SUI price holds above $0.80 signaling possible continuation of upward momentum

Key Insights:

• The token trades at $0.93, holding above $0.80 support despite a 3.72% daily price decline.
• Grayscale’s GSUI ETF launches on NYSE Arca, offering SUI exposure and integrated staking rewards.
• Analysts cite historical trendline rebounds as asset maintains support and strong 24-hour trading volume.

SUI price remains above the key $0.80 level, and market data shows steady activity around the token. Traders are watching the trend as Grayscale prepares to launch its Sui Staking ETF on NYSE Arca. Recent price action and new investment products have placed the token in focus.

Price Holds Above $0.80 Support

The token is trading at $0.932171, according to live market data. The token recorded a 24-hour trading volume of $426,441,283. It deeped 3.72% over the past day, yet it remains above the $0.80 level.

Market analyst Ali Charts stated that the token is bouncing off a trendline that previously triggered major bull rallies. The analyst added that “As long as $0.80 holds, history suggests upside could follow.” Traders are tracking this support level closely.

Price charts show that earlier rebounds started near this range. Technical traders often monitor repeated support zones. The $0.80 mark has also been acting as a floor in past cycles.

Grayscale Sui Staking ETF Set to Launch

Moreover, Grayscale Investments announced that its Grayscale Sui Staking ETF will begin trading on NYSE Arca. The ETF trades under the ticker GSUI. The product offers exposure to the token and includes potential staking rewards.

This fund provides regulated access to the token through traditional markets. The GSUI ETF offers a new way for investors to access the token while earning staking rewards. The launch of this ETF may increase visibility and participation in the asset trading, adding another option for market participants.

The ETF structure allows investors to gain price exposure without holding the token directly. It also integrates staking rewards into the product framework. This launch places SUI among digital assets with dedicated exchange-traded products.

Market Activity and Momentum Signals

SUI price action has drawn attention due to its steady position above $0.80. Analysts are comparing the current setup with earlier rallies as trading volume remains active, and liquidity levels are stable.

Ali Charts noted “fundamentals are aligning with the current setup.” Market participants are reviewing network growth and staking activity. 

The combination of price stability and the GSUI ETF launch keeps focus on the token price trends. Traders continue to watch whether the cryptoccurency can maintain support and extend its upward movement.