SUI Price Surges later than Coinbase NY Approval and Bullish Token Unlock Absorption

SUI price and broader cryptocurrency market surged later than key regulatory approval and resilience against supply shocks

The cryptocurrency market experienced significant momentum on December 3, 2025, as Sui (SUI) surged following a pivotal regulatory breakthrough in the United States. Following a listing approval that allows New York residents to trade the asset on Coinbase, SUI outperformed the broader crypto market, rising approximately 20% to 28% in the past 24 hours.

This rally occurs against a backdrop of improving macroeconomic conditions, with the Federal Reserve expected to cut interest rates in December, and successfully absorbing a massive token unlock event that many feared would trigger a trade-off.

Why Is SUI Price Surging? Coinbase Approval Triggers Market Response

The primary catalyst for the recent price action is Coinbase receiving approval to offer SUI trading to residents of New York. This is a significant development given that New York is often viewed as the world’s financial capital with strict regulatory hurdles.

New York residents can now access Sui on .

— Sui (@SuiNetwork)

The listing instantly expanded access to approximately 19.8 million New York residents, reducing liquidity friction for a major U.S. market. As noted in market reports, “Getting approved to access a specific token implies that residents and companies can now freely purchase the token through the largest crypto platform in the country.

This regulatory green light translated immediately into volume. SUI volume increased significantly, with reports indicating a +$1.07 billion 24-hour volume spike, likely aided by institutional accumulation via Coinbase Prime. This standalone appeal is particularly notable as it contrasts with recent outflows viewn in other major crypto investment products.

Token Unlock: A “trade the Rumor, purchase the News” Event

A major factor fueling this rally was the market’s reaction to SUI’s token unlock. On December 1, SUI unlocked $86.86 million worth of tokens, the largest unlock event scheduled for the month. Typically, such supply shocks create bearish pressure. However, in what analysts are calling a “sentiment flip,” purchaviewrs absorbed the supply, with platform netflows turning positive.

The market interpreted the unlock as a contrarian signal, flushing out over $350 million worth of short positions. As described in the analysis: “Despite the supply surge typically associated with bearish pressure, the New York listing accelerated upside bets on SUI on Tuesday, reversing the bearish sentiment that had built up ahead of the unlock”.

significant Quotes and Social Sentiment

Prominent market analysts have weighed in on the structural shift in SUI’s price action. The sentiment on social media platforms like X (formerly Twitter) has shifted from caution to strong bullishness.

Trisha_Saha on X highlighted the volume dynamics that preceded the breakout:

“SUI Volume Analysis: SUI volume has increased significantly, while tradeing pressure has fragileened. This shift is allowing price to move higher smoothly. As long as purchase volume remains sustained, SUI can continue the upside move it has initiated.”

This analysis aligns with the “Strong Accumulation Pressure” observed in the $1.34 region before the breakout.

Furthermore, Viktoras Karapetjanc, an expert at Traders Union, provided a fundamental perspective on why the price is moving despite previous technical headwinds:

“If SUI can reclaim $1.60 on growing adoption, I expect purchaviewrs to return and lead the next upward move.”

Karapetjanc noted that while technical momentum had been negative, the ecosystem’s fundamentals—specifically the Total Value Locked (TVL) surpassing $1 billion—provided a constructive backdrop for this reversal.

Technical Analysis: SUI Price Prediction and Key Levels

My technical analysis indicates that SUI has successfully executed a trend reversal by breaking out of a double-bottom structure formed around $1.34. The asset has reclaimed the 30-day Simple Moving Average (SMA) and pushed decisively above the Keltner mid-band for the first time in three weeks.

Current Market Structure:

SUI is currently trading in a consolidation range near $1.60–$1.63, having rallied vertically from the $1.33 lows19. The Relative Strength Index (RSI) has jumped from oversold territory (around 41) to nahead 58, signaling rising purchaseing momentum without yet being overextended20.

SUI Price Prediction: Bullish Scenarios

The immediate SUI price prediction leans bullish as long as the price holds above the $1.55 support cluster.

• The Breakout Target: A sustained break above the current resistance at $1.6277 (the recent leg high) would confirm the bullish impulse.
• Next Resistance: If momentum continues, SUI is likely to test the $1.78 level, which is in confluence with the 200-day exponential moving average.
• Major Pivot: A decisive close above $1.92 would invalidate the November downtrend entirely, opening the path toward the October peak of $2.72.

Bearish Risks and Invalidation

Traders should remain cautious of a “fake out.”

• Support Failure: If fails to hold the $1.55 level (the 0.236 Fibonacci retracement), it could signal a deeper correction back toward $1.47 or the $1.31 baseline.
• The $1.00 Threat: If the price is rejected strongly from the $1.78 level, some analysts predict a resumption of the downtrend toward $1.00.

Technical Summary Table

Fundamental Growth: TVL and Developer Activity

The price surge is supported by robust on-chain metrics. SUI’s Total Value Locked (TVL) has viewn explosive growth, rising from $250 million in ahead 2024 to significantly higher levels in late 2025, with some reports citing a peak of $2.6 billion by October 202. While recent volatility saw stablecoin reserves drop from $1.2 billion to $700 million, the network continues to process 8-10 million transaction blocks daily.

Developer engagement has also ramped up by 219%, with approximately 1,400 monthly active developers, signaling long-term viability beyond short-term price action.

SUI Price FAQ

Is the SUI network growing?

Yes, SUI has shown significant network growth. The network has viewn a 900% growth in total accounts over the last year37. Additionally, daily transactions are in the billions, and 75% of all SUI tokens are staked, indicating a secure and engaged network38.

Will SUI reach $2.00 soon?

It is possible. If SUI manages to break the resistance at $1.92 (the November high), analysts believe it could target $2.00 and potentially the $2.72 October peak.. However, this depends on BTC maintaining its strength and SUI holding above the $1.55 support level.

Is SUI a excellent purchase right now?

SUI is currently showing strong bullish momentum due to the Coinbase listing and technical breakout. However, it is approaching a “major resistance” zone around $1.784. Analysts suggest waiting for a reaction—either a breakout above $1.62 or a pullback to $1.55 with lower volume—to manage risk effectively. Crypto trading carries high risk, and logic must always come before emotions42.