SUI Cryptocurrency Poised for Major Price Movement; Details

• SUI Cryptocurrency Potential appreciation.
• SUI up 6% today.
• SUI displays triangle pattern.

The SUI cryptocurrency is in the spotlight of investors and analysts, with predictions of a significant price movement in the coming days. A recent technical analysis by renowned cryptocurrency expert Ali Martinez points to a potential 15% increase in the value of SUI, driven by the formation of a specific chart pattern.

As noted by the analyst, SUI has been exhibiting an ascending triangle pattern on the hourly chart over the past few days, with a crucial resistance at $2,40 and a support at $2,26. In this bullish scenario, the observed pattern is suggesting a possible price breakout, with the potential for a significant upward movement.

“SUI is poised for a 15% price move. Over the past week, SUI has been shaping an ascending triangle pattern on the hourly chart with the X-axis at $2,40 as a crucial resistance level and the hypotenuse at $2,26 acting as a support level.”

 

$SUI is ready for a major price move!— Ali (@ali_charts) March 18, 2025

 

Martinez highlighted that the direction of this 15% upward movement will depend on whether SUI's price closes outside the range between the $2,40 and $2,26 ranges. Therefore, if SUI confirms a close above the $2,40 resistance, it could register an upward movement, while a close below the $2,26 support could indicate a downward movement.

“Now, to determine the direction of the 15% price move, all you need to do is wait for an hourly close outside the range between $2,40 and $2,26.”

At the time of publication, the price of SUI was quoted at US$2,40, up 6.1% in the last 24 hours.

Canary Capital Apply for SUI ETF Registration with the SEC

Canary Capital has taken a significant step into the cryptocurrency market by register officially filed its SUI ETF with the U.S. Securities and Exchange Commission (SEC). This strategic move came a week after the company filed to incorporate the fund in the state of Delaware, marking a period of intense expansion for the asset manager.

This groundbreaking listing promises to bring SUI, an emerging cryptocurrency, directly onto the radar of institutional investors, offering a new avenue of investment through an ETF. In doing so, Canary Capital not only diversifies its product offering, but also establishes itself as an innovator in the traditional financial sector.