SUI Sets Its Sights on $4 Following SEC Approval of First 2x Leveraged ETF

Jakarta, Pintu News – Sui (SUI) is currently showing movement from a bearish to bullish trend, with the potential to increase in value as market conditions change. Currently, the SUI token is trading at $1.62, up about 5.35% in the last 24 hours.

So, what is there to note about SUI?

SEC Approves SUI Leveraged ETF 2x

Interestingly, data from Sui shows that the SEC has approved the first 2x leveraged SUI ETF (TXXS), which will begin trading on Nasdaq via @21Shares_US. This is a milestone for Sui as it opens up access to regulated investments with twice the exposure to these cryptocurrencies in the public markets.

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Investors can now earn double daily returns from SUI in a fully compliant trading environment.

The launch of TXXS is a new chapter in Sui investing, bridging the crypto world with traditional market participants. Analysts expect this move to attract institutional interest and increase liquidity in the SUI ecosystem.

With this development, regulated and large-scale Sui investment has now officially arrived.

SUI price bounces back, bulls target resistance at $1.79

BitGuru crypto analysts revealed that SUI is starting to show signs of strengthening again, after bouncing strongly from a significant demand zone. This shows that buying interest is starting to grow again.

This strong bounce triggers a new uptrend, characterized by a series of “higher lows”, signaling buying support is recovering after a brief lull.

With the current momentum, SUI is expected to continue rising towards the key resistance level of $1.79. If this trend continues, it will strengthen the upward direction of the price. Traders are now waiting for confirmation on whether this formation remains intact when trading resumes, in order to support higher price action.

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SUI Chart Pattern Suggests Bullish Reversal Toward $4

Meanwhile, crypto analyst Lucky highlighted that SUI’s price chart is still moving in a descending channel pattern, continuing to weaken until it hits a strong demand zone – before finally breaking out aggressively.

Each cycle shows that when selling pressure weakens, SUI prices experience a strong bullish surge. This indicates that whenever this zone is touched, buying interest increases sharply.

The latest bounce reflects a similar pattern to the previous breakout moments. SUI again touched an important demand zone and managed to break out of the descending channel strongly.

Based on this technical pattern, the next price target is expected to be in the range of $3.50 to $4.00, referring to the previous breakout point. This is in line with the anticipated uptrend direction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Tronweekly. SUI Eyes $4 Rally Following SEC Approval of First 2x Leveraged SUI ETF. Accessed on December 10, 2025