$SUI

SUI Price Analysis: Can CETUS Recovery and ETF Buzz Ignite a Breakout?

SUI was trading at $3.4836 on Friday, continuing to lag behind other major cryptocurrencies. The recent dip followed broader geopolitical tensions and the fallout from a hack targeting its native DEX, CETUS, which added downward pressure to the token's performance over the past week.

However, sentiment is shifting. CETUS recently received overwhelming support—over 90% of validators and stakers approved its recovery plan to unfreeze and return stolen funds. Combined with growing excitement around a potential SUI ETF, optimism in the community is building.

ETF Hype and Recovery Plan: Catalysts for a Breakout?

While Bitcoin holds strong above key resistance levels, SUI has struggled despite promising fundamentals. The $223 million CETUS exploit (with $162 million frozen) had rattled confidence, but the approved recovery plan marks a turning point.

Further boosting sentiment, 21Shares joined Canary in applying for a spot SUI ETF. If approved, such ETFs could open the door to institutional investment and broader exposure for SUI. Analysts believe the SEC, under Paul Atkins, may approve several altcoin ETFs—including SUI, ADA, LTC, and XRP—by year-end.

$10 SUI Target in Sight?

Despite recent price weakness, technical indicators hint at a bullish setup. Following the CETUS hack, SUI dropped from $4.18 to $3.32—a 20% dip—but managed to stay above the 50-day EMA, showing underlying resilience.

A bullish flag pattern has emerged on the daily chart, suggesting SUI could soon break higher. Targets include $3.945, $4.8587, and possibly a retest of the $5.37 all-time high.

Crypto analyst "Crypto Bullet" forecasts a potential parabolic Wave 3 rally, possibly pushing SUI to $10 by June. The recent dip is seen as Wave 2—setting the stage for an explosive move ahead.

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