- The SUI price rebounded from $3.7–$3.8 support after breaking a symmetrical triangle, aligning technical targets with Fibonacci levels near $7.
- Institutional adoption rises as Sygnum Bank offers SUI services and Grayscale launches investment trusts for the blockchain’s native tokens.
- Trading activity surpasses Base and BSC in DEX aggregator volume, boosting liquidity and supporting the network’s ongoing growth trajectory.
Sui (SUI) has confirmed a bullish retest, breaking from a months-long symmetrical triangle and establishing $3.7–$3.8 as new support. The price currently trades at $3.85 with over $3.18 billion in daily volume.
Technical Setup Points to Higher Levels
Analysts report that SUI cleanly retested its descending trendline after the breakout, rebounding from the 0.618 Fibonacci level at $3.57. The move reinforced the $3.7–$3.8 range as a strong demand zone.
Immediate resistance is now positioned at the 0.786 Fibonacci level near $4.24. Historically, a break above this zone accelerates upward momentum. The prior range high and 1.0 Fibonacci level at $5.25 serve as the next technical checkpoint.
Chart projections place the 1.272 Fibonacci extension near $6.89, aligning with the $7 target. A measured move from the triangle pattern calculates a similar projection near $7.1. Price structure suggests a staged climb toward $4.9–$5.3, followed by consolidation before advancing to $6.7–$7.0.
Institutional Developments Boost Network Profile
Ali, a market analyst, noted the bullish retest setup, confirming that the breakout thesis remains intact as long as the price stays above $3.7–$3.8 and $3.17. He projects the path of least resistance remains upward.
Institutional adoption is increasing. Sygnum Bank has introduced SUI services, becoming the blockchain’s official banking partner. This development expands regulated access for professional investors and strengthens the network’s credibility in global markets.
In a related move, Grayscale has launched DeepBook Trust and Walrus Trust, giving investors direct exposure to $DEEP and $WAL—native tokens supporting Sui’s infrastructure. These products are designed to bring more institutional capital into the ecosystem.
Market Position Strengthened by Ecosystem Growth
Recent trading data shows SUI has surpassed both Base and Binance Smart Chain (BSC) in decentralized exchange aggregator volume. This shift signals growing activity and liquidity within the Sui network’s decentralized finance sector.
Market participants attribute the momentum to both technical strength and ecosystem expansion. The confluence of institutional partnerships and increased trading activity is creating a supportive backdrop for continued price growth.
The bull picture is still intact as bottom supports hold. If the price clears $5.25, it would break the lower-high setup and unleash the good chance of the trend continuation and then target interesting areas around $7. The market will now watch whether buying momentum is sustained into the next resistance zones.
