Sui (SUI) Price: Trading at $3.49 in Bullish Triangle Pattern with $5.5 Target
TLDR
SUI price currently trading at $3.49, forming an ascending triangle pattern with resistance at $4.50
Robinhood listing on August 19 opens access to millions of U.S. retail investors
Weighted sentiment has rebounded to +0.533, indicating renewed market optimism
Technical analysis shows potential 57.52% move to $5.5 target if price breaks above $4.50
Institutional interest growing with ETF filings from Canary and 21Shares
The price of Sui (SUI) has been drawing attention in the cryptocurrency market as it consolidates within a bullish pattern while testing key support levels. At press time, SUI was trading at $3.49, showing a 3.09% decrease over the past 24 hours.
Despite this short-term retracement, the overall price structure remains bullish with a clear ascending triangle formation that has been developing since June.
This technical pattern features a rising support trendline paired with a flat resistance band between $4.46 and $4.50. The formation of higher lows along the support indicates steady accumulation by buyers.
The price is currently testing the ascending trendline support around $3.49, a level buyers appear determined to defend to maintain the bullish structure.
The 14-day Money Flow Index (MFI) stands at 48.75, sitting in neutral territory. This suggests a balance between buying and selling pressure, with plenty of room for potential upside movement should buyers step in more aggressively.
A breakout above the flat resistance at $4.50 could trigger a sharp upward move. Technical projections suggest a potential 57.52% price increase to a target of $5.5.
On the downside, a breakdown below $3.40 would invalidate this bullish setup. For now, the pattern remains intact as traders await the next decisive move.
www.coingecko.com/en/coins/sui
Robinhood Listing Creates Retail Opportunity
A major catalyst for SUI comes in the form of its recent listing on Robinhood on August 19. This development represents a significant step toward broader retail access for the cryptocurrency.
The Robinhood platform serves millions of users across the United States, providing them with instant trading capabilities through their mobile app. This reduces friction for retail investors looking to enter positions in SUI.
The timing of this listing is particularly noteworthy as it coincides with the formation of the bullish ascending triangle pattern on the price chart. By increasing accessibility, the listing provides fuel for a potential upside breakout.
Growing Institutional Interest
Beyond retail access, SUI has been gaining traction in institutional circles. ETF filings from both Canary and 21Shares highlight the growing institutional interest in the cryptocurrency.
These developments come as Swiss Bank Sygnum has announced support for SUI, providing custody and trading services aimed at institutional investors.
Further strengthening its institutional presence, Mysten Labs, the team behind SUI, recently welcomed Mustafa Al Niama, formerly of Goldman Sachs, to lead capital markets integration efforts.
These moves are seen as critical steps in bridging traditional finance with the cryptocurrency market, potentially enhancing SUI’s credibility among institutional investors.
Market sentiment data from Santiment shows that investor psychology has shifted positively. The weighted sentiment metric, which had fallen into negative territory in mid-August, has now recovered to +0.533.
This rebound indicates that investors are becoming more optimistic about SUI’s prospects. Such sentiment shifts, when backed by positive technical patterns, often precede price rallies.
The Sui Network has demonstrated strong fundamentals with over $80 billion in cumulative decentralized exchange (DEX) volume in the first half of 2025. This high trading activity reflects growing adoption and engagement with the network.
The network’s decentralized finance ecosystem now holds more than $2.15 billion in total value locked (TVL), providing substantial underlying support for the SUI token.
While the outlook appears positive, there are challenges to consider. In August 2025, 44 million SUI tokens valued at approximately $171 million were unlocked as part of the scheduled token release that extends to 2030.
These token unlocks could place temporary pressure on prices unless market demand consistently absorbs the new supply entering circulation.
SUI’s market capitalization currently stands near $13 billion, reflecting some decline over the past week amid broader weakness in the altcoin market.
Technical analysts note that SUI faces immediate resistance at $4.20, with a breakthrough needed to sustain the upward momentum. Key support zones exist at $3.80 and $3.50, with a potential retracement toward $3.00 if these levels fail to hold.
Weekly chart patterns suggest SUI may soon test resistance at $4.42, with a successful breakout potentially leading to a move toward $5.33 as an intermediate target on the way to the longer-term $7 objective.
The cryptocurrency’s open interest metrics indicate balanced market positioning, reflecting cautious but continued engagement from traders.
All signals currently point toward a potential breakout for SUI. The ascending triangle structure remains intact, sentiment indicators show improvement, and the Robinhood listing introduces a new source of demand.
A decisive break above $4.50 would likely drive the SUI price toward the projected target of $5.5 in the near term.
The price currently sits at $3.49, testing key trendline support as traders await the next major move in this developing bullish pattern.
The post Sui (SUI) Price: Trading at $3.49 in Bullish Triangle Pattern with $5.5 Target appeared first on Blockonomi.
Filed under: Bitcoin - @ August 20, 2025 11:24 am