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- Analyst sees bullish cup-and-handle pattern forming for SUI.
- SUI Group launches $50M buyback to support long-term value.
- ETF delays slow institutional inflows, but sentiment stays positive.
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Crypto analyst Lennaert Snyder has forecast a potential breakout for SUI, citing signs of strength after weeks of consolidation. In a recent X post, Snyder noted that the token is showing a bullish “cup-and-handle” formation, historically a pattern that precedes long-term gains in digital assets.
He believes SUI could soon challenge resistance at $3.76, with upside targets at $4.00, $4.36, and even $4.84 if momentum accelerates. Snyder suggested that any short-term pullbacks may offer strategic entry points for traders betting on a bullish trend continuation.
$SUI is looking good.
— Lennaert Snyder (@LennaertSnyder) September 12, 2025
After 38 days of downward pressure, it's time to take out liquidity to the upside.
The first key resistance to test is $3.76.
If we reclaim that, $4.00 resistance is next.
Potential pullbacks are good for longs but I prefer sending from here. 🚀 pic.twitter.com/abqbuJtFKb
$50M Buyback Underscores SUI Group’s Optimism
SUI Group Holdings Limited has authorized a substantial $50 million stock repurchase plan, following the success of an earlier $2 million buyback. Between September 10 and 12, the firm repurchased over 318,000 shares at an average price of $4.30.
Chairman Marius Barnett stated that this initiative signals management’s confidence in the company’s fundamentals and the blockchain’s growth trajectory. The board emphasized that the program aims to bolster net asset value per share and could be expanded further if market conditions remain favorable.
This announcement follows the company’s recent acquisition of 20 million SUI tokens, bringing its reserves to 101.79 million worth about $379 million.
Institutional Interest Grows Despite ETF Delay
SUI Group also partnered with Galaxy Digital to oversee a $450 million treasury strategy, further solidifying institutional support for the ecosystem. However, institutional adoption has been partially slowed by regulatory delays.
Also Read: Mysten Labs Meets SEC as Sui ETF Decision Nears, SUI Price Eyes $5 Rally
The U.S. SEC has extended its review of the proposed 21Shares Spot SUI ETF, originally filed by Nasdaq in May. The commission has opened proceedings before reaching a decision, delaying what could become a crucial gateway for broader market participation in SUI.
Outlook: A Potential Turning Point
With technical indicators flashing bullish and SUI Group doubling down on its own stock and token holdings, the stage may be set for a breakout. A decisive close above $3.83 could spark renewed investor interest and mark the start of a new uptrend for SUI.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
