SUI price action has been pumping overnight. What’s the story behind the pump? Is it because of its listing on Coinbase? Or is it in anticipation of the stablecoin, suiUSDe, going live?
Well, to be honest, it’s a bit of both that contributed to
Sui
0.81%
Sui
SUI
Price
$0.7142
0.81% /24h
Volume in 24h
$213.06M
Price 7d
Learn more
pumping 1% today above the 8% it did yesterday.
Historically, Coinbase futures listings have triggered strong price reactions from the market. In the case of SUI, analysts suggest that the upcoming October 20 futures listing could lead to a 44% rally, based on past performance.
$SUI Futures are coming to Coinbase Derivatives.
Launching October 20.
The latest addition in our expanding suite of futures products, giving traders more choice, deeper liquidity, and greater access to emerging digital assets. pic.twitter.com/N5WQy1tMmf
— Coinbase Institutional 🛡️ (@CoinbaseInsto) September 29, 2025
With SUI price action pumping, traders are watching closely to see if this listing could be a catalyst that pushes the token toward the $5 mark.
The timing couldn’t be better. SUI’s blockchain has been expanding rapidly, and the upcoming listing is being read as a vote of confidence in its long-term potential.
Its recent $144Mn token unlock unleashed market volatility and resulted in its shares dipping more than 3%, which is now seeing a reversal.
SUI’s broader ecosystem is showing crazy growth. A notable development is the launch of suiUSDe, a native stablecoin built on the Sui network and powered by Ethena.
The introduction of suiUSDe has sparked renewed interest in SUI’s DeFi landscape. SUI’s Total Value Locked (TVL) hit a record high of $2.451 billion, reflecting growing confidence in the network’s financial infrastructure.
(Source: DefiLlama)
This surge in TVL, combined with the launch of suiUSDe and other stable assets like USDi (BlackRock’s tokenised money market fund), positions SUI as a serious contender in the Layer 1 space.
Its fundamentals remain strong, and as has happened with several SUI unlocks, the cryptocurrency is ready to end the year on a high note.
EXPLORE: New Coinbase Listings
Decoding The SUI Price Chart
SUI’s price action this past couple of weeks has been anything but dull. 44 Mn tokens worth $144 Mn were unlocked and released into circulation, causing a brief decline where its price dipped to around $3.21.
However, it has now broken out of a downward price pattern, showing that buyers are now in control and are pushing back. The RSI has jumped higher, currently at 68, just below the overbought territory.
(Source: TradingView)
Additionally, SUI price action broke above the 20-period Exponential Moving Average (EMA), implying strong support for upward movement.
If the momentum continues, it might carry SUI towards the resistance level at $3.83.
$SUI 1W linear chart
Touched the Support line for the third time, now looks ready to test the $4.3 level again and break out 📈
Volume has been declining for about a year => Q4 Volatility is coming 🔥
New ATH is inevitable! What can be the catalyst?
👉 @SuiNetwork and SUI… pic.twitter.com/5ty6OnEizp
— Twaresh Denis 🇺🇬 (@twareshdenis_Ug) October 3, 2025
At the same time, Moving Average Convergence Divergence (MACD) flashed a bullish crossover, further strengthening SUI’s outlook.
Right now, SUI is trading above a key price level of . This level sits halfway between its January high of $5.36 and its April low of $1.71. If SUI can stay above this point and close strongly, it may continue rising toward the next target of $3.97. The next target after breaching the $3.97 mark would be to test $4.57.
In case of a highly bullish case, it might even breach $5.34.
Meanwhile, data from CoinGlass shows that traders are becoming more confident. Open Interest in SUI derivatives has jumped to $1.83 billion, up from $1.68 billion just a day earlier.
(Source: CoinGlass)
This increase suggests that more traders are betting on SUI’s price going up. However, if SUI fails to hold above $3.54, it could slip back down and test support around $3.15.
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Key Takeaways
- SUI surged 9% in two days, driven by Coinbase futures hype and stablecoin launch momentum
- Technical indicators show bullish momentum, with price aiming for $3.97, $4.57, and possibly $5.34
- Sui’s ecosystem is booming, with record $2.388Bn TVL and new stablecoins boosting DeFi activity.
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