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$SUI Price Rally Ahead? Rising Channel Points to $2.50 In the previous week, $SUI lost 2.48% due to market volatility. The cryptocurrency, like the rest of the crypto market, has been consolidating for two weeks with no sign of a price breakthrough. Despite this sideways shift, crypto researcher Ali Martinez sees short-term benefits. Recent 4-hour chart price fluctuations indicate SUI market. The crypto expert says SUI has been rising since March 11 and may soon rise. Martinez's chart shows SUI retesting its ascending channel support line at $2.26, indicating an upswing. The crypto researcher expects SUI to advance to $2.50, the ascending channel's barrier, if it doesn't drop below this support. $SUI might break out of its rising channel at $3.0 with significant market demand. Any dramatic price drop below $2.26 support might drop prices below $1.75. The SUI community was excited last week when Canary Capital applied for an SUI spot ETF with the SEC. This follows a Delaware trust registration for the planned fund in March. The promise of institutional investment in Bitcoin and Ethereum during the previous year makes spot ETF prospects positive. At $2.28, SUI has gained 0.84% in the last day. Market involvement has dropped as the asset's trading volume has fallen 31.69%. Due to a significant negative trend in recent weeks, the cryptocurrency is down 30.21% on its monthly chart. However, SUI remains a significant highlight of the current cycle after rising to a new all-time high of $5.35 between Q4 2024 and early January 2025. With the cycle being far from done, some experts are calling the present slump a favorable buying opportunity for SUI.

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