SUI Price Eyes Oversold Bounce as 21Shares ETF Hits Nasdaq

SUI price is flashing oversold bounce signals after weeks of selling, buoyed by institutional tailwinds from the debut of the first U.S. spot SUI ETF on Nasdaq. The token traded at $0.8786 at press time, up 3.4% in the prior 24 hours, according to market data. Despite the uptick, SUI remains below the key $1.00 psychological level and has struggled to sustain momentum above it.

21Shares SUI ETF Launches on Nasdaq

The 21Shares Spot SUI ETF, listed under ticker TSUI, began trading on Nasdaq on February 24. The fund offers U.S. investors spot exposure to SUI through standard brokerage accounts without directly holding the token. TSUI launched with roughly $9.2 million in assets under management and carries a 0.30% management fee, waived through October 2026.

The product is not registered under the Investment Company Act of 1940 and does not offer the same protections as traditional 40 Act ETFs. It follows 21Shares' 2x leveraged SUI ETF introduced in December 2025.

The issuer promoted the listing in a statement: "Today feels sweeter with Sui. Introducing the 21shares Sui ETF (Ticker: TSUI)."

Today feels sweeter with Sui. Introducing the 21shares Sui ETF (Ticker: TSUI).

What Does SUI's On-Chain Data Show?

Sui is a Layer-1 blockchain built around payments, tokenization, and DeFi tools, founded by former members of Meta's Diem and Libra projects. The network has processed more than $100 billion in stablecoin transfers over the past six months, according to on-chain data.

Decentralized exchanges on Sui recorded $6.5 billion in volume over the trailing 30 days. That sustained activity suggests an engaged user base persists even as the token's market price has trended sharply lower in recent weeks.

SUI Trading Metrics Signal Cooling Leverage

Spot volume reached $474 million, a 12% decline from the previous session. CoinGlass data shows derivatives volume fell 14% to $685 million, while open interest slipped 2.8% to $447 million. The contraction signals traders are unwinding leveraged positions rather than building new ones.

Over the past week, SUI ranged between $0.8519 and $0.9783. It shed about 8% in seven days and roughly 40% over the past month, reflecting persistent selling pressure that has yet to abate.

Technical Outlook and Key SUI Price Levels

After declining from above $1.80 to around $0.85, SUI has formed lower highs and lower lows on the daily chart, confirming the ongoing downtrend. The token trades below both the 20-day and 50-day moving averages, which now serve as overhead resistance. Reclaiming the 50-day average near $0.94 would be the first sign that short-term momentum is shifting.

The relative strength index recently dipped into the low-30 range, signaling near-oversold conditions, and is now turning upward. Price has been hugging the lower Bollinger Band, and the bands are contracting -- a setup that often precedes a sharp volatility expansion.

Will the TSUI ETF Boost SUI Price?

ETF launches have historically lifted crypto prices. After spot Bitcoin ETFs were approved in 2024, institutional capital poured in and liquidity rose significantly. Whether TSUI delivers a similar catalyst for SUI will depend on the fund's ability to draw comparable inflows in the coming weeks.

If the $0.85-$0.87 support zone holds and buying volume rises alongside ETF-related demand, a relief rally toward $0.94 could emerge. A clean break above $1.00 would strengthen the case for a broader recovery into the $1.03-$1.20 area. However, a failure to defend $0.85 would undermine the oversold bounce thesis and could extend losses further.