- SUI forms a weekly ascending triangle, holding $3.27 with $4.30 as key breakout level.
- Over 300 days of compression signal strong potential for a breakout toward $10.
- Institutional accumulation tops 100M tokens as TVL climbs to $3.5B despite unlock pressure.
SUI 1W shows the token bouncing off support for the third time while forming an ascending triangle pattern. The structure has been intact for several months, with horizontal resistance near $4.30 acting as the major breakout level. SUI is currently trading at $3.27, holding above its rising trendline support.
Ascending Triangle Formation and Resistance Levels
On the weekly chart, SUI has tested the $4.30 resistance level multiple times while forming higher lows. According to analysis prepared by CryptoBullet, this ascending triangle structure remains strong, with a measured move projecting a potential breakout target near $10.00.
The ascending trendline shows consistent demand, as each bounce reflects renewed buyer activity. Price compression continues to tighten within the triangle, often preceding expansion phases. Weekly candles confirm reduced volatility as the token consolidates closer to resistance.
Market observers note that the longer SUI consolidates below $4.30, the stronger the eventual breakout could become. According to an observation by EyeZenHour, more than 300 days of volatility compression are now visible, with volume nodes aligning near $3.43 and $13 billion market capitalization. Reclaiming these levels could open a path toward new highs.
Market Developments and Institutional Accumulation
Recent weeks have seen pressure on SUI following token unlocks of over 44 million tokens each on August 1 and September 1. These unlocks added more than $300 million worth of supply, which coincided with a 19.7% pullback from the August high of $4.16.
Despite this, institutional accumulation has increased. Nasdaq-listed SUI Group Holdings has added 20 million SUI tokens, bringing its total to over 101.8 million, valued at approximately $344 million. This accumulation reduces circulating supply and creates conditions supportive of long-term demand.
Ecosystem growth also continues. According to DeFiLlama, total value locked on the SUI blockchain has risen from $3 billion to $3.5 billion in two months. Additionally, a partnership with TRM Labs introduces advanced compliance and risk tools to the network, aiming to enhance security for institutions and builders.
