Sui climbed 4.9% to $0.9566 on Saturday, 21 February 2026, as trading volume surged to $568.88 million over 24 hours, a 31.78% increase.
Over the past seven days, the token showed a slight decline of 1.63%, settling near $0.958. Market analysts cite both technical signals and the launch of U.S.-listed ETFs as key drivers for the renewed buying interest.
Break Above $0.97 Seen as Momentum Trigger
Crypto analyst Nehal highlighted that the token pair on Binance demonstrates a bullish 4-hour setup. The token recently rebounded from a support range of $0.93–$0.94, forming a higher low and signaling potential upside. Suggested entry zones are set between $0.925–$0.94, with a stop-loss at $0.905 to protect against downside.
Take-profit levels are identified at $0.970, $0.999, and $1.03, reflecting historical resistance areas and psychological benchmarks. Rising volume during upward moves further supports the bullish outlook.
Nehal’s strategy emphasizes disciplined trading, noting that momentum expansion is expected if the token moves above $0.97, while a drop below $0.905 would invalidate the bullish scenario.
Incremental take-profit targets allow traders to secure gains in stages, mitigating risk and capitalizing on potential short- to mid-term price appreciation.
This technical framework positions SUI as a token of interest for both active traders and institutional observers. The combination of clearly defined support, entry zones, and ascending volume trends indicates that recent consolidation may be ending, with potential for renewed upward momentum.
Canary Capital and Grayscale Launch Staked SUI ETFs
Canary Capital launched the Canary Staked SUI ETF on Nasdaq, while Grayscale introduced the GSUI fund on NYSE Arca, converting from prior OTC structures.
Both ETFs embed staking rewards directly into their net asset values, providing investors with regulated exposure to SUI price movements and proof-of-stake yields without operating validators.
Steven McClurg, CEO of Canary Capital, confirmed that staking is integral to the fund’s design, not a separate product. Adeniyi Abiodun, co-founder of Mysten Labs, said the ETFs provide institutional and retail investors a streamlined entry point into Sui’s ecosystem, reducing operational barriers.
The launches reflect a broader trend of regulated crypto ETFs moving beyond Bitcoin and Ethereum to newer layer-1 networks, while testing the SEC’s tolerance for yield-bearing digital assets.
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