ICF International's 15min chart shows RSI Oversold, Bullish Marubozu pattern.
ByAinvest
Thursday, Sep 4, 2025 1:01 pm ET1min read
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The SUI price is currently trading around $3.34, consolidating within a falling wedge pattern. If SUI breaks above the upper boundary of this pattern and closes above the daily resistance at $3.65, it could extend the rally toward its July 28 high of $4.44. The Relative Strength Index (RSI) on the daily chart reads 44, nearing its neutral level of 50, indicating a fading of bearish momentum. The Moving Average Convergence Divergence (MACD) lines are also nearing each other with decreasing red histogram bars, suggesting a bullish crossover could happen in the coming sessions.
On-chain data highlight rising weekly transactions, with Artemis Terminal data showing that weekly transactions reached $47.9 million in the last week of August, the highest weekly level since April. This suggests renewed network activity and growing user participation.
Additionally, the launch of Phase 2 of tBTC on Sui is fueling optimism for the next wave of Bitcoin Decentralized Finance (DeFi) activity on the network. Phase 2 of tBTC on Sui follows the strong adoption of Phase 1, where Bitcoin rapidly grew to account for 20% of Sui’s Total Value Locked (TVL), with $10 million in tBTC supplied on Alphalend and over $2.8 million in liquidity added.
SUI Group Holding Limited (SUI Group), the only publicly traded company with an official relationship with the Sui Foundation, announced on Tuesday that it has added 20 million SYU tokens to its treasury, bringing its total holdings to over 100 million, valued at more than $300 million. Stephen Mackintosh, Chief Investment Officer of SUI Group, stated that the company plans to continue seeking accretive capital raises to make additional purchases of discounted locked SUI and increase its SUI per share to generate value for its shareholders.
The bullish outlook for SUI is supported by the increasing institutional confidence and the rising on-chain activity. However, if SUI faces a correction, it could extend the decline to find support around its 50% price retracement level at $3.08.
References:
[1] https://www.fxstreet.com/cryptocurrencies/news/sui-price-forecast-sui-group-adds-20-million-to-treasury-pushing-holdings-above-100-million-202509040536
[2] https://www.ainvest.com/news/coast-15min-chart-triggers-rsi-oversold-bullish-marubozu-formation-2509/
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According to ICF International's 15-minute chart, the RSI (Relative Strength Index) has fallen into the oversold territory, and a bullish Marubozu pattern has emerged on September 4th, 2025 at 12:45. This suggests that the stock price has declined rapidly and is currently below its fundamental support level. As the buyers are currently in control of the market, it is likely that the bullish momentum will continue.
Sui (SUI) has been consolidating within a falling wedge pattern, with a potential breakout that could ignite a rally. On Thursday, SUI Group Holdings Limited added 20 million SUI tokens to its treasury, bringing total holdings to over 100 million. This move signals institutional confidence and reduces the circulating supply, potentially increasing demand and prices.The SUI price is currently trading around $3.34, consolidating within a falling wedge pattern. If SUI breaks above the upper boundary of this pattern and closes above the daily resistance at $3.65, it could extend the rally toward its July 28 high of $4.44. The Relative Strength Index (RSI) on the daily chart reads 44, nearing its neutral level of 50, indicating a fading of bearish momentum. The Moving Average Convergence Divergence (MACD) lines are also nearing each other with decreasing red histogram bars, suggesting a bullish crossover could happen in the coming sessions.
On-chain data highlight rising weekly transactions, with Artemis Terminal data showing that weekly transactions reached $47.9 million in the last week of August, the highest weekly level since April. This suggests renewed network activity and growing user participation.
Additionally, the launch of Phase 2 of tBTC on Sui is fueling optimism for the next wave of Bitcoin Decentralized Finance (DeFi) activity on the network. Phase 2 of tBTC on Sui follows the strong adoption of Phase 1, where Bitcoin rapidly grew to account for 20% of Sui’s Total Value Locked (TVL), with $10 million in tBTC supplied on Alphalend and over $2.8 million in liquidity added.
SUI Group Holding Limited (SUI Group), the only publicly traded company with an official relationship with the Sui Foundation, announced on Tuesday that it has added 20 million SYU tokens to its treasury, bringing its total holdings to over 100 million, valued at more than $300 million. Stephen Mackintosh, Chief Investment Officer of SUI Group, stated that the company plans to continue seeking accretive capital raises to make additional purchases of discounted locked SUI and increase its SUI per share to generate value for its shareholders.
The bullish outlook for SUI is supported by the increasing institutional confidence and the rising on-chain activity. However, if SUI faces a correction, it could extend the decline to find support around its 50% price retracement level at $3.08.
References:
[1] https://www.fxstreet.com/cryptocurrencies/news/sui-price-forecast-sui-group-adds-20-million-to-treasury-pushing-holdings-above-100-million-202509040536
[2] https://www.ainvest.com/news/coast-15min-chart-triggers-rsi-oversold-bullish-marubozu-formation-2509/
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