- SUI consolidates in a symmetrical triangle, defending $3 support with breakout targets near $7.
- Derivatives data shows rising long positions as short liquidations exceed $7M in 24 hours.
- Coinbase confirms SUI futures listing on Oct 20, expanding access and boosting institutional interest.
SUI is consolidating within a symmetrical triangle structure, creating conditions that many analysts track as a potential bullish setup. The token continues to defend support near $3.00, with technical projections aligning toward a possible breakout. This looks like the prime zone to buy SUI before the bullish breakout to $7.
Symmetrical Triangle Structure and Technical Levels
SUI has been consolidating between narrowing trendlines since February 2025. The price currently trades near $3.25, positioned around the 0.5 Fibonacci retracement at $3.19. According to analysis prepared by Ali Charts, resistance stands near $3.85 at the 0.618 Fibonacci zone. Breakout targets are set at $4.28, $5.28, and $6.96.
Throughout September, SUI repeatedly rebounded from the $3.00 level, confirming strong support despite broader market volatility. Trading activity within 24 hours reached $1 billion, with liquidity ratios reflecting active participation across exchanges.
Market capitalization is reported at $11.96 billion, while the fully diluted valuation stands at $33.55 billion. The consistent rebounds from lower levels strengthen the technical case for an upcoming breakout phase.
Derivatives Data and Institutional Developments
Derivatives data supports this outlook, as trading volume reached $6.45 billion, recording a 16.07 percent daily increase. Open interest also rose to $1.76 billion, showing positive positioning in the market. According to data from Coinglass, the 24-hour long to short ratio held near balance at 0.9829, though Binance reported stronger long participation at 2.5323.
Liquidation data shows shorts taking heavier losses, with $7.05 million cleared in the past 24 hours compared to $1.35 million from longs. According to MoreCryptoOnline, “SUI bulls are pushing hard. A breakout above the upper corrective channel line could ignite the next leg higher.”
Coinbase confirmed SUI futures will be listed on its derivatives platform from October 20. According to Coinbase, futures listings often attract institutional participation, broadening access to liquidity. This move introduces SUI to more global traders, potentially supporting the projected targets near $7.
