SUI Price Targets $4.20: Critical Levels for Traders to Watch

Sui''s price surge this week reflects strong bullish momentum, driven by the U.S. SEC''s review of a proposed 21Shares sui ETF. Approval could inject $300 million into the market, significantly impacting SUI''s trajectory. Meanwhile, the ecosystem demonstrates resilience as DeFi protocol Cetus relaunches on Sui, addressing past vulnerabilities tied to a $220 million exploit.

On-chain data highlights the rally. SUI derivatives trading volume ROSE 6.44% to $5.16 billion, while open interest increased 3.53% to $1.52 billion—indicating fresh capital inflows. DEX volume surpassed $100 billion, showcasing robust activity.

Technical analysis suggests SUI is testing key resistance levels after rebounding from a recent dip. Traders are now eyeing a potential breakout toward $4.20.