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SUI Surges 10% to $3.98 as SEC ETF Review Sparks Bullish Momentum
SUI Surges 10% to $3.98 as SEC ETF Review Sparks Bullish Momentum
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price jumped 10% to $3.98 following the SEC's review of Canary Capital's spot ETF proposal, building on last week's impressive 53% rally. This regulatory development aligns with a bullish technical breakout from a symmetrical triangle pattern, indicating potential upside toward $7.
Institutional interest in the Layer-1 blockchain is growing, with the key $4 psychological level being surpassed on July 20th. Market participants view the ETF review as a sign of SUI's legitimacy, while the completed chart pattern adds technical confirmation to the upward trend.
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