Sui (SUI) climbed 1.78% to $0.94 over the past 24 hours, boosted by the launch of SUI futures contracts on the CME Group, the world’s largest regulated derivatives exchange. The move gives institutional investors a compliant way to trade SUI for the first time.
The broader crypto market also pushed higher, rising 1.54% to a total market cap of $2.65 trillion. Bitcoin crossed $80,000 for the first time since January, gaining 2.23% to $80,475. Ethereum, XRP, and Dogecoin also posted gains.
The SUI Network confirmed the launch on X, writing: “$SUI futures are officially LIVE on @CMEGroup. Millions now have direct, regulated access to Sui and its ecosystem.”
NEW: SUI FUTURES NOW LIVE ON CME GROUP$SUI futures is now officially trading on CME Group, giving institutional clients regulated access to the Sui ecosystem. pic.twitter.com/bEIjTAJqCk
— Coin Bureau (@coinbureau) May 4, 2026
The CME listing puts SUI alongside more established digital assets in the institutional market. Professional investors can now trade SUI derivatives within a trusted financial structure.
Analyst Crypto Patel posted a technical breakdown on X, arguing that SUI could deliver a 25x move. He pointed to price sitting in the 0.786 Fibonacci retracement zone and noted that the current setup mirrors the 2024 accumulation phase, which led to a 1000%+ rally. His price targets are $1.80, $4.00, $10, and $20, with the trade invalid on a weekly close below $0.50.
$SUI Could Deliver a Massive 25x Move – A Hidden 2024-Style Setup
1⃣ Price has pulled back deeply into the 0.786 Fibonacci zone, aligning with a key macro ascending trendline, strong confluence area acting as support
2⃣ Structure mirrors the 2024 accumulation phase, which… pic.twitter.com/B8Mpd3lrSA— Crypto Patel (@CryptoPatel) May 1, 2026
The Relative Strength Index has moved above 60, showing growing buying pressure. The MACD has printed a bullish crossover with a rising histogram.
Resistance is clustered between $0.94 and $0.97. A clean break above that zone opens the door to a test of $1.00, then $1.05 and $1.10. Immediate support sits at $0.93, with stronger structural support at $0.88–$0.90.
Earlier data from May 1 showed large traders holding a net long bias, with nearly two-thirds of top accounts positioned for gains. Funding rates were slightly negative and open interest was declining, pointing to reduced leverage in the market.
SUI’s total value locked sits at $552.84 million, up 1.04% in 24 hours. Stablecoin market cap on the network is around $550 million, reflecting solid liquidity. DEX trading volume reached $45 million over the same period.
TVL previously peaked above $2 billion, so current levels still reflect recovery from that high.
If the $0.94–$0.97 resistance band holds as a ceiling, the downside target near $0.85 comes into focus. A deeper breakdown could push price toward $0.70.
SUI traded at $0.94 at the time of writing, with the CME futures launch now live.
The post Sui Price: Is a Break Above $1 Finally Coming After CME Futures Debut? appeared first on CoinCentral.
