- Despite a minor daily decline, Sui’s chart structure remains bullish.
- Weekly gains indicate momentum for recovery.
- The technical setup targets $7 after a confirmed breakout.
- Open interest remains high, showing strong market engagement.
SUI remains on a positive trajectory, even as the market navigates recent turbulence. The token is down 2.83% in the last day but up 1.75% over the previous week. Following the steep decline observed in the broader crypto market, this performance demonstrates a recovery.
At the time of writing, the token is trading at $3.87 and has a daily trading volume of $2.06 billion, which is down almost 14.07% from the previous day. Its total market capitalization now stands at $13.59 billion.
Also Read: SUI Secures Swiss Bank Integration for Institutions and Targets $6.7 Price Rally
Chart Signals Possible Upward Journey
According to crypto analyst Ali, SUI’s recent price movements are paving the way for larger gains; if present trends continue, the token may reach $7. SUI’s price chart reveals a clear breakout pattern that began forming in February 2025.
Over several months, its price formed a “triangle” pattern, alternating between slightly higher lows and slightly lower highs. Technical analysis frequently interprets this pattern as a sign of strength, and the coin finally broke above it in early August.
The token slightly retested the $3.70–$3.85 range, which had previously served as a price ceiling, after the breakout. This “retest” remained stable, suggesting the region has now become a foundation for future growth.
Chart levels suggest that SUI may face its next hurdles around $5.25, then $6.89, and possibly $7.95. Based on a popular price measurement tool that analysts use to forecast future movement following breakouts, these figures were calculated.
SUI Derivatives Market Shows Strong Participation
SUI’s derivatives market shows high investor interest, as the open interest persists at $2.00 billion despite a previous 1.97% decline. The decline represents temporary relief in speculative positioning, not a loss of confidence among market players.
The OI-weighted funding rate stands at 0.0081%, indicating a balanced sentiment between both buyers and sellers. Presently, the information reveals that there are active traders, and they are set to respond in case the signals in the market turn favorable.
If SUI can hold the price above the $3.70 level and find steady buying interest, it may continue to rise toward the $6.50–$7.00 range in the next few weeks. But a decline below this level may halt the rally, particularly if overall market conditions become unfavorable.
Also Read: SUI Token Hits Critical Technical Zone, Is a $5 Target Next?
