Ahead of the U.S. inflation data (CPI) release, the altcoin market, led by XRP and Sui, has shown mild gains. Changes in the U.S. regulatory environment are setting the stage for a potential crypto rally.
Sui Price Overview
After reaching an all-time high around $5.3 earlier this year, Sui's price has been trapped in a falling channel. The large-cap altcoin, with a fully diluted valuation of about $22 billion and a 24-hour average trading volume of around $1 billion, has rebounded from the lower border of the falling logarithmic trend in the past two days.
Support and Resistance
The Sui price has been retesting a crucial support range between $2 and $2.39, which will decide its fate in the coming weeks. A potential macro bullish rebound for the Sui price will be confirmed if the altcoin consistently closes above $5.3.
Sui ETF Expectations
The Sui network has grown into a vibrant DeFi ecosystem, with more than $1 billion in total value locked (TVL) and over $638 million in stablecoin market cap. Sui raised a significant $200 million in the first three months of 2025, signaling investor confidence. This growth has increased expectations for a potential Sui ETF in the United States.
The altcoin market shows a positive trend ahead of the U.S. CPI data release. Investor interest in Sui, reflected in capital inflows and price recovery, underscores expectations for a future Sui ETF.
