Sui price is gaining strong bullish momentum after the U.S. SEC approved the first-ever 2X leveraged SUI ETF. The new product, named TXXS, gives investors leveraged exposure to Sui and will be available on Nasdaq through issuer 21Shares. This approval marks a major step for the project, signaling growing regulatory openness toward crypto-based financial products in the United States.
At the same time, Sui is trading above $1.60 and appears ready to challenge the $2 level. The token has climbed 8% over the past week, supported by a steady recovery over the last two days. Market sentiment has turned more positive as buyers regain control.
The leveraged ETF offers amplified returns through derivatives, letting investors access Sui via traditional brokerage accounts. Its approval is notable, especially as other leveraged ETF proposals remain delayed. This move highlights the rising interest in blockchain assets and the increasing demand for crypto ETFs in the U.S. financial market.
Sui’s network activity also continues to expand. Over the last three months, daily transactions have increased by 28.2%, outperforming major competitors like Polygon, Arbitrum, Aptos, and Near. This growth indicates accelerating adoption and a rising user base.
Currently, SUI trades near $1.67 after a strong rebound. Technical indicators support the bullish setup: the Chaikin Money Flow stands at 0.09, showing growing buying pressure, while the MACD has flipped positive, with the MACD line above the signal line.
Sui is approaching key resistance levels at $1.80 and $2.00. A breakout above these zones could open the path toward $2.20. On the downside, support levels near $1.60 and $1.50 remain key in case the market experiences a pullback.
