SUI token price prediction as Grayscale Sui Staking ETF begins trading today

The 50-day simple moving average sits at approximately $1.39 and continues to slope downward. Price remains well below this level, confirming that bearish momentum has not fully reversed.

Any sustained recovery would first need to reclaim the psychological $1.00 level and then break above $1.05, which has acted as short-term resistance during the recent consolidation.

On the downside, immediate support rests near $0.90. Below that, the early February swing low around $0.85 is the key level to watch. A break under $0.85 would likely open the door to deeper losses.

The Chaikin Money Flow indicator is currently around -0.02. This reflects slightly negative capital flows but shows improvement from the sharp outflows seen earlier this month. The gradual move toward the zero line suggests selling pressure is easing, though not yet replaced by strong accumulation.

If ETF-driven optimism attracts fresh inflows, SUI could attempt a move toward $1.20 in the coming weeks. However, confirmation requires stronger volume and a decisive break above short-term resistance.