Sui Analysis: Market Outlook on June 12, 2025

Sui trades at $3.02. Analysis suggests consolidation with upside potential if ETF is approved.

Sui (SUI) is trading at $3.02 on June 12, 2025, reflecting a 10.54% decline over the past 24 hours after retreating from its recent high of $3.38. Technical analysis indicates price consolidation between $2.90 and $3.40, forming a descending triangle on the 4-hour timeframe, which could lead to either a bullish or bearish breakout. The key resistance at $3.40 is critical, and a breakout could propel SUI toward $5, while support at $2.90 has prevented further declines. On-chain data shows a daily trading volume of $1.166 billion, confirming decent liquidity. The RSI at 48 suggests a neutral market stance. Recent news about Nasdaq’s filing for a 21Shares Sui ETF has captured investor attention, with potential approval by late 2025 acting as a strong price catalyst. However, the recent $220 million hack of the Cetus Protocol on Sui’s network has created temporary downward pressure. Fundamentally, Sui, as a layer-1 blockchain focused on DeFi and Web3, is gaining traction. Its BTCFi sector, holding $300 million in Bitcoin, has positioned Sui as a Bitcoin DeFi hub. However, scheduled token unlocks in June, valued at $206 million, could increase selling pressure. The recovery of the Cetus Protocol by early June and growing developer activity, including new DeFi projects, signal growth potential. Analysts believe Sui has short-term potential to reach $5, particularly if the $3.40 resistance is breached or an ETF is approved. For traders, buying near the $3.00 support or waiting for a breakout could be strategic, though risk management and stop-loss orders are crucial due to crypto market volatility. In the long term, Sui’s scalable technology and DeFi focus position it strongly. Some projections suggest a price of $7.56 by year-end 2025, contingent on maintaining key supports and mitigating token unlock impacts. Traders should closely monitor ETF news, network upgrades, and token unlock effects to capitalize on opportunities.