Sui is trading at $3.69 after registering a 2.15% intra-day decline. The market capitalization stands at $12.96 billion, with a 24-hour trading volume of $840.55 million. After a minor decline, traders are watching to see if the asset can regain momentum and test resistance around the $4 region.
Altcoin sustains above $3.70, supported by technical levels. The first support is at the EMA-20 price of $3.42, with EMA-50 at $2.97 and EMA-100 at $2.15 acting as higher support levels. Experts expect that a weekly close above $4 will open up avenues toward targets of $4.50-$4.60.
The signs show that the market is trying to recover. The Relative Strength Index (RSI) is at 54, which means buying pressure looks balanced. Rekt Capital said that if the RSI moves above 60 and stays there, it will confirm strong breakout momentum. The MACD histogram has started to bounce back, and the Ichimoku signals are also pointing upward. Together, these signs suggest that the market is keeping a positive outlook.
Robinhood listing boosts SUI liquidity as millions gain access
On August 19, SUI was added to Robinhood, providing millions of U.S.-based investors with easier access. This release increased exposure and facilitated positive sentiment. Robinhood’s arrival typically brings new liquidity and activity, and preliminary signs indicate that SUI has benefited, as evidenced by increasing engagement across trading pairs and decentralized networks.
Sui’s ecosystem continues to gather momentum with DeFi activity. The network’s TVL has broken through $2 billion, stablecoin issuance has topped $750 million, and decentralized exchange transactions have hit $14 billion over thirty days, up 70% from the previous month. These are signs of increasing liquidity and ecosystem growth.
Investor concerns over sell pressure and $4 resistance levels
Token unlock volatility persists amid growth; Sui’s TVL fell to $3B in August due to unlocks. Investor sentiment is split, with concerns over sell pressure versus trading potential. Resistance levels are at $3.90–$4.00, and support levels are at $3.42–$2.97; a breakout above $4 may trigger rallies.
Analysts envision Sui reaching $6–$8 by 2025 with adoption and institutional support. If the network continues growing and markets remain steady, by 2030, it may reach double digits. That makes the $4 breakout an important milestone.
