Fibonacci extensions of the XA leg. This would represent a potential 50% upside from current levels. With the broader market strengthening and Sui aligning with this technically reliable setup, the coming weeks could be pivotal for its next major rally.

Sui’s total value locked (TVL) has climbed back above the $2 billion mark, marking a strong recovery and renewed demand across DeFi protocols on the Sui network. With this, large wallets are showing increased activity. On-chain data supports the growing narrative of whale accumulation, a trend often preceding major price moves. Carl Moon, a prominent crypto analyst, pointed out that SUI is seeing sharp accumulation as it holds above key levels. He noted that the altcoin rotation is gaining pace and SUI is starting to lead. This accumulation behavior is fueling expectations of another breakout in the short term.

ETF speculation is adding further fuel to the rally. While not confirmed, growing chatter around a possible SUI-related ETF is drawing attention. Meanwhile, SUI has successfully cleared resistance between $4.00 and $4.20, now turning this zone into short-term support. A solid base above $3.50 is also holding well. Carl Moon highlighted these levels in his update and stated that if momentum continues, SUI could push toward $5.00. This move would represent another milestone for the token as investor sentiment continues to shift positively.

Technical setups on SUI’s chart are supporting the bullish thesis. According to Carl Moon, a breakout from the current bullish flag pattern could send SUI to $4.80. He also mentioned a larger symmetrical triangle formation pointing to a $7.80 target. With whales entering, TVL recovering, volume rising, and ETF hopes brewing, SUI’s structure appears primed for more upside—if momentum holds.

Sui blockchain has demonstrated significant ecosystem growth recently, with its Total Value Locked (TVL) rising sharply throughout July 2025. This notable traction places Sui above platforms like Hyperliquid and Avalanche, positioning it as the 8th largest blockchain by TVL. The increase highlights expanding engagement with its decentralized finance protocols, GameFi initiatives, and thriving meme coin ecosystem.

Technical developments continue to drive institutional confidence in the Sui network. Scalability upgrades underpin growing institutional interest, reflecting a positive outlook on the blockchain's potential. Concurrently, Sui is playing a key role in expanding Bitcoin interoperability through BTCFi initiatives, pushing the boundaries of cross-chain functionality and utility.

Network activity has surged remarkably. Sui's decentralized exchange (DEX) volume reached $10.3 billion in July 2025, representing a staggering 657% year-over-year increase compared to July 2024. This massive uptick underscores robust adoption and utilization of Sui's decentralized trading infrastructure.

A notable potential catalyst on the horizon involves a spot exchange-traded fund (ETF). Investment firm Canary has formally filed for a Sui spot ETF, with market analysts assigning a substantial probability for regulatory approval this year. Such a development could significantly broaden institutional and retail access to the Sui token.

Market analysts have observed strengthening technical momentum for the network's token. Several noted this momentum could signify the start of a more sustained breakout phase, particularly once key resistance levels are overcome. The open interest surrounding Sui reflects heightened market attention and positioning based on these network developments.