- •SUI price has rebounded strongly from ascending support multiple times this year, showing signs of another potential rally.
- •The Coinbase futures listing on October 20 enhances SUI's liquidity and increases institutional involvement in its market growth.
- •Projections point toward a potential $4.5 resistance test, with a long-term outlook suggesting even higher targets if institutional backing increases.
SUI price has recently shown renewed strength at its ascending support level, hinting at the possibility of another breakout in the coming weeks. Historical price action reveals that this trendline has served as a crucial launching point for previous rallies. In April 2025, SUI surged by 121% after rebounding from the same level, followed by an 81% rally in July. Now, with SUI hovering just above this critical support at $3.16, the stage is set for another potential rally, with projections pointing toward a 44% climb if past patterns repeat.
The latest price action shows that SUI has once again tapped its ascending support, and analysts are now targeting the $4.5 resistance level. This price point has historically acted as a cap for previous rallies, and the current market conditions suggest that a retest of this level is plausible. With the added strength from historical trends, market participants are hopeful that the token could break through this resistance in the near term.
Coinbase Futures Listing Boosts Institutional Involvement
In a significant move that could add fuel to the bullish sentiment, Coinbase announced that it will list SUI futures on its derivatives platform starting October 20. This development brings a new dimension to the market, as the inclusion of SUI futures introduces the token to a broader set of participants seeking alternative trading options. Coinbase’s futures listings are often seen as a signal of deeper institutional interest in the underlying asset, potentially leading to increased liquidity and stronger market recognition.
The timing of the Coinbase listing aligns with the technical strength of SUI’s price action. With the futures market opening up, institutional players now have a clearer path to engage with SUI, further validating the bullish outlook for the token. This institutional backing is expected to bolster SUI’s position in the market and support its potential for higher price levels.
Technical Setup and Future Outlook
The current price setup for SUI suggests a favorable outlook for the token in the short to medium term. The ascending support has provided a solid foundation for previous rallies, and the likelihood of a similar move remains strong. If SUI continues to hold its support at $3.16, it could drive the price toward the $4.5 resistance once again, setting the stage for a potential breakout. Moreover, the increasing institutional interest, coupled with the recent Coinbase futures listing, positions SUI for further upside potential.
This combination of technical strength and institutional validation creates a robust foundation for SUI to challenge higher resistance levels in the near future. Consequently, market participants are watching closely to see if the token can extend its gains and reach new milestones beyond $5, with some projections even targeting the $7.5 region in the long run. The outlook for SUI remains positive, as both market dynamics and institutional support continue to align favorably.