• Sui (SUI) gains traction as 21Shares files its second SUI Spot ETF amendment, boosting market optimism.
• Analysts highlight a symmetrical triangle pattern, suggesting a potential bullish breakout ahead.
• A confirmed breakout above resistance could target the $2.70–$2.90 zone, while consolidation continues near current levels.

Sui (SUI) is also gaining attention as market activities and technical analyses show that a significant breakout in prices is soon. The filing of a second SUI Spot ETF amendment by 21Shares has also enhanced optimism in the market forecasts. Experts have pointed out that SUI is preparing to form a symmetrical triangle pattern in the market.

At press time, SUI is trading at $2.49, with a trading volume of $1.40 billion in the last 24 hours, with a market capitalization of $9.01 billion. The token increased by 1.21% in the last 24 hours; however, interest in the market for SUI is on the increase.

Sui Gains Attention After Second ETF

Popular crypto analyst Marc Shawn Brown recently shared an important update, revealing that 21Shares has filed its second SUI Spot ETF amendment with the U.S. Securities and Exchange Commission (SEC). As a consequence, the project is gaining renewed interest because any kind of development in the ETFs is viewed as an increase in institutional attention on the asset in question.

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Sui Price Eyes Breakout as Triangle Pattern Forms

At the same time, analyst Alpha Crypto Signal pointed out that SUI presently forms a symmetrical triangle formation on its 4-hour chart, which is commonly indicative that a bullish breakout is achievable once it gets beyond the levels of resistance.

Additionally, it is presently trading in tight ranges, with its 9-period exponential moving average acting as its level of resistance. Also, its volume has been generally diminishing, an area commonly indicating preparation in making a notable market movement.

If SUI were to break and close above the upper trend line in the triangle, it could trigger a possible breakout in the $2.70-$2.90 region. Falling below the lower line could trigger more corrections, however. At the moment, it appears that SUI is in a phase of consolidation, awaiting momentum for its next big breakout on the charts.

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