21Shares Spot SUI ETF Listed on NASDAQ: SUI Rebounds After Entering Oversold Zone, Can It Return to $1?

February 25 News: As the spot SUI ETF (TSUI) launched by 21Shares began trading on Nasdaq on February 24, SUI’s price showed signs of technical rebound. As of press time, SUI is at $0.8786, up 3.4% in 24 hours, but still has not regained the key psychological level of $1.

Over the past week, SUI fluctuated between $0.8519 and $0.9783, with a seven-day decline of about 8%. In the past month, it has fallen nearly 40%, indicating heavy selling pressure earlier. The spot trading volume is approximately $474 million, down 12% from the previous day; derivatives trading volume dropped to $685 million, open interest decreased to $447 million, and leverage levels are cooling down, with market sentiment not yet showing aggressive expansion.

The newly listed TSUI provides U.S. investors with a channel to gain exposure to SUI spot through traditional brokerage accounts, with a management fee of 0.30%, and plans for phased reductions. The initial management size is about $9.2 million. Since this product is not registered under the Investment Company Act of 1940, its regulatory structure differs from some traditional ETFs. Previously, 21Shares launched a 2x leveraged SUI ETF in December 2025.

Fundamentally, the SUI network focuses on payments, asset tokenization, and DeFi applications. Over the past six months, it has processed over $100 billion in stablecoin transfers, maintaining high on-chain activity. Whether the ETF’s launch will bring sustained capital inflows remains a key factor influencing SUI’s price trend.

Technical analysis shows that after falling from above $1.80, SUI has continued to form lower highs. The current price remains below the 20-day and 50-day moving averages, with short-term resistance around $0.94. The RSI, which previously approached oversold levels near 30, has recently begun to rise. The Bollinger Bands are narrowing, suggesting volatility may increase. If support around $0.85 to $0.87 holds and trading volume increases, SUI could challenge $0.94 and even test the $1.00 to $1.20 range; conversely, if it falls below $0.85, downside pressure may intensify again.