Sui Price Falls Slightly As 21Shares Amends SUI ETF Filing

The Sui price edged down a fraction of a percentage over the last 24 hours to trade at $2.46 as of 4:00 a.m. EST on trading volume that plunged 21% to $843 million.

That’s even as 21Shares updated its Sui exchange-traded fund (ETF) application with the US Securities and Exchange Commission (SEC).

The firm filed a second amended S-1 for its spot Sui ETF application after the market close on Oct. 23. The issuer updated its Sui ETF with crucial information, but there is no mention of the ticker and fees.

$SUI ETF Update: @21shares $SUI Spot ETF S-1 Amendment #2 filed with #SEC after market close today.@SuiNetwork @21shareshttps://t.co/U9NJcdqnDm pic.twitter.com/fxNKfG3ztz

— MartyParty (@martypartymusic) October 23, 2025

Meanwhile, the filing shows that 21Shares US LLC has entered into a staking services agreement with Coinbase Crypto Services.

21Shares updated the filing by mentioning Nasdaq as the exchange for listing and trading shares. The issuer added that the Bank of New York Mellon will be the ETF’s cash custodian.

With the ETF poised to open a broader market for Sui products, could the token’s price rise significantly?

SUI Price Poised For A Rebound Above Key Resistance Levels

The SUI price has been in a prolonged downtrend since mid-July, consistently trading within a falling channel pattern that has kept the token under intense bearish pressure.

After reaching highs near $5.21 earlier in the year, the Sui price gradually retraced, testing multiple Fibonacci retracement levels before settling near $2.40, where it currently hovers.

The downward movement has recently found support at the 0.236 Fibonacci level at $2.39, a key technical zone that has helped stabilize the SUI price after an extended period of selling.

Meanwhile, the 50-day Simple Moving Average (SMA) sits at $3.22, which closely aligned with the 200-day SMA ($3.22). This overlap forms a critical confluence resistance zone that SUI must reclaim as support to confirm a shift from bearish to bullish momentum.

Furthermore, the Relative Strength Index (RSI) is around 36.29, indicating it is near oversold territory. This reading suggests bearish momentum may be slowing, and buyers could soon step in to drive a short-term bounce. 

A push of the RSI above the 40–45 zone would further confirm strengthening buying interest and a possible trend reversal attempt.

SUI Price Prediction: Bulls Eye Recovery Toward $3.17 Resistance

According to the current SUI/USD chart structure, the Sui price is attempting to rebound from the lower boundary of its falling channel.

The immediate resistance lies at $2.69, aligned with the 0.382 Fibonacci retracement, followed by $2.93 and $3.17, representing the 0.5 and 0.618 Fibonacci retracement levels, respectively. These levels, particularly the $3.17 region, coincide with both the 50-day and 200-day SMAs, forming a major resistance cluster that will likely determine the next directional move.

If bulls push the price of Sui above $3.20, it could trigger a sustained recovery toward $3.54 (0.786 Fib) and potentially higher toward the mid-channel region.

However, failure to maintain support at $2.39 could expose SUI to further downside risk, with the next key support target near $2.00–$1.91, aligning with the lower boundary of the Fibonacci retracement zone.

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