{"id":29003,"date":"2025-05-28T13:16:55","date_gmt":"2025-05-28T13:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29003"},"modified":"2025-05-28T13:16:55","modified_gmt":"2025-05-28T13:16:55","slug":"sui-price-chart-hints-at-2x-rally-amid-nasdaq-etf-filing","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29003","title":{"rendered":"SUI price chart hints at 2x rally amid Nasdaq ETF filing"},"content":{"rendered":"
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\"SUI<\/p>\n

Sui (SUI<\/a>) is making a strong technical case for a 100% price rally in the coming weeks, helped further by a slew of optimistic updates, such as the recent Nasdaq ETF filing<\/a> with the US Securities and Exchange Commission (SEC).<\/p>\n

Gooner EMA support raises 40% SUI bounce potential <\/h2>\n

As of May 28, SUI has reclaimed the \u201cGooner EMA\u201d as support on the weekly chart.<\/p>\n

\"SUI
SUI\/USDT weekly price chart. Source: NebraskanGooner\/TradingView<\/em><\/figcaption><\/figure>\n

Gooner EMA is a technical indicator created by trader NebraskanGooner that uses the 11- and 22-period exponential moving averages (EMA). When the price crosses above the EMA range, it often leads to further gains. <\/p>\n

When the price closes below the EMA range, it tends to follow deeper losses. <\/p>\n

SUI lost this support, roughly between $3.34 and $3.59, last week after a\u00a0$200 million exploit hit Cetus<\/a>, a decentralized exchange built on the Sui blockchain.<\/p>\n

Related: <\/strong><\/em>Sui validators vote on $162M Cetus recovery plan to restore user funds<\/strong><\/em><\/a><\/p>\n

Now that SUI has reclaimed the zone, bullish sentiment is returning, according to NebraskanGooner.<\/p>\n

He wrote:<\/p>\n

\u201cAs long as it can hold Gooner EMA support, it can retest ATHs. Depending on market conditions \u2014 it even has a chance for a new ATH.\u201d<\/p><\/blockquote>\n

SUI\u2019s current record high is around $5.36, roughly 40% above the current prices. <\/p>\n

Fibonacci retracement levels and SUI\u2019s prevailing ascending channel setup project $7.56 as the new record-high target, up over 100% from the current levels.<\/p>\n

\"SUI
SUI\/USD daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

Nasdaq files for SUI ETF<\/h2>\n

NebraskanGooner\u2019s bullish outlook for SUI appears almost a week after Nasdaq\u2019s SUI ETF application with the US Securities and Exchange Commission (SEC). <\/p>\n

21Shares already offers a Sui exchange-traded product (ETP) in Europe, listed on both Euronext Paris and Euronext Amsterdam<\/a>. Since its launch in July last year, SUI\u2019s price has surged by over 350%.<\/p>\n

\"SUI
SUI\/USDT three-day price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

These listings have also helped boost total assets under management (AUM) in SUI-based ETPs to $317.2 million, according<\/a> to a May 26 report from CoinShares. <\/p>\n

Between May 16 and May 24 alone, SUI products attracted $2.9 million in inflows, ranking just behind Bitcoin\u00a0(BTC)<\/a>, Ether\u00a0(ETH)<\/a>, Solana (SOL<\/a>) and XRP\u00a0(XRP)<\/a> in terms of net assets.<\/p>\n

The regulatory approval for Nasdaq\u2019s SUI ETF remains uncertain, akin to most crypto ETF applications<\/a>.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n