{"id":12522,"date":"2025-05-28T15:18:43","date_gmt":"2025-05-28T13:18:43","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=12522"},"modified":"2025-05-28T15:18:43","modified_gmt":"2025-05-28T13:18:43","slug":"suis-gooner-ema-support-boosts-100-rally-potential-amid-nasdaq-etf-filing","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/05\/28\/suis-gooner-ema-support-boosts-100-rally-potential-amid-nasdaq-etf-filing\/","title":{"rendered":"Sui\u2019s \u2018Gooner EMA Support\u2019 Boosts 100% Rally Potential Amid Nasdaq ETF Filing"},"content":{"rendered":"

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Sui (SUI<\/a>) is constructing a compelling technical argument for a 100% price surge in the weeks ahead, further bolstered by a series of positive updates, including the recent Nasdaq ETF submission<\/a> with the US Securities and Exchange Commission (SEC).<\/p>\n

Gooner EMA support increases 40% SUI rebound likelihood<\/h2>\n

As of May 28, SUI has regained the \u201cGooner EMA\u201d as a support level on the weekly chart.<\/p>\n

SUI\/USDT weekly price chart. Source: NebraskanGooner\/TradingView<\/em><\/figcaption><\/figure>\n

The Gooner EMA is a technical measure developed by trader NebraskanGooner that utilizes the 11- and 22-period exponential moving averages (EMA). When the price rises above the EMA range, it frequently results in additional gains.<\/p>\n

Conversely, when the price falls beneath the EMA range, it typically results in more significant losses.<\/p>\n

SUI lost this support, approximately between $3.34 and $3.59, last week following a $200 million exploit on Cetus<\/a>, a decentralized exchange founded on the Sui blockchain.<\/p>\n

Related: <\/strong><\/em>Sui validators vote on $162M Cetus recovery strategy to return user funds<\/strong><\/em><\/a><\/p>\n

With SUI having reclaimed the level, positive sentiment is returning, according to NebraskanGooner.<\/p>\n

He noted:<\/p>\n

\u201cAs long as it maintains Gooner EMA support, it can attempt to retest ATHs. Depending on market dynamics \u2014 it even has a shot at a new ATH.\u201d<\/p><\/blockquote>\n

The current all-time high for SUI is about $5.36, nearly 40% above the current figures.<\/p>\n

Fibonacci retracement levels and SUI\u2019s ongoing ascending channel structure indicate a target of $7.56 for the new record high, representing an increase of over 100% from current prices.<\/p>\n

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SUI\/USD daily price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

Nasdaq submits application for SUI ETF<\/h2>\n

NebraskanGooner\u2019s optimistic perspective on SUI arises almost a week after Nasdaq\u2019s SUI ETF proposal to the US Securities and Exchange Commission (SEC).<\/p>\n

21Shares already provides a Sui exchange-traded product (ETP) in Europe, listed on both Euronext Paris and Euronext Amsterdam<\/a>. Since its inception in July of last year, SUI\u2019s value has escalated by over 350%.<\/p>\n

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SUI\/USDT three-day price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n

These listings have also aided in elevating total assets under management (AUM) in SUI-related ETPs to $317.2 million, according<\/a> to a report from CoinShares dated May 26.<\/p>\n

From May 16 to May 24 alone, SUI products garnered $2.9 million in inflows, ranking just behind Bitcoin\u00a0(BTC)<\/a>, Ether\u00a0(ETH)<\/a>, Solana (SOL<\/a>) and XRP\u00a0(XRP)<\/a> in terms of net assets.<\/p>\n

The regulatory endorsement for Nasdaq\u2019s SUI ETF remains uncertain, similar to most cryptocurrency ETF applications<\/a>.<\/p>\n

This article does not contain financial advice or recommendations. Each investment and trading decision entails risk, and readers should perform their own due diligence when making choices.<\/p>\n