SUI Bounces Back to $3.78 Amid ETF-Driven Momentum After Overnight Drop

SUI rebounded Thursday after a sharp overnight sell-off, climbing from a low of $3.52 to $3.78 in under five hours. The recovery follows renewed institutional interest sparked by two spot ETF filings.

The token dropped roughly 8% late Wednesday, falling from $3.82 to bottom out around 3 a.m. ET. Trading volumes surged during the dip, hitting 35.4 million—more than double its daily average—suggesting aggressive accumulation by larger players.

Despite choppy price action, the swift rebound brought SUI within striking distance of its recent highs, pointing to strong dip-buying interest. Still, the $3.82 level has now emerged as near-term resistance.

The bounce coincided with regulatory developments: the SEC advanced Canary Capital’s proposal for a spot SUI ETF into its review phase, while 21Shares submitted a separate filing for its own SUI-backed product. These steps could broaden investor access to the token via regulated investment vehicles.

Analysts caution that sustained momentum is needed to confirm a breakout, as SUI remains within a wider consolidation range. Technical models from CoinDesk Research highlight $3.82 as the level to watch.

SUI was recently down 0.42% over the past 24 hours, outperforming the broader CoinDesk 20 Index, which slipped 1%.