{"id":53397,"date":"2025-05-30T16:39:58","date_gmt":"2025-05-30T16:39:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sui-price-eyes-10-rebound-after-etf-hype-and-cetus-recovery-vote\/"},"modified":"2025-05-30T16:39:58","modified_gmt":"2025-05-30T16:39:58","slug":"sui-price-eyes-10-rebound-after-etf-hype-and-cetus-recovery-vote","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sui-price-eyes-10-rebound-after-etf-hype-and-cetus-recovery-vote\/","title":{"rendered":"SUI price eyes $10 rebound after ETF hype and CETUS recovery vote"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-2025-05-30T200913.638-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-2025-05-30T200913.638-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-2025-05-30T200913.638-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-2025-05-30T200913.638-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Over 90% of stakers and validators voted to approve CETUS\u2019s recovery plan.<\/li>\n<li>SUI ETF filings by 21Shares and Canary have boosted investor interest.<\/li>\n<li>Analysts predict SUI could reach $10 if ETF sentiment and recovery efforts sustain.<\/li>\n<\/ul>\n<p data-start=\"138\" data-end=\"727\">SUI, the native token of the Sui blockchain, is under renewed scrutiny as its price traded at $3.46 on Friday\u2014well below its recent peak of $4.18.<\/p>\n<figure id=\"attachment_312509\" aria-describedby=\"caption-attachment-312509\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-312509\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/Sui-1.jpg\" alt=\"Sui price\" width=\"1510\" height=\"555\"\/><figcaption id=\"caption-attachment-312509\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/sui\/\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p data-start=\"138\" data-end=\"727\">A combination of market-wide uncertainty and a major security exploit on its decentralised exchange, CETUS, triggered a nearly 20% decline in just over a week.<\/p>\n<p data-start=\"138\" data-end=\"727\">However, fresh optimism has emerged, fuelled by two major developments: overwhelming community approval of CETUS\u2019s recovery plan and speculation around a potential spot SUI ETF.<\/p>\n<p data-start=\"138\" data-end=\"727\">These developments are prompting analysts and investors to reassess the token\u2019s short-term trajectory.<\/p>\n<h2 data-start=\"729\" data-end=\"798\">CETUS recovery vote changes sentiment<\/h2>\n<p data-start=\"800\" data-end=\"1190\">The sharp drop in SUI\u2019s price coincided with an exploit on the CETUS Protocol that saw $223 million in digital assets stolen.<\/p>\n<p data-start=\"800\" data-end=\"1190\">Of this amount, approximately $162 million was frozen through collaborative efforts involving validators and security teams.<\/p>\n<p data-start=\"800\" data-end=\"1190\">Initially, the event cast a bearish shadow over the SUI ecosystem, undermining investor confidence and pushing the token to a low of $3.32.<\/p>\n<p data-start=\"1192\" data-end=\"1580\">But sentiment shifted following CETUS\u2019s announcement that its community had approved a formal recovery plan.<\/p>\n<p data-start=\"1192\" data-end=\"1580\">According to the team, over 90% of validators and stakers voted in favour of returning frozen funds to impacted users.<\/p>\n<p data-start=\"1192\" data-end=\"1580\">The swift community response and coordinated mitigation efforts have helped restore some degree of trust in the protocol, limiting the downside pressure on SUI.<\/p>\n<p data-start=\"1582\" data-end=\"1877\">This was reflected in the price action, which remained above the 50-day exponential moving average (EMA) despite the hack.<\/p>\n<p data-start=\"1582\" data-end=\"1877\">Technical indicators now suggest the formation of a bullish flag\u2014a chart pattern often seen as a continuation signal\u2014further strengthening the case for a potential rebound.<\/p>\n<h2 data-start=\"1879\" data-end=\"1931\">SUI ETF applications add fuel to the rebound scenario<\/h2>\n<p data-start=\"1933\" data-end=\"2193\">Alongside protocol-level recovery, market optimism has been buoyed by increasing speculation around a spot SUI ETF.<\/p>\n<p data-start=\"1933\" data-end=\"2193\">21Shares recently joined Canary in submitting applications, adding legitimacy to the push for broader institutional access to altcoins like SUI.<\/p>\n<p data-start=\"2195\" data-end=\"2634\">If approved, a spot ETF would allow regulated investment products to hold SUI directly, opening doors for institutional capital and potentially increasing liquidity and price stability.<\/p>\n<p data-start=\"2195\" data-end=\"2634\">The US Securities and Exchange Commission (SEC), now chaired by Paul Atkins, has yet to approve any altcoin ETFs, but analysts expect decisions on a range of applications\u2014including those for Litecoin (LTC), XRP, and Cardano (ADA)\u2014by the end of the year.<\/p>\n<p data-start=\"2636\" data-end=\"3032\">This renewed focus on exchange-traded vehicles has placed SUI on the radar of institutional investors.<\/p>\n<p data-start=\"2636\" data-end=\"3032\">A post on X by Crypto Bullet, a crypto analyst with a substantial following, noted that the token might be \u201cpreparing for a parabolic move\u201d that could take it above $10 by June.<\/p>\n<p data-start=\"2636\" data-end=\"3032\">According to the analyst, SUI has completed a Wave 2 correction and is now entering a potential Wave 3 rally phase.<\/p>\n<h2 data-start=\"3034\" data-end=\"3089\">Analysts forecast retest of $5.37, with $10 in sight<\/h2>\n<p data-start=\"3091\" data-end=\"3338\">Despite the recent correction, market participants are not ruling out a strong rebound.<\/p>\n<p data-start=\"3091\" data-end=\"3338\">Technical analysis points to resistance levels at $3.945 and $4.8587, with the potential to retest the previous all-time high of $5.3700 if momentum continues.<\/p>\n<p data-start=\"3340\" data-end=\"3704\">If ETF-related speculation remains strong and CETUS successfully executes its fund return plan, a breakout above these levels could send SUI into double digits.<\/p>\n<p data-start=\"3340\" data-end=\"3704\">However, any upside will likely depend on how broader macroeconomic and regulatory conditions evolve, especially in light of ongoing geopolitical tensions that have rattled digital asset markets globally.<\/p>\n<p data-start=\"3706\" data-end=\"3876\">As of now, the SUI price continues to hover below $3.50, but a convergence of fundamental recovery and technical signals may provide the spark needed for the next leg up.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en.png\"\/><br \/>\n        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SUI ETF filings by 21Shares and Canary have boosted investor interest. Analysts predict SUI could reach $10 if ETF sentiment and recovery efforts sustain. SUI, the native token of [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":53398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53397"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53397"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53398"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}