#SUI/USDT Price Analysis: Potential Impact of Solana ETF Launch
As of July 2, 2025, 7:16 PM CST, the four-hour candlestick chart for SUI/USDT shows its current price at $2.7678, within a recent consolidation range (support at $2.5501, resistance at $2.9728). Tonight, the Solana Staking ETF (SSK) from REX-Osprey will be launched at 10:30 PM Taiwan Time, an event that may bring indirect benefits to SUI and is worth close attention.
Technical Analysis
Technical indicators show that the SUI price is far below MA(6) ($3,163.32) and MA(10) ($3,739.06), with a short-term bearish trend. However, the MACD line is close to the zero axis, and RSI J value has risen to 66.9, indicating potential upward momentum. Recent trading volume has increased, with a rebound to $2.7678 accompanied by a trading volume of 3,095,114.2, indicating buyer intervention. A breakout above $2.9728 may test $3.00, while a fall below $2.5501 could see a drop to $2.50.
Market Background and Positive Factors
The launch of the Solana ETF will enhance market attention on high-performance blockchain projects. SUI, as a Layer-1 blockchain based on the Move language, has a competitive relationship with Solana but may also benefit from the overall ecosystem's popularity. Recently, there has been strong capital inflow into the cryptocurrency market ($1.689 billion), along with an improved regulatory environment, further supporting positive expectations.
Trading Suggestions
Short-term traders may look for breakout signals near $2.9728, targeting a long position at $3.00, with a stop-loss set below $2.5501. Long-term investors may wait for the price to stabilize above $3.00 before considering entry. Note that the ETF launch tonight may trigger volatility; cautious operation and attention to real-time news are advised.
Disclaimer
This analysis is for reference only and does not constitute investment advice. The cryptocurrency market is highly volatile, and prices may fluctuate dramatically due to regulatory policies, market sentiment, and technical factors. Please assess risks independently before investing and consult a professional financial advisor. Do not invest all your funds in a single asset, and beware of scams and excessive leverage.
SUI faces both opportunities and challenges, and tonight may become a critical turning point!