Analysts Predict SUI Breakout Following $50M Buyback Program Approval

Analyst predicts SUI breakout after $50M buyback program approval, with SUI targeting $3.76–$4.84 if resistance is breached.

Analysts predict a potential breakout for SUI after SUI Group Holdings approved a $50 million buyback program recently. The decision comes amid improving market conditions and signals confidence in SUI’s future price growth

With resistance levels near $3.76, analysts see SUI targeting $4.00 or higher if these levels are breached soon.

Analyst Sees Bullish Potential for SUI

A close above $3.83 could open the path to $4.36 and potentially $4.84.

Snyder’s analysis is backed by a bullish “cup-and-handle” pattern, which often signals long-term upward momentum in digital assets

Historical data supports the idea that such patterns lead to sustained price increases. As SUI approaches $3.76 resistance, analysts expect more upside potential in the coming weeks. These technical signals indicate a growing opportunity for investors.

SUI Group Approves $50M Buyback Program

SUI Group Holdings has approved a $50 million stock buyback program, signaling confidence in SUI’s future. The decision follows a $2 million buyback, where over 318,000 shares were purchased at an average price of $4.30

Marius Barnett, SUI’s Chairman, emphasized that repurchasing stock at these levels is an attractive investment. He added that the move reflects SUI Group’s confidence in the blockchain project’s long-term success.

The company plans to repurchase shares using open-market purchases, private negotiations, and other compliant methods. This move aims to support the stock price and enhance net asset value

The buyback program could expand if market conditions remain favorable. SUI Group believes that its blockchain’s fundamentals and future growth make this strategy beneficial.

SUI Group Increases Reserves and Faces Delays

The SUI Group has added 20 million SUI tokens to its reserves, raising the total to 101.79 million. This brings the total value of reserves to $379 million, strengthening the token’s market position

SUI Group also partnered with Galaxy Digital to manage a $450 million treasury program. The partnership highlights growing institutional confidence in SUI as a viable digital asset.

Despite these gains, SUI has faced delays in institutional inflows due to the SEC’s review of the proposed 21Shares Spot SUI ETF. Nasdaq filed to list the ETF in May, but the SEC has extended its review process

Investors are awaiting the SEC’s decision, which could provide broader market access to the token. This delay has kept many investors on edge as they wait for clarity on the ETF’s approval.