Grayscale Bullish on Sui Network and Staking ETF

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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Grayscale Backs Sui Network: Grayscale has declared a bullish outlook on the Sui network and its Staking ETF (ticker: GSUI), providing both institutional and retail investors with a more regulated investment avenue, indicating strong confidence in Sui's future.
Gasless Transfers Launched: On May 21, Sui Network confirmed the launch of gasless stablecoin transfers, eliminating transfer fees for various tokens including USDC, marking a significant enhancement in its payment capabilities.
Surge in Stablecoin Transfers: Since August 2025, the Sui network has processed over $1 trillion in stablecoin transfer volume, demonstrating robust performance in the DeFi space, with a current total value locked of approximately $570 million across its DeFi protocols.
Growing Institutional Products: In addition to GSUI, four SUI-linked investment products have been launched globally in 2026, and CME Group is set to list SUI futures on May 29, further strengthening Sui's market position and appeal.

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Technical Analysis for SUI

Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sui (SUI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.791	0.886	0.974	1.07	1.157	1.253	1.341
Fibonacci	0.886	0.956	1	1.07	1.14	1.183	1.253

About SUI

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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