The altcoin market—led by XRP and Sui (SUI)—is showing signs of recovery ahead of Wednesday’s U.S. CPI data release. After days of heavy liquidations, both the crypto futures and spot markets have cooled down, creating conditions for a potential rebound.

With key technical levels in play and growing investor interest, all eyes are now on what happens next.

Sui Price Chart Breakdown

Sui reached an all-time high (ATH) of around $5.30 earlier this year but has been stuck in a downward trend ever since. However, in the past two days, the altcoin—valued at around $22 billion with a daily trading volume of $1 billion—has bounced off the lower boundary of this trend.

Now, Sui is retesting a key support range between $2 and $2.39, which will determine its next move. If the price consistently closes above $5.30, it would confirm a strong bullish reversal.

Sui’s DeFi Growth Attracts Investors

The Sui network has grown into a major player in DeFi, with more than $1 billion in total value locked (TVL) and a stablecoin market cap exceeding $638 million. Investor confidence remains strong, as Web3 projects built on Sui raised an impressive $200 million in just the first three months of 2025.

Spot Sui ETF Speculation Heats Up

With Sui’s rapid growth, speculation about a spot Sui ETF in the U.S. is rising.

Currently, asset manager VanEck offers a Sui Exchange-Traded Note (ETN) on Deutsche Börse and Euronext. While this is not the same as a spot ETF, its success could encourage other fund managers, such as Canary Capital, to file for a U.S.-based spot Sui ETF in the near future.

If the current trend holds, Sui might just be gearing up for a comeback that catches the entire market by surprise.