Sui’s $0.93 Stakes: ETFs Rise, Bulls Dream of $1.20!

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Lo, behold! The Sui price, that most fickle of lovers, doth cling to the $0.93 support, as two new U.S. spot staking ETFs-those modern-day alchemists-begin their arcane dance upon the markets.

when volume ascends but open interest descends, it is as if the market itself is whispering, “I am but a fleeting fancy.”

First U.S. Spot SUI ETFs Begin Trading

On the fateful day of February 18, two spot ETFs, those paragons of modern finance, began their pilgrimage upon the exchanges.

The Canary Staked SUI ETF (SUIS), a creation of the intrepid Canary Capital Group, now doth trade upon Nasdaq. This fund, a veritable treasure trove, holds spot SUI and doth stake a portion or all of its holdings, bestowing staking rewards upon its investors with the grace of a tsar’s decree.

🐤 Behold, $SUIS: The Canary Capital Staked SUI ETF, now trading on Nasdaq.

A portal to SUI blockchain glory, with staking rewards as sweet as a Cossack’s bribe.

Learn more: and Investing involves significant risk,…

– Canary Capital (@CanaryFunds) February 18, 2026

On the same day, Grayscale Investments unveiled the Grayscale Sui Staking ETF (GSUI) upon NYSE Arca. This fund, with a 0.35% annual fee, doth waive it for three months or until assets reach $1 billion. At launch, 100% of holdings were staked-a bold move, indeed.

Both products, those paragons of spot ETFs, hold actual SUI tokens and pass staking rewards through to investors via net asset value. With Sui’s staking yield near 7%, it is as if the market itself hath offered a feast to the faithful.

ETF launches for Bitcoin in 2024 and Ethereum in 2025 hath drawn crowds like a carnival. Whether SUI shall enjoy a similar fate is a question as old as the hills. Further token purchases by the funds may bolster the price. If participation falters, the impact may be as fleeting as a dream.

Sui Price Technical Analysis

On the daily chart, $0.93-$0.90 hath acted as key support, a fortress of sorts. The price hath repeatedly tested this area, with buyers intervening to stabilize it, like a desperate suitor. Short-term downward pressure might lessen if $0.90 holds, though the market’s whims are as capricious as a drunken nobleman.

The tightening of the Bollinger Bands is a sign of compression, like a corset tightened too tightly. Larger moves are often preceded by such squeezes-a drama awaiting its climax.

The relative strength index, that most fickle of indicators, is currently in the mid-30s after recovering from oversold levels close to 25. A mild bullish divergence hath formed, with RSI making a higher low while price retested support. Momentum is improving, though it hath not yet turned bullish-a hesitant step in the dark.

SUI still trades below the 20-day moving average, a shadow of its former self. Lower highs remain intact since the rejection near $2.00. The first sign of structural improvement would be a break above $1.05-$1.10-a miracle in the making.

The major breakout level sits at $1.15-$1.20. This zone aligns with the prior breakdown structure and horizontal supply. A daily close above $1.20 would break the lower-high pattern and could open room toward $1.45-$1.60-a realm of fantasy for the hopeful.

If $0.93 fails, the next supports lie near $0.85 and $0.75. For now, SUI is compressing near support while ETF catalysts enter the market. Volume expansion on a move above $1.05-$1.20 will likely decide the next trend-a gamble as perilous as a Cossack’s duel.

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2026-02-19 11:10