- SUI breaks above the downtrend channel, with analysts eyeing $8.5–$10 as the next major target.
- Institutional holdings exceed $344M, reinforcing SUI price stability near the $3.6 level.
- DeFi growth pushes Sui TVL above $2B, supporting ecosystem expansion and market momentum.
SUI is showing fresh strength after months of consolidation within a descending channel. The token has moved above key resistance zones, sparking renewed attention across the market. Technical indicators and on-chain activity now point toward a possible continuation of the upward move, with targets aligning near the $10 level.
Technical Outlook and Market Activity
The SUI chart shows that the token previously peaked near $6.0 before falling toward $2.6. This zone became strong support as price retested it multiple times, confirming its role in maintaining market structure. According to analysis prepared by Crypto_Rand, SUI has recently broken above the main downtrend channel near $3.2.
Resistance levels are now visible near $3.6 and $4.2, while support remains stable between $2.6 and $2.8. Lourenco VS noted that SUI is testing the bull market support band on the three-day chart. He added, “Once flipped, a nice run up is expected to start, the next local top targets $8.5-10 ish.”
Current trading data shows SUI at $3.64, reflecting a 1.0 percent daily increase. Market capitalization stands at $12.97 billion with a fully diluted valuation of $36.36 billion. Circulating supply is at 3.56 billion tokens out of a 10 billion total.
Institutional Support and Ecosystem Growth
Institutional demand has also supported SUI price stability. On September 7, SUI Group Holdings announced a pivot to become a Sui-focused treasury. The firm increased its holdings to $344 million, accumulating over 100 million tokens. Despite this, daily price action reflected short-term declines before stabilizing above $3.6.
The Sui ecosystem has recorded growth across DeFi, NFTs, and infrastructure. According to data from Coingecko, daily trading volume reached $956 million. Total value locked in Sui protocols has surpassed $2 billion, with projects like Suilend, NAVI, and Bluefin contributing. Meanwhile, zkLogin integration and gaming initiatives have attracted new users.
Fibonacci retracement levels indicate support at $3.21 and $2.68, while resistance lies near $4.23 and $5.39. Extended projections outline higher targets at $7.37, $8.67, and $10.97. Analysts continue to monitor price consolidation, with many expecting a breakout toward the $10 range if momentum continues.
