Ahead of Wednesday's CPI data from the U.S. Bureau of Labor Statistics, the altcoin market – led by XRP, and Sui (SUI) – recorded mild gains.

After a heavy crypto liquidation in the past few days, the leveraged crypto futures and spot market have significantly cooled down, thus setting the stage for a rejuvenated rebound in the coming days.

The cryptocurrency market has begun to show signs of a potential rebound, with the altcoin market, notably XRP and Sui (SUI), notching up mild gains ahead of Wednesday’s Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics.

After a period of heavy crypto liquidation, which saw leveraged crypto futures and the spot market cool down significantly, the stage is set for a rejuvenated rebound in the coming days.

Moreover, the stars are all aligning for a parabolic crypto rally in the coming months, driven by the anticipated change in the regulatory environment in the United States.

Sui Price Chart Breakdown

Having hit its all-time high (ATH) around $5.3 earlier this year, Sui’s price has been largely contained within a falling channel to date.

The large-cap altcoin, which has a fully diluted valuation of about $22 billion and a 24-hour average trading volume of around $1 billion, has recovered from the lower boundary of the falling logarithmic trend over the past two days.

Furthermore, the Sui price has been retesting a crucial support range between $2 and $2.39, which will ultimately determine its fate in the coming weeks.

A potential macro bullish rebound for the Sui price will be confirmed if the altcoin manages to close consistently above the $5.3 resistance.

When Spot ETF?

The Sui network has developed into a lively decentralized finance (DeFi) ecosystem, boasting more than $1 billion in total value locked (TVL) and over $638 million in stablecoins market cap.

Web3 projects building on the Sui network have already managed to raise a staggering $200 million in the first three months of 2025.

This palpable growth has sparked significant hype around the possibility of a spot Sui ETF in the United States.

The VanEck fund manager has been offering a Sui Exchange Traded Note (ETN) on Deutsche Börse and Euronext. While not a spot ETF, the success of the ETN will heavily influence the desire of other fund managers, led by Canary Capital, to file a spot Sui ETF shortly.