Sui’s Rally Cools—Will 21Shares Deal Reignite the Fire?

Sui’s recent price surge hits a pause—just as traditional finance rushes in with another ’strategic partnership’ that may or may not move the needle.

The Layer 1 blockchain, fresh off double-digit gains, now faces the real test: turning hype into sustained adoption. Enter 21Shares, the latest ETF peddler looking to cash in on crypto’s volatility.

Can institutional interest give Sui the second wind it needs? Or is this another case of Wall Street slapping a band-aid on blockchain’s growing pains?

Short-term momentum indicators, such as the Stochastic RSI, flash neutral-to-sell signals and show waning strength. All of the major moving averages, from 10 to 200 days, are still in buy territory, indicating that the overall trend is still bullish.

A slight narrowing of the Bollinger Bands suggests less volatility. SUI may consolidate before making another upward MOVE if it can maintain support at the $3.66–$3.80 range, especially if developments like the 21Shares partnership boost investor trust and sentiment.