• SUI’s Grayscale Trust provides institutions a regulated way to gain exposure without direct token ownership.
• SUI approaches a key support level, historically signaling major price rebounds.
• RSI nearing oversold conditions suggests a potential price recovery as buying pressure increases.

SUI is on the way to its positive price trajectory, with a slight increment in its value with the increasing interest. The token is currently trading at $1.42, marking a surge of 3.33% over the last 24 hours.

Moreover, Grayscale has launched the Grayscale SUI Trust, offering regulated exposure to the SUI token without requiring direct purchase or custody. The Trust issues shares that track SUI’s market value, adjusted for fees. This gives institutions a streamlined, familiar way to enter the expanding Sui ecosystem.

SUI fuels the non-corporate Sui Network, a type of blockchain that utilizes cryptography and the public ledger to document transactions. Sui Network allows peers to exchange SUI tokens through a secure, peer-to-peer transaction. The decision of Grayscale reveals the growing institutional interest in the scalable blockchain solution of Sui.

Also Read: Sui Network Market Cap Climbs $11.6 Billion Despite Declining Daily Transactions

Technicals Points To Reversal as SUI Approaches Support

From the technical perspective, the SUI price trend for the weekly timeframe reveals that the price stays below the 20-period and 50-period moving average. This makes the trend bearish. The price reached a peak in mid-2025 and has been declining ever since and is soon about to touch the support level of approximately $1.40.

Source: TradingView

The Relative Strength Index (RSI) is at 33.20, which is close to the oversold level and may form a possible support level if the buying pressure rises. The MACD indicator reveals a bearish momentum because the MACD line remains below the security line along with the red histogram. 

Sui Price Pattern Hints at Major Rally Above $4

Additionally, a prominent crypto analyst, Ali, noted that SUI is about to reach an important support trendline that has been in effect since the early part of 2023. This level has proven to be an ideal launching point on two previous tests, helping to create rallies of 450% and 750%. Traders are closely observing this level, as early signs indicate rising accumulation and bullish divergences.

Source: Ali

SUI’s return to this historical region has triggered the expectation of another breakout. The past performance of the token might see it reach a point of a decisive move above the $4 mark, which has significant psychological value. Market sentiment at this point is based on the possibility of the trend line initiating another massive bounce.

Also Read: SUI Price Under $1.40 Accumulation Levels Indicate $20 Target